Acquisitions boost Helen of Troy's Q3

EL PASO, Texas — Helen of Troy, a marketer and developer of brand-name personal care and household consumer products, posted a boost in third-quarter net sales and net income as its personal care segment benefited from the acquisition of Pert Plus and Sure brands.

Third-quarter net sales for the period ended Nov. 30 totaled $205 million, up 8.2% compared with revenues of $189.4 million in the year-ago period. Net income totaled $27.1 million, or 86 cents per diluted share, compared with $24.7 million, or 80 cents per share, in the year-ago period.

For the personal care segment, sales rose 9.2% to $146.5 million, compared with $134.2 million in the year-ago period. As reported in April, Helen of Troy acquired the Pert Plus hair care and Sure antiperspirant and deodorant brands from Innovative Brands.

Login or Register to post a comment.