EL PASO, Texas — Helen of Troy — a marketer of brand name personal care products whose personal care portfolio includes Vidal Sassoon, Bed Head and Pert — posted double-digit gains in second quarter revenues as net income remained essentially flat during the period.
Net sales for the quarter ended Aug. 31 rose 11.1% to $319.4 million compared with $287.4 million in the year-ago period.
Net income totaled $23.3 million, or 72 cents per diluted share, compared with net income of $23 million, or 72 cents per diluted share, in the year ago period.
Looking ahead, the company continues to expect net sales in the range of $1.29 billion to $1.32 billion for fiscal 2014. Adjusted diluted earnings per share are expected to be in the range of $3.50 to $3.60, which is consistent with the company’s previous guidance.