Helen of Troy Reports Record 2nd Quarter/6 Months
Results
EL PASO, Texas--(BUSINESS WIRE)--Oct. 7--Helen of Troy Ltd. (NASDAQ, NM:
HELE), designer, developer and worldwide marketer of brand-name personal care products,
today reported record sales and earnings for the second quarter and six months ended Aug.
31, 1997. Second quarter net income rose 44 percent, to a record $5,897,000, or 21 cents
per share, from $4,095,000 or 15 cents per share for the same quarter a year earlier. Second
quarter sales were a record $60,929,000, up 21 percent from sales of $50,491,000 for the
like period of the prior year. Earnings per share have been restated to reflect a 2-for-1 stock
split paid Sept. 22, 1997 as a 100 percent stock dividend on common stock.
Net income for the first half increased 45 percent, to $9,449,000 or 33 cents per share,
restated for the stock split, from $6,497,000 or 24 cents per share in the comparable period
last year. First half sales climbed 20 percent to a record $113,356,000 from sales of
$94,327,000 for last year's first half. |
