Helen of Troy results
This article was originally published in The Rose Sheet
Executive Summary
Personal care sales dropped 8.3% to approximately $161 mil. during the third quarter, firm reports Jan. 9. Net sales in Q3 were down 4% to $197.5 mil. Net earnings decreased 27.2% to $22.7 mil. Results were impacted by increased administrative and advertising expenses, among other factors, Helen of Troy says. Nine month sales were roughly flat at $455.2 mil., while net earnings to date were $42.7 mil., down 33.8%. Firm anticipates Q4 and FY 2006 (ending Feb. 28) revenues will be in the range of $120 mil.-$130 mil. and $575 mil.-$585 mil., respectively...