Helen of Troy Q4 and 2007
This article was originally published in The Rose Sheet
Executive Summary
Revenue grew 7% to $143.8 mil. during the fourth quarter (ended Feb. 28) on sales of personal-care appliances in Europe and the U.S., firm reports May 11. The quarter marked the completion of the product development process for the new Bed Head by TIGI line, expected to launch during Q2, CEO Gerald J. Rubin says. The company announced last year that it would unveil products under the Bed Head and Toni & Guy brands (1"The Rose Sheet" Dec. 18, 2006, In Brief). 2007 sales grew 7.7% to $634.9 mil. on increases in all areas of business, firm says. In 2008, Helen of Troy will focus on domestic placement of Bed Head and on international sales of Toni & Guy, with sales expected to top $660 mil. The recent acquisition of Belson Products also will provide "additional growth opportunity" for the professional appliance division, Rubin adds (2"The Rose Sheet" May 14, 2007, In Brief)...