Company News

Helen of Troy Reports a Surge in Net Income

But beauty gadget maker reports a slight decline in sales.

Author Image

By: TOM BRANNA

Editor

Apparently, the recession has consumers cutting back on hair styling gizmos too. Helen of Troy Limited, a designer, developer and worldwide marketer of brand-name personal care and household consumer products, announced first quarter sales declined 0.8% to $143.8 million. However, first quarter net earnings rose 161% to $14.5 million. First quarter net earnings for the prior year included several significant items including non-cash impairment charges of $7,605,000. First quarter sales in t...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters