Monday November 5, 7:30 am Eastern Time
Press Release
SOURCE: Helen of Troy Limited
Helen of Troy Limited Achieves Record October Sales
and Expects Record Third Quarter Sales Results
October 2001 Was Best Sales Month in Company History.
Sales for the Third Quarter Are Also Expected to Be Best in Company
History.
EL PASO, Texas, Nov. 5 /PRNewswire/ -- Helen of Troy Limited (Nasdaq: HELE - news),
designer developer and worldwide marketer of brand-name personal care products, today
reaffirmed its full year financial performance projections.
Gerald J. Rubin, Chairman, Chief Executive and President, commenting on the Company's
sales for October said, ``This is the first time in our 33 year history that sales have exceeded
$50 million in any single month. November marks the roll-out of our national television media
advertising campaign introducing our new VS Sassoon Ion hair dryer.
We believe the VS
Sassoon Ion dryer will be well received by consumers throughout our distribution channels
this holiday season. We expect this product launch will help drive our current sales
momentum through November and beyond, resulting in record sales for the quarter. Sales for
the quarter are expected to be in the range of $131 to $137 million, or 10 to 15 percent
ahead of last year's record $119 million in third quarter sales.
``Earnings per share are expected to be in the range of 32 to 34 cents per diluted share
versus 28 cents per diluted share of earnings in last year's third quarter. This represents an
increase of 15 to 20 percent over the prior year third quarter earnings.
``Based on our third quarter performance to date, and expectations for our fourth quarter
ending February 28, 2002, we are reaffirming our full year expectation of sales between
$410 to $425 million, and full year earnings per share in the range of 82 to 92 cents per
diluted share, or 37 to 53 percent ahead of last year's 60 cents per diluted share. For fiscal
year 2003, we expect earnings per share to exceed $1.00 per diluted share.
``Based on our sales expectation, we have planned for our inventory level to be above the
prior year's, as we are now in the peak of our holiday selling season. However, by fiscal
year-end, our inventory is expected to return to approximately the same level as last year's fiscal year-end, even though sales
are expected to have increased approximately 15 to 20 percent for the year.
``We are very pleased with our expected record results for the quarter, especially in light of the current difficult retail
environment,'' Rubin concluded.
Helen of Troy's third quarter results will be released prior to the opening of trading on January 8, 2002. Members of the media,
shareholders, and the public are invited to access the live broadcast of the conference call via the Investor's Relations page of
the Company's website at
www.hotus.com .
Helen of Troy Limited is a leading designer, producer and marketer of brand name personal care products. The Company's
products include hair dryers, curling irons, hair setters, women's shavers, brushes, combs, hair accessories, home hair clippers,
mirrors, foot baths, body massagers and paraffin baths. The Company's products are sold by mass merchandisers, drug chains,
warehouse clubs and grocery stores under the licensed trade names of Vidal Sassoon, licensed from Procter & Gamble Co.,
the trademark Revlon®, licensed from Revlon Consumer Products Corporation, Dr. Scholl's®, licensed from Schering-Plough
HealthCare Products, Inc., the trademark BARBIE(TM), owned by and used under license from Mattel, Inc., and Sunbeam®
and Oster® brands, licensed from Sunbeam Corporation. Helen of Troy's owned trade names include Dazey, Caruso, Karina
and DCNL. The Company also markets hair and beauty care products under the Helen of Troy, Hot Tools, Hot Spa, Salon
Edition, Gallery Series, Wigo and Ecstasy trademarks to the professional beauty salon industry.
SOURCE: Helen of Troy Limited
Der Chart sieht ganz gut aus, auf den ersten Blick.
Komisch, irgendwie ist mir gestern auch Flextronics auch über den Weg gelaufen, wollte sie mir auch mal näher anschauen.
Gruß Hans-Udo
