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Helen of Troy Limited (HELE) announced its financial results for the second quarter ended August 31, 2009. Second quarter sales increased 5.6% to $162.2 million versus sales of $153.5 million in the same period of the prior year. Second quarter net earnings increased 50.1% to $15.9 million, or $0.51 per fully diluted share, compared with $10.6 million, or $0.34 per fully diluted share, for the same period a year earlier. This beat analysts' estimates of $0.39 per share handily. Gerald Rubin, Chairman, CEO and President of Helen of Troy, commented in a conference call today, "Although the worldwide retail environment continues to be challenging, our leadership position in our market segments allowed us to continue to perform well during the quarter. We reported record sales for Q2 and six months. Second quarter net earnings increased 50.1%, and net earnings for the first half increased 88% versus the same period last year" Tom Benson, CFO of Helen of Troy, explained, "The increase in net sales reflects the impact of strategic acquisitions and continued growth in our Housewares segment. Sales growth was partially offset by the strengthening of the U.S. dollar and the continued impact of the recession on consumer demand, particularly in our appliance and accessory product categories." He added, "Net earnings growth was driven by sales growth, lower SG&A expenses and lower interest and income tax expense." Mr. Rubin concluded, "We are well positioned as we move into the holiday selling season." KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC. ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information. If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx For full details on Helen Of Troy Ltd (HELE) click here. Helen Of Troy Ltd (HELE) has Short Term PowerRatings of 6. Details on Helen Of Troy Ltd (HELE) Short Term PowerRatings is available at This Link.
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