Second quarter consolidated revenue at Helen of Troy increased 5.2% as revenue growth in the company’s Housewares division and Beauty division offset a decline in the Health & Home division.
Helen of Troy
The housewares division of Helen of Troy, home to Oxo and Hydro Flask, has promoted Mike Wallenfels to the newly created divisional role of svp/global sales.
With a focus on helping consumers have a better night’s sleep, the new Honeywell DreamWeaver Sleep Fan uses a combination of sound and airflow that is said by the company to create the optimal sleep environment.
Helen of Troy is looking to sell key brands in its personal care business, but does not include its assortment of beauty care appliances, the company announced on Monday, March 11.
Second quarter net revenue at Helen of Troy was up more than 14% as strong growth in the company’s housewares and health and home divisions were the key drivers.
As it continued to implement its Project Refuel strategy to streamline the business, Helen of Troy reported fourth quarter sales growth driven by its health and home and housewares divisions.
Helen of Troy has reported overall sales growth of 2.6% in the third quarter ended November 30, 2017, led by its Housewares and Home & Health segments.
Helen of Troy reported mixed results for its fourth quarter ended February 28, 2017, posting a strong increase in net income although net sales declined. The company said its housewares business showed positive growth momentum, while its health and beauty segments showed declines.