The current market environment produced overall higher demand for Helen of Troy’s housewares, health and home and beauty products, as the company posted a strong first quarter.
Helen of Troy
Helen of Troy has entered into a definitive agreement to acquire Drybar Products, which includes the Drybar trademark and other intellectual property assets associated with Drybar’s products, as well as certain related production assets and working capital.
Kaz, the home environment division of Helen of Troy, has recently introduced two new Honeywell Heaters that feature customizable heat settings and wide area oscillation.
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.
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.