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HELEN OF TROY THIRD QUARTER EARNINGS JUMP 94 PERCENT

 HELEN OF TROY THIRD QUARTER EARNINGS JUMP 94 PERCENT
 EL PASO, Texas, Jan. 8 /PRNewswire/ -- Helen of Troy Corporation


(NASDAQ: HELE), developer, designer and marketer of personal care products, today reported net earnings increases of 94 percent for the third quarter and 48 percent for the nine months ended Nov. 30, 1991.
 Third quarter net income was $3,278,000 or 70 cents per share on net sales of $42,440,000 compared with net income of $1,691,000 or 36 cents per share on sales of $40,029,000 in the prior year's quarter.
 Nine-month net income was $5,983,000 or $1.31 per share on net revenue of $98,149,000 vs. net earnings of $4,050,000 or 79 cents per share on revenues of $95,726,000 in the same period a year earlier.
 Prior year results for the quarter included a $1,450,000 pre-tax charge to increase the company's reserve for uncollectible accounts, largely for Best Products, Inc., which filed for bankruptcy protection.
 Gerald J. Rubin, chairman and chief executive officer, noted that inventory levels had declined by 30 percent from last fiscal year end "as part of management's plan to reduce inventory during fiscal 1992. Third quarter interest expense declined $477,000 of 67 percent, also in part because of the reduction in inventory.
 "Much of the projected increase for next year will come from new products and new markets," Rubin pointed out. "After three years of development, we are about to roll out our Sable line of hair care appliances, designed especially for African-American customers. And, the product and sales groundwork has been laid for our European operations, which should make a significant sales contribution next year."
 Helen of Troy's products include hand-held hair dryers, curling, styling and brush irons, hairsetters, lighted mirrors and combs and brushes under the Vidal Sassoon, Helen of Troy and Sable brand names.
 HELEN OF TROY CORPORATION
 Comparative Analysis (Unaudited)
 Periods ended Three months Nine months
 Nov. 30 1991 1990 1991 1990
 Net sales $42,440,000 $40,029,000 $98,149,000 $95,726,000
 Net earnings 3,278,000 1,691,000 5,983,000 4,050,000
 Earnings per share $.70 $.36 $1.31 $.79
 Weighted average
 of shares
 outstanding 4,685,249 4,672,602 4,573,325 5,096,647
 -0- 1/8/92
 /CONTACT: Zeke Rose of Porter, Le Vay & Rose, Inc., 212-564-4700, for Helen of Troy/
 (HELE) CO: Helen of Troy Corporation ST: Texas IN: HOU SU: ERN


KD-SM -- NY070 -- 7689 01/08/92 10:29 EST
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Publication:PR Newswire
Date:Jan 8, 1992
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