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Helen of Troy Limited, (HELE) a renowned consumer products company, has announced its financial results for the fiscal year ended February 28, 2023. The company reported a net income of $143.3 million, demonstrating a decrease compared to the previous year. Additionally, the company's revenue amounted to $2.07 billion, reflecting a slight decline compared to the previous fiscal year.
Helen of Troy Limited has disclosed its net income for the fiscal year ended February 28, 2023. The company reported a net income of $143.3 million, representing a decrease compared to the previous year's net income of $223.8 million. This decline can be attributed to various factors affecting the company's performance throughout the fiscal year.
The company's revenue for the fiscal year reached $2.07 billion, reflecting a slight decrease compared to the previous year's revenue of $2.22 billion. Despite this decline, Helen of Troy Limited maintained a strong sales performance, demonstrating resilience amidst a challenging market environment.
Helen of Troy Limited and its subsidiaries recorded total assets amounting to $2.91 billion as of February 28, 2023, compared to $2.82 billion in the previous fiscal year. The company's assets include cash and cash equivalents, receivables, inventory, prepaid expenses, and other current assets.
Regarding liabilities, the company reported total liabilities of $1.42 billion, a decrease from $1.50 billion in the previous year. These liabilities consist of accounts payable, accrued expenses, income taxes payable, long-term debt, and other liabilities.
Furthermore, Helen of Troy Limited's stockholders' equity amounted to $1.49 billion, reflecting an increase compared to $1.33 billion in the previous fiscal year. The stockholders' equity includes common stock, additional paid-in capital, accumulated other comprehensive income, and retained earnings.
Despite a decrease in net income, Helen of Troy Limited showcased a resilient performance during the fiscal year ended February 28, 2023. The company's revenue remained strong, reaching $2.07 billion. Helen of Troy Limited continues to navigate market challenges, leveraging its diverse portfolio of consumer products and focusing on strategic initiatives to drive future growth.