Helen of Troy Limited Reports Record Net Sales Revenue and Record Net Income for Three and Twelve Month Periods Ended February

  Helen of Troy Limited Reports Record Net Sales Revenue and Record Net Income
  for Three and Twelve Month Periods Ended February 28, 2013

Business Wire

EL PASO, Texas -- April 29, 2013

Helen of Troy Limited (NASDAQ, NM: HELE), designer, developer and worldwide
marketer of brand-name household, personal care and healthcare/home
environment consumer products, today reported record results for the three and
twelve month periods ended February 28, 2013.

Gerald J. Rubin, Chairman, Chief Executive Officer and President, commenting
on the Company's fiscal 2013 fourth quarter results, stated, “I am pleased to
report a solid quarter, where all three of our operating segments contributed
to a double digit increase in consolidated net sales compared to the same
period last year. Amidst a challenging retail sales environment we continued
to diligently control our costs and increased our operating income compared to
the fourth quarter of last year, even as we continued to make long-term
investments in our business. The fourth quarter caps off a solid year of
performance for our Company, where we made further progress on many of our
long-term strategic business objectives and achieved overall organic growth
for the second consecutive year. Our business is solid and continued to
generate strong cash flow in fiscal 2013, providing significant resources to
pursue our growth objectives.”

Mr. Rubin continued, “Looking ahead to fiscal year 2014, we have confidence in
our ability to leverage our portfolio of leading brands for long-term growth.
While the global economic environment is mixed, we remain keenly focused on
executing our growth strategies and controlling our costs. We will continue to
invest in organic growth while evaluating accretive acquisitions that
complement, and further diversify, our portfolio of global consumer products
and brands.”

Consolidated Fourth Quarter Operating Results

  *Net sales revenue increased 10.9% to a record $326.0 million compared to
    $294.0 million in the fourth quarter of fiscal 2012.
  *Gross profit margin as a percentage of net sales revenue was 40.4%
    compared to 41.9% for the same period last year, reflecting product cost
    increases across all segments.
  *Selling, general and administrative expense as a percentage of net sales
    revenue was 28.2% compared to 29.4% for the same period last year, a
    decrease of 120 basis points, reflecting the benefits of expense leverage
    and third party transition service expenses related to the PUR acquisition
    incurred last year, but not repeated this year.
  *Operating income was $39.7 million compared to $36.6 million in the same
    period last year, an increase of 8.7%.
  *EBITDA without non-cash share-based compensation was $50.0 million
    compared to $46.3 million in the same period last year, an increase of
    8.0%. (See “Reconciliation of Non-GAAP Financial Measures – EBITDA and
    EBITDA without non-cash share-based compensation” below.)
  *Record net income was $31.5 million, or $0.98 per fully diluted share on
    32.1 million weighted average shares outstanding, which compares to net
    income in the fourth quarter of fiscal 2012 of $29.3 million, or $0.92 per
    fully diluted share on 31.8 million weighted average shares outstanding,
    an increase in net income of 7.5% and in earnings per fully diluted share
    of 6.5%.

Consolidated Twelve-Month Operating Results

  *Net sales revenue increased 9.0% to a record $1.29 billion compared to
    $1.18 billion in fiscal 2012.
  *Gross profit margin as a percentage of net sales revenue was 40.2%
    compared to 40.5% in fiscal 2012, reflecting the unfavorable impact of
    foreign currency exchange rates and product cost increases across all
    segments.
  *Selling, general and administrative expense as a percentage of net sales
    revenue of 28.7% was flat compared to fiscal 2012.
  *Operating income was $148.8 million compared to $139.4 million in fiscal
    2012, an increase of 6.7%.
  *EBITDA without non-cash share-based compensation was $190.0 million
    compared to $171.8 million in fiscal 2012, an increase of 10.6%. (See
    “Reconciliation of Non-GAAP Financial Measures – EBITDA and EBITDA without
    non-cash share-based compensation” below.)
  *Record net income was $115.7 million, or $3.62 per fully diluted share on
    31.9 million weighted average shares outstanding, which compares to net
    income in fiscal 2012 of $110.4 million, or $3.48 per fully diluted share
    on 31.7 million weighted average shares outstanding, an increase in net
    income of 4.8% and in earnings per fully diluted share of 4.0%.

Balance Sheet Highlights

  *Cash and equivalents totaled $12.8 million compared to $21.8 million at
    February 29, 2012.
  *Receivables turnover improved to 60.6 days, from 62.5 days at February 29,
    2012.
  *Inventory was $280.9 million compared to $246.1 million at February 29,
    2012, reflecting the purchase of PUR inventories during the second fiscal
    quarter, advance purchases of PUR inventory in the second half of the
    fiscal year in anticipation of a change in a third-party manufacturer in
    fiscal year 2014 and additional inventory holdings in anticipation of the
    Chinese New Year.

Fiscal 2014 Annual Outlook

For fiscal year 2014, the Company expects net sales revenue in the range of
$1.29 billion to $1.32 billion, and earnings per fully diluted share in the
range of $3.50 to $3.60. The earnings guidance reflects the negative impact of
the difficult retail environment, a conservative approach to the
cold/cough/flu season, product cost increases across all segments and an
increase in non-cash compensation expense for the Company’s CEO. The Company
expects capital expenditures for fiscal year 2014 to be in the range of $40
million to $45 million, with approximately $33 million related to the
completion of the Company’s new 1.3 million square foot distribution center in
Olive Branch, Mississippi.

Conference Call and Webcast

The Company will conduct a teleconference in conjunction with today's earnings
release. The teleconference begins at 4:45 pm Eastern Time today, Monday,
April 29, 2013. Institutional investors and analysts interested in
participating in the call are invited to dial (888) 359-3624. The conference
call will also be available to interested parties through a live webcast at
www.hotus.com. Please visit the website and select the “Investor Relations”
link at least 15 minutes prior to the start of the call to register and
download any necessary software.

A telephone replay of the call will be available until May 6, 2013, by dialing
(877) 870-5176 (domestic) or (858) 384-5517 (international) and entering the
conference replay number: 4022910. Please note participants must enter the
conference identification number in order to access the replay.

About Helen of Troy Limited:

Helen of Troy Limited is a leading global consumer products company offering
creative solutions for its customers through a strong portfolio of
well-recognized and widely-trusted brands, including: Housewares: OXO®, Good
Grips®, Soft Works®, OXO tot® and OXO Steel®; Personal Care: Revlon®, Vidal
Sassoon®, Dr. Scholl's®, Pro Beauty Tools®, Sure®, Pert®, Infusium23®, Brut®,
Ammens®, Hot Tools®, Bed Head®, Karina®, Ogilvie® and Gold 'N Hot®; and
Healthcare/Home Environment: Vicks®, Braun®, Honeywell®, PUR®, Febreze®,
Stinger®, Duracraft® and SoftHeat®. The Revlon® trademark is used under
license from Revlon Consumer Products Corporation. The Vidal Sassoon®, Vicks®,
Braun® and Febreze® trademarks are used under license from The Procter &
Gamble Company. The Dr. Scholl's® trademark is used under license from MSD
Consumer Care, Inc. The Honeywell® trademark is used under license from
Honeywell International Inc. The Bed Head® trademark is used under license
from Unilever PLC.

For more information, please visit www.hotus.com.

Forward Looking Statements:

This press release may contain forward-looking statements, which are subject
to change. The forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Any or all
of the forward-looking statements may turn out to be wrong. They can be
affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many of these factors will be important in determining the
Company's actual future results. Consequently, no forward-looking statement
can be guaranteed. Actual future results may vary materially from those
expressed or implied in any forward-looking statements. The forward-looking
statements are qualified in their entirety by a number of risks that could
cause actual results to differ materially from historical or anticipated
results. Generally, the words "anticipates", "estimates", "believes",
"expects", "plans", "may", "will", "should", "seeks", "project", "predict",
"potential", "continue", "intends", and other similar words identify
forward-looking statements. The Company cautions readers not to place undue
reliance on forward-looking statements. The Company intends its
forward-looking statements to speak only as of the time of such statements,
and does not undertake to update or revise them as more information becomes
available. The forward-looking statements contained in this press release
should be read in conjunction with, and are subject to and qualified by, the
risks described in the Company's Form10-K for the year ended February 28,
2013 and in our other filings with the SEC. Investors are urged to refer to
the risk factors referred to above for a description of these risks. Such
risks include, among others, the departure and recruitment of key personnel,
the Company's ability to deliver products to our customers in a timely manner,
the Company's geographic concentration of certain U.S. distribution
facilities, which increases our exposure to significant shipping disruptions
and added shipping and storage costs, delays in construction of the Company’s
new distribution facility or difficulties encountered during the transition to
the new facility could interrupt the Company’s logistical systems and cause
shipping disruptions, the Company's projections of product demand, sales, net
income and earnings per share are highly subjective and our future net sales
revenue, net income and earnings per share could vary in a material amount
from such projections, expectations regarding acquisitions and the integration
of acquired businesses, the Company's relationship with key customers and
licensors, the costs of complying with the business demands and requirements
of large sophisticated customers, the Company's dependence on foreign sources
of supply and foreign manufacturing, the impact of changing costs of raw
materials and energy on cost of goods sold and certain operating expenses,
circumstances that may contribute to future impairment of goodwill, intangible
or other long-lived assets, the risks associated with the use of trademarks
licensed from and to third parties, our dependence on the strength of retail
economies and vulnerabilities to an economic downturn, the Company's ability
to develop and introduce innovative new products to meet changing consumer
preferences, disruptions in U.S., European and other international credit
markets, exchange rate risks, trade barriers, exchange controls,
expropriations, and other risks associated with foreign operations, the
Company's debt leverage and the constraints it may impose, the costs,
complexity and challenges of upgrading and managing our global information
systems, the risks associated with information security breaches, the risks
associated with tax audits and related disputes with taxing authorities,
potential changes in laws, including tax laws, and the Company's ability to
continue to avoid classification as a controlled foreign corporation.


HELEN OF TROY LIMITED AND SUBSIDIARIES

Consolidated Condensed Statements of Income
(unaudited)
(in thousands, except per share data)
                                                               
                Three Months ended the last day of February     Fiscal years ended the last day of February
                 2013                   2012                    2013                     2012
Sales revenue,   $ 326,042    100.0 %   $ 294,004    100.0 %   $ 1,288,263    100.0 %   $ 1,181,676    100.0 %
net
Cost of goods     194,462   59.6  %    170,897   58.1  %    770,052     59.8  %    703,192     59.5  %
sold
Gross profit       131,580     40.4  %     123,107     41.9  %     518,211       40.2  %     478,484       40.5  %
                                                                                                           
Selling,
general, and      91,848    28.2  %    86,552    29.4  %    369,438     28.7  %    339,098     28.7  %
administrative
expense
Operating         39,732    12.2  %    36,555    12.4  %    148,773     11.5  %    139,386     11.8  %
income
                                                                                                           
Other income
(expense):
Nonoperating
income             48          0.0   %     (52     )   0.0   %     86            0.0   %     (377      )   0.0   %
(expense), net
Interest          (3,671  )  -1.1  %    (3,265  )  -1.1  %    (13,345   )  -1.0  %    (12,917   )  -1.1  %
expense
Total other       (3,623  )  -1.1  %    (3,317  )  -1.1  %    (13,259   )  -1.0  %    (13,294   )  -1.1  %
expense
Income before      36,109      11.1  %     33,238      11.3  %     135,514       10.5  %     126,092       10.7  %
income taxes
                                                                                                           
Income tax        4,602     1.4   %    3,941     1.3   %    19,848      1.5   %    15,718      1.3   %
expense
Net income       $ 31,507    9.7   %   $ 29,297    10.0  %   $ 115,666     9.0   %   $ 110,374     9.3   %
                                                                                                           
                                                                                                           
Diluted
earnings per     $ 0.98                  $ 0.92                  $ 3.62                    $ 3.48
share
                                                                                                           
Weighted
average shares
of common
stock used in      32,089                  31,766                  31,936                    31,705
computing
diluted
earnings per
share


                                         
HELEN OF TROY LIMITED AND SUBSIDIARIES
                                            
Selected Consolidated Balance Sheet Information
(unaudited)
(in thousands)
                                            
                              2/28/2013    2/29/2012
                                            
Cash and cash equivalents     $ 12,842      $ 21,846
                                            
Receivables                     219,719       195,283
                                            
Inventory                       280,872       246,142
                                            
Total assets, current           545,205       488,536
                                            
Total assets                    1,474,004     1,435,723
                                            
Total liabilities, current      308,665       378,889
                                            
Total long-term liabilities     238,733       260,105
                                            
Stockholders' equity            926,606       796,729


SELECTED OTHER DATA (in thousands) (unaudited)
Reconciliation of Non-GAAP Financial Measures - EBITDA (Earnings Before
Interest, Taxes, Depreciation and Amortization) and
EBITDA without non-cash share-based compensation
                                                   
                           Three Months ended         Fiscal years ended
                           the last day of February   the last day of February
                                                               
                           2013         2012        2013          2012
                                                                 
Net income                 $  31,507     $  29,297    $  115,666     $ 110,374
                                                                     
Interest expense, net         3,651         3,246        13,270        12,619
                                                                     
Income tax expense            4,602         3,941        19,848        15,718
                                                                     
Depreciation and             8,737        9,112       35,328       30,178
amortization
                                                                     
EBITDA (Earnings before
interest, taxes,           $  48,497     $  45,596    $  184,112     $ 168,889
depreciation and
amortization)
                                                                     
EBITDA without non-cash
share-based
compensation:
                                                                     
EBITDA, as calculated      $  48,497     $  45,596    $  184,112     $ 168,889
above
                                                                     
Add: Non-cash                1,496        697         5,913        2,928
share-based compensation
                                                                     
EBITDA without non-cash    $  49,993     $  46,293    $  190,025     $ 171,817
share-based compensation
                                                                       

The above table of SELECTED OTHER DATA and the accompanying press release
include non-GAAP measures. EBITDA and EBITDA without non-cash share-based
compensation that are discussed in the accompanying press release or in the
preceding table may be considered non-GAAP financial information as
contemplated by SEC Regulation G, Rule 100. Accordingly, we are providing the
preceding table that reconciles these measures to their corresponding GAAP
based measures presented in our Consolidated Condensed Statements of Income in
the accompanying table to the press release. The Company believes that these
non-GAAP measures provide useful information to management and investors
regarding financial and business trends relating to its financial condition
and results of operations. The Company believes that these non-GAAP measures,
in combination with the Company's financial results calculated in accordance
with GAAP, provides investors with additional perspective. The Company further
believes that the items excluded from certain non-GAAP measures do not
accurately reflect the underlying performance of its continuing operations for
the period in which they are incurred, even though some of these excluded
items may be incurred and reflected in the Company's GAAP financial results in
the foreseeable future. The material limitation associated with the use of the
non-GAAP financial measures is that the non-GAAP measures do not reflect the
full economic impact of the Company's activities. These non-GAAP measures are
not prepared in accordance with GAAP, are not an alternative to GAAP financial
information, and may be calculated differently than non-GAAP financial
information disclosed by other companies. Accordingly, undue reliance should
not be placed on non-GAAP information.

Contact:

Helen of Troy Limited
John Boomer
Senior Vice President
915-225-8050
or
Investor:
ICR, Inc.
Allison Malkin / Anne Rakunas
203-682-8200 / 310-954-1113