Categories AlphaGraphs, Consumer, Earnings

Helen of Troy delivers an earnings surprise In Q3

Helen of Troy (HELE) on Tuesday reported third-quarter earnings that surpassed analysts’ expectations. The maker of consumer products said its adjusted earnings declined 4% to $2.40 per share, higher than $2.16 per share expected by analysts.

Consolidated net sales revenue rose 2.4% to $431.1 million driven by growth in Housewares segment and online sales. This came above analysts’ consensus of $420.2 million.

Helen of Troy 3Q19 earnings snapshot

Total online sales for the quarter jumped 6%, and currently constitutes 18% of the company’s total net sales. HELE shares jumped 2.2% following the results.

CEO Julien R. Mininberg said, “We will focus on driving further improvements to our current businesses, our geographic footprint, our global shared services, and the overall strength of our organization. We will also seek to add to our Leadership Brand portfolio through acquisition.”

Helen of Troy narrowed its consolidated net sales revenue outlook for fiscal 2019 to $1.535 to $1.550 billion, representing a 3.8% to 4.8% growth. The company lowered its outlook for Housewares and Health & Home segments.

Helen of Troy smashes market estimates; raises outlook

Housewares sales are now projected to grow between 11% and 13%, compared to the prior range of 9% to 11%, while Health  & Home sales growth is anticipated between 2% and 4%, compared to the prior guidance of 5% To 7%.

Beauty segment will see a net sales decline in the low- to mid-single digits, as projected earlier.

Helen of Troy now expects GAAP diluted EPS from continuing operations of $6.35 to $6.51 for the full year, and non-GAAP adjusted diluted EPS from continuing operations in the range of $7.70 to $7.95,


Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference, and much more!

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Viewing Highlight