Helen Of Troy Revises Earnings Outlook – Quick Facts
Helen of Troy Limited (HELE) announced, reflecting the impact of share repurchases in the first quarter of fiscal 2019, the company now expects fiscal year 2019 consolidated GAAP EPS from continuing operations of $6.27 to $6.42 and non-GAAP adjusted EPS from continuing operations in the range of $7.45 to $7.70. For fiscal 2019, the company continues to expect consolidated net sales revenue in the range of $1.485 to $1.510 billion, which implies consolidated sales growth of 0.4% to 2.1% after accounting for the expected impact from the adoption of ASU 2014-09 “Revenue from Contracts with Customers” in fiscal 2019 with conforming reclassifications to fiscal 2018.
For the first-quarter, adjusted income from continuing operations increased 30.1%, to $49.8 million, or $1.87 per diluted share, compared to $38.3 million, or $1.41 per diluted share, prior year. The company said the 32.6% increase in adjusted diluted EPS from continuing operations primarily reflects the impact of higher adjusted operating income in all three of its business segments, lower interest expense and lower weighted average diluted shares outstanding year-over-year.
First-quarter consolidated net sales revenue increased 9.0% to $354.7 million compared to $325.5 million, which includes a core business increase of 7.9% primarily due to growth in international sales, new product introductions, an increase in domestic brick and mortar sales, and strong growth in online sales.
by RTTNews Staff Writer
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