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Oct. 7, 2021, 6:59 a.m. EDT

Helen of Troy beats profit and sales expectations, boosts full-year outlook

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By Tomi Kilgore

Helen of Troy Ltd. /zigman2/quotes/205565021/composite HELE -1.53% reported Thursday fiscal second-quarter profit and revenue that fell from a year ago but beat expectations, amid strength in housewares and beauty sales, and raised its full-year outlook. Shares of the company, which brands include Vicks, Braun and Hydro Flask, were still inactive in premarket trading. Net income for the quarter to Aug. 31 fell to $51.3 million, or $2.11 a share, from $87.3 million, or $3.43 a share, in the year-ago period. Excluding non-recurring items, core earnings per share came to $2.65, beating the FactSet consensus of $2.25. Sales declined 10.5% to $475.2 million, above the FactSet consensus of $424.6 million, as housewares sales grew 6.6% to $215.2 million, health and home sales fell 33.1% to $141.5 million and beauty sales increased 0.8% to $118.5 million. For fiscal 2022, the company raised its guidance ranges for core EPS to $7.68 to $8.11 from $6.60 to $7.28 and for sales to $2.02 billion to $2.07 billion from $1.93 billion to $1.98 billion. The stock has lost 1.9% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.18% has gained 16.2%.

/zigman2/quotes/205565021/composite
US : U.S.: Nasdaq
$ 236.81
-3.69 -1.53%
Volume: 159,389
Dec. 1, 2021 4:00p
P/E Ratio
27.32
Dividend Yield
N/A
Market Cap
$5.80 billion
Rev. per Employee
$1.19M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
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