Helen Of Troy (HELE) Tops Q3 EPS by 14c; Reaffirms Outlook

Helen Of Troy (NASDAQ: HELE) reported Q3 EPS of $2.07, $0.14 better than the analyst estimate of $1.93. Revenue for the quarter came in at $445.5 million versus the consensus estimate of $440.61 million.

GUIDANCE:

Helen Of Troy sees Q4 2016 EPS of $5.50-$5.85, versus the consensus of $5.66.

Julien R. Mininberg, Chief Executive Officer, stated: “We are pleased with our third quarter performance, which we believe has us solidly on track to achieve our annual goals. Sales grew 2.3% despite a foreign currency drag of 2.0% and we made further progress toward our seven key strategic priorities that are guiding our multi-year transformation. We are seeing improved organic growth from our efforts to improve innovation, which led to strong growth in the Health & Home segment despite foreign currency exposure and the comparison to a strong performance in the third quarter last year. In our Beauty segment, we are seeing a favorable response to new product introductions and improved branding in appliances. Our Housewares segment’s growth included its first foray into kitchen electronics and metal bakeware. Nutritional Supplements saw a decline in the quarter, as it continues to shift emphasis from its direct mail and print newsletter subscription business to online and auto delivery. We are pleased to deliver adjusted diluted EPS of $2.07, overcoming foreign currency headwinds that have been greater than expected. Based on our performance to date and the continued progress we are making on our key initiatives, we are maintaining our full year outlook even as we have experienced a slow start to the cold and flu season, experience more significant foreign exchange pressures, and see considerable variability in the retail environment.”

For earnings history and earnings-related data on Helen Of Troy (HELE) click here.

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