Helen Of Troy Ltd (HELE) Misses Q1 EPS by 10c; Issues Mixed Outlook

Helen Of Troy Ltd (NASDAQ: HELE) reported Q1 EPS of $0.83, $0.10 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $311.8 million versus the consensus estimate of $314.55 million.

Helen Of Troy Ltd sees FY2015 EPS of $4.02-$4.12, versus the consensus of $4.38. Helen Of Troy Ltd sees FY2015 revenue of $1.325-1.375 billion, versus the consensus of $1.35 billion.

We are off to a solid start in fiscal year 2015. During the quarter, we increased our net sales revenue by 2.4% and managed expenses well to deliver adjusted EBITDA of $41.9 million and adjusted diluted EPS of $0.83,” stated Julien R. Mininberg, Chief Executive Officer. “During the quarter, we continued our efforts to transform our organization and reinvigorate our culture. We also advanced our goal of accelerating and sustaining organic growth by investing prudently in our strongest businesses. We saw a double digit increase in our Healthcare/Home Environment segment revenues and a solid increase in our Housewares segment revenues on top of strong gains in the prior year in both of these segments. We further engaged in shareholder friendly capital allocation policies through the repurchase of 4.2 million shares and the completion of the acquisition of Healthy Directions at the end of June, adding a growing business that is accretive to our gross margin, adjusted EBITDA and adjusted diluted EPS. Our Personal Care segment continued to deliver strong cash flow; however as anticipated, sales trailed the prior year quarter. To unlock more of this segment’s cash flow generation capability and achieve organic growth, we are focused on increasing product innovation, adding additional talent and redirecting our existing resources to the strongest opportunities. I believe we are well positioned to achieve the objectives we have set for ourselves this year. We are keenly focused on our goals and priorities for the future as we work to drive sustainable sales and earnings growth for many years to come.”

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

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