Press release
Helen of Troy Limited Reports First Quarter Fiscal 2021 Results
Consolidated Net Sales Growth of 11.8%; Organic Business Net Sales Growth of 11.1% GAAP Diluted Earnings Per Share ("EPS") of $2.37 Adjusted Diluted EPS
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Growth of 11.8%; Organic Business Net Sales Growth of 11.1%\nGAAP Diluted Earnings Per Share (\"EPS\") of $2.37\nAdjusted Diluted EPS Growth of 22.8% to $2.53\nDefers Initiation of Fiscal 2021 Outlook Due to Uncertainty from COVID-19 Pandemic\n\n EL PASO, Texas--(BUSINESS WIRE)--\nHelen of Troy Limited (NASDAQ: HELE), designer, developer and worldwide marketer of consumer brand-name housewares, health and home and beauty products, today reported results for the three-month period ended May 31, 2020.\n\n\nExecutive Summary – First Quarter of Fiscal 2021\n\n\n\nConsolidated net sales revenue increase of 11.8%, including:\n\n\nAn increase in Leadership Brand net sales of 15.7%\n\n\nAn increase in online channel net sales of approximately 33%\n\n\nOrganic business net sales growth of 11.1%\n\n\nCore business net sales growth of 12.2%\n\n\n\n\n\n\nGAAP operating income of $57.0 million, or 13.5% of net sales, compared to GAAP operating income of $47.2 million, or 12.5% of net sales, for the same period last year\n\n\n\n\nNon-GAAP adjusted operating income increase of 19.8% to $71.1 million, or 16.9% of net sales, compared to $59.3 million, or 15.8% of net sales, for the same period last year\n\n\n\n\nGAAP diluted EPS of $2.37, compared to GAAP diluted EPS of $1.61 for the same period last year\n\n\n\n\nNon-GAAP adjusted diluted EPS increase of 22.8% to $2.53, compared to $2.06 for the same period last year\n\n\n\n\nNet cash flow provided by operating activities of $92.8 million, compared to $15.7 million for the same period last year\n\n\n\n\nNon-GAAP free cash flow of $86.4 million, compared to $12.0 million for the same period last year\n\n\n\nJulien R. Mininberg, Chief Executive Officer, stated: “We are pleased to announce excellent first quarter results. Our diversified portfolio performed well and again demonstrated its resiliency. I could not be prouder of how our organization adapted quickly to navigate successfully in what is arguably the most challenging business environment most of us have ever seen. During the quarter we delivered consolidated net sales growth of 11.8% and adjusted diluted EPS growth of 22.8%. Our Health & Home segment led the way with sales growth of 29%. Beauty and Housewares both held up very well in the face of many store closures and the unprecedented level of unemployment and...