Press release
Helen of Troy Limited Reports Second Quarter Fiscal 2020 Results
Consolidated Net Sales Growth of 5.2%; Core Business Net Sales Growth of 5.7% GAAP Diluted Earnings Per Share ("EPS") from Continuing Operations of $1.83
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Growth of 5.2%; Core Business Net Sales Growth of 5.7%\nGAAP Diluted Earnings Per Share (\"EPS\") from Continuing Operations of $1.83\nAdjusted Diluted EPS from Continuing Operations of $2.24; Growth of 13.1%\nRaises Fiscal 2020 GAAP Diluted EPS from Continuing Operations Outlook to $6.84 - $7.04\nRaises Fiscal 2020 Adjusted Diluted EPS from Continuing Operations Outlook to $8.50 - $8.75\nRaises Fiscal 2020 Consolidated Net Sales Growth Outlook to 2.9% - 4.8%\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 August 31, 2019. Following the divestiture of Healthy Directions on December 20, 2017, the Company no longer consolidates the Nutritional Supplements segment’s operating results. That former segment’s operating results are included in the Company’s financial statements and classified as discontinued operations for all periods presented.\n\n\nExecutive Summary – Second Quarter of Fiscal 2020\n\n\n\nConsolidated net sales revenue increase of 5.2%, including:\n\n\nAn increase in Leadership Brand net sales of 3.8%\n\n\nAn increase in online channel net sales of approximately 25%\n\n\nCore business growth of 5.7%\n\n\n\n\n\n\nGAAP operating income of $54.5 million, or 13.2% of net sales, which includes pre-tax restructuring charges of $0.4 million, compared to GAAP operating income of $50.7 million, or 12.9% of net sales, for the same period last year, which included pre-tax restructuring charges of $0.9 million\n\n\n\n\nNon-GAAP adjusted operating income increase of 10.4% to $65.8 million, or 15.9% of net sales, compared to $59.6 million, or 15.1% of net sales, for the same period last year\n\n\n\n\nGAAP diluted EPS from continuing operations of $1.83, which includes an after-tax restructuring charge of $0.01 per share, compared to GAAP diluted EPS of $1.66 for the same period last year, which included an after-tax restructuring charge of $0.03 per share\n\n\n\n\nNon-GAAP adjusted diluted EPS from continuing operations increase of 13.1% to $2.24, compared to $1.98 for the same period last year\n\n\n\nJulien R. Mininberg, Chief Executive Officer, stated: \"We are pleased with our second quarter financial perfor...