Press release
Helen of Troy Limited Reports Second Quarter Fiscal 2021 Results
Consolidated Net Sales Growth of 28.2%; Organic Business Net Sales Growth of 25.7% GAAP Diluted Earnings Per Share ("EPS") of $3.43 Adjusted Diluted EPS
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Growth of 28.2%; Organic Business Net Sales Growth of 25.7%\nGAAP Diluted Earnings Per Share (\"EPS\") of $3.43\nAdjusted Diluted EPS Growth of 68.3% to $3.77\nDefers Initiation of Fiscal 2021 Outlook Due to Uncertainty from COVID-19 Pandemic\nProvides Executive Leadership Updates\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, 2020.\n\nExecutive Summary – Second Quarter of Fiscal 2021 \n\n\nConsolidated net sales revenue increase of 28.2%, including:\n\n\nAn increase in Leadership Brand net sales of 30.3%\n\n\nAn increase in online channel net sales of approximately 32%\n\n\nOrganic business net sales growth of 25.7%\n\n\nCore business net sales growth of 29.1%\n\n\n\n\nGAAP operating income of $99.3 million, or 18.7% of net sales, compared to $54.5 million, or 13.2% of net sales, for the same period last year\n\n\nNon-GAAP adjusted operating income increase of 64.9% to $108.5 million, or 20.4% of net sales, compared to $65.8 million, or 15.9% of net sales, for the same period last year\n\n\nGAAP diluted EPS of $3.43, compared to $1.83 for the same period last year\n\n\nNon-GAAP adjusted diluted EPS increase of 68.3% to $3.77, compared to $2.24 for the same period last year\n\n\nNet cash provided by operating activities for the first six months of the fiscal year of $186.3 million, compared to $38.2 million for the same period last year\n\n\nNon-GAAP free cash flow for the first six months of the fiscal year of $171.0 million, compared to $29.4 million for the same period last year\n\n\nJulien R. Mininberg, Chief Executive Officer, stated: “We delivered outstanding results in the second quarter. Our diversified brand portfolio provided trusted solutions to consumers amidst the global pandemic and the devastating wildfires in the western United States. I am very proud of our associates around the world, who perform at an elevated level every day as the resilience of our business, organization, and culture continues to be tested and confirmed. Sales growth was 28.2% and adjusted diluted EPS growth was a robust 68.3% for the quarter. Our Leadership Brands performed extremely well, with sales growing...