Press release
Helen of Troy Limited Reports Third Quarter Fiscal 2020 Results
Consolidated Net Sales Growth of 10.1%; Core Business Net Sales Growth of 10.7% GAAP Diluted Earnings Per Share ("EPS") from Continuing Operations of $2.71
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Growth of 10.1%; Core Business Net Sales Growth of 10.7%\nGAAP Diluted Earnings Per Share (\"EPS\") from Continuing Operations of $2.71\nAdjusted Diluted EPS from Continuing Operations of $3.12; Growth of 30.0%\nRaises Fiscal 2020 GAAP Diluted EPS from Continuing Operations Outlook to $7.29 - $7.45\nRaises Fiscal 2020 Adjusted Diluted EPS from Continuing Operations Outlook to $8.90 - $9.10\nRaises Fiscal 2020 Consolidated Net Sales Growth Outlook to 5.5% - 7.1%\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 November 30, 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 – Third Quarter of Fiscal 2020\n\n\n\nConsolidated net sales revenue increase of 10.1%, including:\n\n\nAn increase in Leadership Brand net sales of 10.6%\n\n\nAn increase in online channel net sales of approximately 30%\n\n\nCore business growth of 10.7%\n\n\n\n\n\n\nGAAP operating income of $79.3 million, or 16.7% of net sales, compared to GAAP operating income of $61.3 million, or 14.2% of net sales, for the same period last year\n\n\nNon-GAAP adjusted operating income increase of 27.8% to $90.3 million, or 19.0% of net sales, compared to $70.6 million, or 16.4% of net sales, for the same period last year\n\n\nGAAP diluted EPS from continuing operations of $2.71, compared to GAAP diluted EPS of $2.06 for the same period last year\n\n\nNon-GAAP adjusted diluted EPS from continuing operations increase of 30.0% to $3.12, compared to $2.40 for the same period last year\n\n\n\nJulien R. Mininberg, Chief Executive Officer, stated: “We are very pleased to report another strong quarter. Our Phase II Transformation initiatives continue to produce results, with consolidated core business sales growth of 10.7%, increased adjusted operating margin in all three of our business segments, and adjusted diluted EPS growth of 30%. Our Leadership Brands sales gre...