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Helen of Troy consolidated net sales down 0.3%

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Staff Writer | October 7, 2016
Helen of Troy
Helen of Troy   Reported operating income was $37.5 million

Helen of Troy Limited reported results for the three-month period ended August 31, 2016. Consolidated net sales decline of 0.3%.

This includes the negative impacts of approximately 1.6% from Venezuela, 0.6% from foreign currency fluctuations and 2.1% from business rationalization.

Hydro Flask net sales of $29.1 million and diluted EPS of $0.32

Increase in consolidated gross profit margin of 4.2 percentage points; 2.6 percentage points from the core business.

Reported operating income of $37.5 million, or 10.2% of net sales, compared to $32.4 million, or 8.8% of net sales in the same period last year.

Non-GAAP adjusted operating income of $47.9 million compared to $41.5 million in the same period last year, an increase in adjusted operating margin of 1.8 percentage points.

Cash flow from operations of $44.0 million compared to $14.4 million in the same period last year.

Reported diluted EPS of $1.00 increased 19.0% from $0.84 in the same period last year.

Non-GAAP adjusted diluted EPS of $1.31 increased 17.0% from $1.12 in the same period last year.

Adjusts fiscal year 2017 net sales revenue to a range of $1.550 to $1.590 billion from a range of $1.570 billion to $1.620 billion.

Maintains GAAP diluted EPS in a range of $4.37 to $4.77 and non-GAAP adjusted diluted EPS in a range of $5.85 to $6.35.


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