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Helen of Troy expects EPS of $3.42 to $3.52

Staff writer ▼ | September 4, 2014
Helen of Troy for fiscal year 2015 expects net sales revenue excluding Healthy Directions in the range of $1.275 to $1.30 billion, and diluted EPS (GAAP) in the range of $3.42 to $3.52.
Helen of Troy
Expectations   Fiscal year 2015 at Helen of Troy
This includes after-tax non-cash asset impairment charges of $0.28 per share.

Excluding the non-cash asset impairment charges, diluted EPS without significant items (non-GAAP) is expected to be in the range of $3.70 to $3.80, which compares to the prior diluted EPS outlook of $4.30 to $4.40. Projected sales and diluted EPS (GAAP) from the Healthy Directions acquisition is expected to be in the range of $100 million to $105 million and $0.12 to $0.16, respectively, for the remaining eight months of the fiscal year since acquisition.

Healthy Directions diluted EPS without significant items (non-GAAP), which excludes acquisition-related expenses of $0.08 per share, is expected to be in the range of $0.20 to $0.24. The Company now expects consolidated net sales revenue including Healthy Directions in the range of $1.375 to $1.405 billion. Including Healthy Directions, consolidated diluted EPS excluding significant items (non-GAAP) is now expected to be in the range of $3.90 to $4.04.

Cash EPS excluding Healthy Directions is now expected to be in the range of $4.55 to $4.65, which excludes after-tax non-cash asset impairment charges, intangible asset amortization expense, and non-cash share-based compensation expense. This compares to the prior Cash EPS outlook in the range of $5.15 to $5.25, which did not include any impact of the Healthy Directions acquisition.

Consolidated Cash EPS including Healthy Directions is expected to be in the range of $4.87 to $5.01. The diluted EPS outlook is based on an estimated weighted average shares outstanding of 29.2 million for the full fiscal year 2015, which includes the impact of the “Dutch auction” tender offer completed on March 14, 2014, as well as an additional buyback of $25.8 million in the first quarter of fiscal year 2015, as previously disclosed.


 

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