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Helen of Troy net sales down 0.2 percent

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Staff Writer | January 6, 2017
Helen of Troy
Home products   Consolidated gross profit margin improved

Helen of Troy Limited reported results for the three-month period ended November 30, 2016.

Consolidated net sales decline of 0.2%, which includes the negative impacts of approximately 1.6 percentage points from Venezuela re-measurement, 0.8 percentage points from foreign currency fluctuations and 2.4 percentage points from business rationalization.

Other highlights:

Consolidated gross profit margin expansion of 2.7 percentage points; 1.2 percentage point expansion from the core business.

Reported operating income of $63.3 million, or 14.2% of net sales, including an unfavorable impact of 0.5 percentage points from Venezuela, compared to $55.6 million, or 12.5% of net sales in the same period last year.

Non-GAAP adjusted operating income of $73.4 million compared to $71.4 million in the same period last year, an increase in adjusted operating margin of 0.5 percentage points, including an unfavorable impact of 0.4 percentage points from Venezuela.

Cash flow from operations increase of $32.0 million, or 149%, to $53.5 million from $21.5 million in the same period last yea

Reported diluted EPS of $2.07, an increase of 27.0% from $1.63 in the same period last year.

Non-GAAP adjusted diluted EPS of $2.37, an increase of 14.5% from $2.07 in the same period last year.

Updates fiscal year 2017 net sales revenue guidance to a range of $1.520 to $1.550 billion from a range of $1.550 to $1.590 billion due primarily to expected continued weakness of the cough/cold/flu season.

Raises fiscal year 2017 GAAP diluted EPS guidance to a range of $4.72 to $4.92 from a range of $4.37 to $4.77.

Raises fiscal year 2017 non-GAAP adjusted diluted EPS to a range of $6.20 to $6.50 from a range of $5.85 to $6.35.


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