Helen of Troy Corp.
Tuesday announced earnings and earnings in the third quarter of its fiscal year surpassed expectations, but eased its sales outlook for the full year as a result of the deceleration of e-commerce growth in China . Shares of the consumer products company, including the Braun and Vicks brands, were still inactive in the pre-commercial trade. As at November 30, the Company had reported net income of $ 49.5 million, or $ 1.88 per share, compared with a loss of $ 30.4 million, or $ 1.12 per share, same period of the previous financial year. Excluding non-recurring items, adjusted earnings per share from continuing operations increased from $ 2.50 to $ 2.40, but exceeded the FactSet consensus of $ 2.36. Revenues increased 2.4% to $ 431.1 million, above FactSet consensus of $ 425.8 million, leading sales growth offsetting lower personal care and discontinued some brands in the beauty sector. Looking ahead, the company has reduced its forecast sales range for fiscal 2019 from $ 1.535 billion to $ 1.560 billion from $ 1.535 billion to $ 1.550 billion due to the unfavorable impact. unresolved pricing actions with a key customer and slowing online sales in China. growth. The company raised its adjusted EPS outlook from $ 7.60 to $ 7.90, from $ 7.60 to $ 7.90 to $ 7.95, taking into account a lower number of shares than share buybacks. The stock has risen 8.4% in the last three months, while the S & P 500
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