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Helen of Troy profit misses consensus by 18.7% in fiscal Q2

Helen of Troy Ltd said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to 53 cents per share, compared with the S&P Capital IQ consensus estimate of 65 cents per share.

EPS fell year over year from 55 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $15.2 million, a decrease of 13.8% from $17.6 million in the prior-year period.

The normalized profit margin fell to 4.0% from 5.5% in the year-earlier period.

Total revenue came to $319.9 million, compared with $319.4 million in the year-earlier period, and total operating expenses came to $291.7 million, compared with $289.0 million in the prior-year period.

Reported net income decreased 19.5% year over year to $18.7 million, or 65 cents per share, from $23.2 million, or 72 cents per share.