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Helen of Troy profit misses consensus by 34.7% in fiscal Q1

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Helen of Troy profit misses consensus by 34.7% in fiscal Q1

Helen of Troy Ltd said its normalized net income for the fiscal first quarter ended May 31 came to 61 cents per share, compared with the S&P Capital IQ consensus estimate of 93 cents per share.

EPS climbed year over year from 58 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.0 million, a decline from $18.6 million in the year-earlier period.

The normalized profit margin declined to 5.8% from 6.1% in the year-earlier period.

Total revenue grew on an annual basis to $311.8 million from $304.5 million, and total operating expenses rose from the prior-year period to $279.7 million from $271.8 million.

Reported net income rose 12.5% from the prior-year period to $16.3 million, or 55 cents per share, from $14.5 million, or 45 cents per share.