Helen of Troy Limited Earnings Cheat Sheet: Beats Forecasts

Helen of Troy Limited (NASDAQ:HELE) reported net income above Wall Street’s expectations for the first quarter. Helen of Troy, Ltd. is a global designer, developer, importer and distributor of a portfolio of brand-name consumer products. It has two segments: Personal Care and Housewares.

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Helen of Troy Earnings Cheat Sheet for the First Quarter

Results: Net income for Helen of Troy Limited rose to $24.6 million (78 cents per share) vs. $18.4 million (59 cents per share) in the same quarter a year earlier. This marks a rise of 33.8% from the year earlier quarter.

Revenue: Rose 69.5% to $271.5 million from the year earlier quarter.

Actual vs. Wall St. Expectations: HELE beat the mean analyst estimate of 76 cents per share. It beat the average revenue estimate of $260.2 million.

Quoting Management: Gerald J. Rubin, Chairman, Chief Executive Officer and President, commenting on the Company’s first quarter results, stated “We continue to execute well across all of our market segments. During the first quarter, our net sales revenue and net income increased in all of our reporting segments. We are pleased that we were able to deliver record net income for the first quarter in a continuing soft sales environment.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the fourth quarter of the last fiscal year, net income rose 46.3% and in the third quarter of the last fiscal year, the figure rose 9.4%.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 17 cents in the fourth quarter of the last fiscal year, by 11 cents in the third quarter of the last fiscal year, and by 11 cents in the second quarter of the last fiscal year.

Gross margin shrank 4.7 percentage points to 40.5%. The contraction appeared to be driven by increased costs, which rose 84.2% from the year earlier quarter while revenue rose 69.5%.

Revenue has risen the past four quarters. Revenue increased 55.8% to $237.1 million in the fourth quarter of the last fiscal year. The figure rose 8.2% in the third quarter of the last fiscal year from the year earlier and climbed 7.8% in the second quarter of the last fiscal year from the year-ago quarter.

Competitors to Watch: Deer Consumer Products, Inc. (NASDAQ:DEER), Jarden Corporation (NYSE:JAH), iRobot Corporation (NASDAQ:IRBT), Global-Tech Advanced Innovations Inc. (NASDAQ:GAI), The Procter & Gamble Co. (NYSE:PG), Church & Dwight Co., Inc. (NYSE:CHD), Colgate-Palmolive Company (NYSE:CL), The Clorox Company (NYSE:CLX), Kimberly-Clark Corporation (NYSE:KMB), Johnson & Johnson (NYSE:JNJ), Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA), CCA Industries, Inc. (AMEX:CAW), and Zep, Inc. (NYSE:ZEP).

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(Source: Xignite Financials)

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