Helen of Troy's 1Q Results: Postgame Scorecard

FOXBusiness

Helen of Troy (NASDAQ:HELE) saw its profit fall in the most recent quarter.

Earnings and Revenue  The company's revenues essentially met Wall Street's expectations, though the company's EPS fell short of predictions. The company reported EPS of 74 cents a share versus the 88 cents a share estimate and revenues of $300.2 million versus the $299.1 million estimate.

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The company's net income for the quarter was $23.5 million. According to the reported number, this is down 4.6% from last year's levels. Revenue climbed 10.6% from $271.5 million in the same period last year.

Company Fundamental Trends  With last quarter's falling profit, The company ends a run of at least four consecutive quarters of year-over-year profit increases. The company has averaged revenue growth of 45.6% over the past five quarters.

History Against Expectations  The company missed forecasts after topping estimates in the previous two quarters. In the fourth quarter of the last fiscal year, it topped the mark by 4 cents, and in the third quarter of the last fiscal year, it was ahead by 2 cents.

Official Comment:  Gerald J. Rubin, Chairman, Chief Executive Officer and President, commenting on the Company's first quarter results, stated "During the first quarter, we achieved record net sales revenue and record operating income. Similar to other global consumer products companies, we faced many challenges in light of continuing consumer uncertainty and global economic problems. We are pleased that we were able to achieve growth in net sales revenue, operating income and EBITDA without share-based compensation, in a challenging retail sales environment.

Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.