Helen of Troy Limited Earnings: Increase in Profit Year Over Year

Wall St. Cheat Sheet

Helen of Troy Limited reported its results for the second quarter. Helen of Troy is a global designer, developer, importer, and distributor of a portfolio of brand-name consumer products.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Helen of Troy Earnings Cheat Sheet for the Second Quarter

Results: Net income for Helen of Troy Limited rose to $32.9 million ($1.04 per share) vs. $27.1 million (86 cents per share) in the same quarter a year earlier. This marks a rise of 21% from the year earlier quarter.

Revenue: Rose 65% to $338.8 million from the year earlier quarter.

Actual vs. Wall St. Expectations: HELE beat the mean analyst estimate of $1.02 per share. It beat the average revenue estimate of $323.9 million.

Quoting Management: Gerald J. Rubin , Chairman, Chief Executive Officer and President, commenting on the Company’s results, stated “We are pleased with our record sales and record earnings for the third quarter and year to date given a challenging retail environment. Operating income increased by 32.6 and 25.5 percent, respectively, for the three- and nine-months ended November 30 , 2011. The integration of and expansion of our business in the Healthcare / Home Environment segment continues to progress according to plan. On December 30, 2011 , we completed our acquisition of the PUR home water filtration business (“PUR”) from the Proctor & Gamble Company, at a purchase price of $160,000,000 . PUR’s product lines include faucet mount water filtration systems and filters, pitcher filtration systems and filters and refrigerator filters. PUR will be operated as part of our Healthcare / Home Environment segment. PUR shares many of the segment’s existing customer base, target audience, and product focus areas. The acquisition of PUR adds an important brand to our portfolio of well-recognized and widely-trusted consumer brands. We believe the acquisition will be immediately accretive to earnings.”

Key Stats:

The company beat estimates last quarter after falling short in the previous two quarters. In the first quarter, it missed the mark by 12 cents, and in the fourth quarter of the last fiscal year, it fell short by one cent.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the third quarter has moved up from 75 cents a share to 85 cents over the last ninety days. Over the past three months, the average estimate for the fiscal year has climbed from $3.34 per to share to $3.41.

Competitors to Watch: Deer Consumer Products, Inc. , Jarden Corporation , Global-Tech Advanced Innovations Inc. , The Procter & Gamble Co. , Church & Dwight Co., Inc. , Colgate-Palmolive Company , The Clorox Company , Kimberly-Clark Corporation , Johnson & Johnson , Teva Pharmaceutical Industries Ltd , CCA Industries, Inc. , and Zep, Inc. .

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

 

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

Rates

View Comments (0)