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Nov 30, 2019
Helen of Troy Q3 2020 Earnings Report
Reported strong Q3 2020 results with sales growth and increased profitability.
Key Takeaways
Helen of Troy reported a strong third quarter with a 10.1% increase in consolidated net sales and a 30.0% increase in adjusted diluted EPS. The company is raising its sales and adjusted EPS outlook for the fiscal year.
Consolidated net sales increased by 10.1%, driven by a 10.7% core business growth.
Leadership Brand net sales increased by 10.6%.
Online channel net sales increased by approximately 30%.
GAAP diluted EPS from continuing operations was $2.71, while non-GAAP adjusted diluted EPS increased by 30.0% to $3.12.
Forward Guidance
The Company has updated its outlook based on the Company's year-to-date performance and now expects consolidated net sales revenue to be in the range of $1.650 to $1.675 billion and consolidated GAAP diluted EPS from continuing operations of $7.29 to $7.45, and non-GAAP adjusted diluted EPS from continuing operations in the range of $8.90 to $9.10.
Positive Outlook
- Housewares net sales growth of 19% to 21%
- Beauty net sales growth of 3% to 5%
- Consolidated sales growth of 5.5% to 7.1%
- Strong performance year to date
- Increase in growth investments
Challenges Ahead
- Health & Home net sales decline of 2% to 4%
- Expected increase in growth investments
- Higher expected incentive compensation expense
- Higher expected freight and distribution costs
Historical Earnings Impact
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Avg. Return Before/After Earnings
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