Helen of Troy reported an exceptional third quarter with a 34.3% increase in consolidated net sales and a 20.5% growth in adjusted EPS. The company's performance was driven by strong momentum across all business segments and channels. They are also initiating fiscal year 2021 guidance projecting that Helen of Troy will cross the $2 billion sales milestone for the first time and grow its adjusted EPS by $2.20 per share.
Consolidated net sales increased by 34.3%, with organic business net sales growing by 30.3%.
GAAP diluted EPS was $3.34, compared to $2.71 for the same period last year.
Adjusted diluted EPS increased by 20.5% to $3.76, compared to $3.12 for the same period last year.
The company is initiating fiscal 2021 GAAP diluted EPS outlook of $10.29 - $10.46 and adjusted diluted EPS outlook of $11.50 - $11.70.
For fiscal year 2021, the company expects consolidated net sales revenue in the range of $2.075 to $2.1 billion, which implies consolidated sales growth of 21.5% to 23.0%. The Company expects consolidated GAAP diluted EPS of $10.29 to $10.46 and non-GAAP adjusted diluted EPS in the range of $11.50 to $11.70.