Helen of Troy Limited (NASDAQ:HELE) Reports 2Q19 Earnings results; Topline up 14%; Tops Estimate

Helen of Troy Limited

Helen of Troy Limited (NASDAQ:HELE) reported income from continuing operation of $ 44.02 million or per share of $ 1.66 for the second quarter.

The company delivered revenue of $ 393.55 million for the same period representing year-over-year growth of 14 percent that exceeded street analysts expectation by $ 44 million.

However, on an adjusted basis, Helen of Troy Limited reported Non-GAAP income from continue operations of $ 1.98 a share for the same period that exceeded market expectations.

Analysts polled by Thomson Reuters expected Helen of Troy to report income of $ 1.60 per share on revenue of $ 349.19 million for the second quarter. Analysts estimate normally exclude one time gain or loss.

Julien R. Mininberg, CEO, stated: Our business generated excellent results in the second quarter as we continued to benefit from the strategic choices we made as part of our transformation plan. These choices included disciplined investments in our Leadership Brands, our infrastructure and our people, which contributed to a net sales increase of 14.1% and an increase in adjusted diluted EPS from continuing operations of 20.0%.

At the same time, HELE anticipates full year 2019 earnings of $7.65 to $7.90 per share, where as revenue for the full year expected to be $1.535 billion to $1.560 billion.

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