Helen of Troy Limited (NASDAQ: HELE) got investors attention Monday on presenting first-quarter figures.
The El Paso-based company, a designer, developer and worldwide marketer of consumer brand-name housewares, health and home and beauty products, today reported consolidated net sales revenue increase of 9.0%.
GAAP operating income was $43.3 million, or 12.2% of net sales, which includes $1.7 million in restructuring charges, compared to $30.6 million, or 9.4% of net sales, which included $4.0 million in pre-tax non-cash impairment charges, in the same period last year.
GAAP diluted EPS from continuing operations of $1.43, which includes $0.06 per share of restructuring charges, compared to GAAP diluted EPS from continuing operations of $1.00 in the same period last year, which included $0.13 per share of impairment charges
CEO Julien R. Mininberg, said: "We continue to see excellent momentum in the business, which led to a strong performance and a great start to our new fiscal year.
"Our strategic choices and ongoing productivity enhancements from the transformation plan are generating healthy results, with consolidated net sales increasing 9.0% and adjusted diluted EPS from continuing operations growing 32.6%. Investing in our Leadership Brands, our infrastructure and our people continues to pay off."
Following the divestiture of Healthy Directions last December, the Company no longer consolidates the Nutritional Supplements segment’s operating results. The former segment’s operating results are included in the Company’s financial statements and classified as discontinued operations for all periods presented.
Shares galloped $15.28, or 15%, to $117.23
