The company reported earnings of $1.51 per share for the three months ending March 31, a figure boosted by a $1.74-per-share gain from the sale of a distribution facility. Even when stripping out these one-off items, adjusted earnings reached 17 cents per share, significantly higher than the 2-cent estimate provided by FactSet analysts.
In section Market Quotes
Helen of Troy Swings to Profit as Revenue Tops Expectations
Consumer products firm Helen of Troy posted a $35.8 million net profit for the first quarter, a sharp reversal from the massive $450.7 million loss reported during the same period last year. The results, fueled by growth in both its Home and Outdoor and Beauty and Wellness segments, easily outpaced analyst projections.
Consolidated revenue climbed to $402.1 million, surpassing the anticipated $374.6 million. The Home and Outdoor division saw a particular lift from international demand for packs and a refreshed product lineup, bolstered by an easier year-over-year comparison after previous tariff concerns disrupted retail order cycles. Meanwhile, the Beauty and Wellness segment maintained momentum through steady sales of thermometers, fans, and nail care products. Buoyed by these results, management raised its full-year revenue outlook, now projecting a range between $1.76 billion and $1.83 billion.
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