RTTNews | Jul 8, 2021 07:51AM EDT

07:50 Thursday, July 8, 2021 (RTTNews.com) - Helen of Troy Limited (HELE) Thursday reported net income of $57 million or $2.31 per share in the first quarter, lower than $60.3 million or $2.37 per share in the same quarter a year ago, due to lower operating income in the Health & Home segment and the comparative impact from the CARES Act tax benefit recognized in the prior year period .

Excluding items, earnings of $3.48 per share beat the average estimate of analysts surveyed by Thomson Reuters at $2.62 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter rose 28.6% year-over-year to $541.22 million from $420.8 million last year. The consensus estimate was for $438.9 million.

Looking forward to the full year, the company sees adjusted earnings to be in the range of $10.46-$10.97 per share.

Net sales revenue for the year are expected in the range of $1.93 to $1.98 billion, a decline of 8.0% to 5.5% due to the expected unfavorable impact related to Environmental Protection Agency compliance issue.

Analysts expect the company to report earnings of $11.83 per share on sales of $2.02 billion for the period.

Read the original article on RTTNews ( https://www.rttnews.com/3207796/helen-of-troy-q1-net-dips-but-beats-view-sees-lower-full-year-sales.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved