RTTNews | Oct 7, 2021 07:24AM EDT

07:24 Thursday, October 7, 2021 (RTTNews.com) - Helen of Troy Limited (HELE) said its core adjusted earnings per share fell 25.6%, while core business net sales were down 7.9% year-on-year for the three-month period ended August 31, 2021. The company increased its fiscal year outlook based on the better than expected second quarter results, positive trends in Beauty and Housewares, as well as the more favorable than expected EPA resolution.

Second quarter core adjusted earnings per share was $2.65 compared to $3.56, previous year. Consolidated adjusted earnings per share declined to $2.65 from $3.77. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $2.17, for the quarter. Analysts' estimates typically exclude special items.

Net income was $51.3 million, compared to $87.3 million, previous year. Consolidated earnings per share was $2.11 compared to $3.43.

Consolidated net sales revenue declined to $475.23 million from $530.85 million, last year. Core business net sales revenue was $469.49 million compared to $509.71 million. Analysts expected revenue of $428.16 million, for the quarter.

For fiscal 2022, the company now expects: core adjusted EPS of $11.05-$11.35; and core net sales of $1.990-$2.032 billion. Excluding the impact of the EPA matter, the implied core revenue growth outlook ranges from 3.4% to 4.3% and implied core adjusted earnings per share growth outlook is 7%. Analysts polled by Thomson Reuters expect the company to report profit per share of $10.86.

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