Helen of Troy beats by $0.40, beats on revs; raises FY18 EPS above consensus; reaffirms FY19 revenue guidance
- Reports Q1 (May) earnings of $1.87 per share, excluding non-recurring items, $0.40 better than the Capital IQ Consensus of $1.47; revenues rose 9.0% year/year to $354.7 mln vs the $333.75 mln Capital IQ Consensus. Consolidated gross profit margin increased 0.9 percentage points to 41.3% compared to 40.4%.
- Co issues raised guidance for FY19, sees EPS of $7.45-7.70 from $7.30-7.55, excluding non-recurring items, vs. $7.42 Capital IQ Consensus Estimate; reaffirms FY19 revs of $1.485-1.510 bln vs. $1.5 bln Capital IQ Consensus Estimate.
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