Helen of Troy reported sales in its Home & Outdoor segment, including OXO, Hydro Flask and Osprey eased 0.2 percent in the fiscal second quarter ending August 31, to $240.0 million. Organic sales were off 0.5 percent primarily due to a brick-and-mortar sales decline in the insulated beverage category, lower home category sales in the club and closeout channels, and a decline due to the impact of the Bed, Bath & Beyond bankruptcy.
Home & Outdoor operating income declined 14.3 percent to $36.1 million, or 15.0 percent of segment net sales revenue, compared to $42.1 million, or 17.5 percent of segment net sales revenue.
Companywide, Helen of Troy reported second-quarter earnings and sales that came in better than expected. The full-year outlook for non-GAPP EPS and sales was maintained.
Sales of $491.6 million topped analysts’ consensus estimate of $485.5 million. Non-GAAP adjusted diluted EPS of $1.74 exceeded analysts’ consensus estimate of $1.60.
For more details about the Hydro Flask and Osprey Packs businesses in Q2, including commentary from the brands’ parent company’s CEO’s call with analysts, go here:
EXEC: Hydro Flask and Osprey on Divergent Paths in Fiscal Q2
