The current market environment produced overall higher demand for Helen of Troys housewares, health and home and beauty products, as the company posted a strong first quarter.
Consolidated net sales revenue in the first quarter ended May 31 increased 11.8% to $420.8 million compared to $376.3 million, primarily reflecting growth in domestic brick and mortar and international sales in its Health and Home segment, and consolidated online sales.
Net income was $60.3 million, or $2.37 per diluted share compared to $40.7 million, or $1.61 per diluted share in the previous first quarter.
By segment, Housewares net sales revenue decreased by 3% to $140.6 million primarily due to the temporary closure of key domestic brick and mortar customers due to COVID-19, and a decrease in international sales. The Oxo brand grew as consumers spent more time at home cooking, cleaning, organizing and pantry loading. Growth in online sales and in stores that were open were strong, as were Hydro Flask international sales.
Health and Home segment net sales revenue increased 29.1% to $199.9 million primarily driven by a COVID-related demand surge for health care and healthy living products in domestic and international markets, in both brick and mortar and online channels. The impact of brick and mortar store closures was less pronounced in the Health and Home segment as key retailers such as Walmart, Amazon, Target, Home Depot and the drug store channel remained open during the quarter and generally experienced strong traffic.
Beauty net sales revenue increased 5% to $80.2 million, driven primarily by the net sales revenue contribution of $7.6 million from the Drybar Products acquisition, growth in online sales and new product introductions.
Julien Mininberg, Helen of Troy CEO, said, We are pleased to announce excellent first quarter results. Our diversified portfolio performed well and again demonstrated its resiliency. I could not be prouder of how our organization adapted quickly to navigate successfully in what is arguably the most challenging business environment most of us have ever seen. During the quarter we delivered consolidated net sales growth of 11.8% and adjusted diluted EPS growth of 22.8%. Our Health & Home segment led the way with sales growth of 29%. Beauty and Housewares both held up very well in the face of many store closures and the unprecedented level of unemployment and personal disruption due to COVID-19. Beauty sales grew 5% including Drybar. Housewares declined only 3% off of a year ago base that grew 23% year over year. International performance was a standout in the quarter, growing faster than consolidated sales. Sales for our leadership brands grew 15.7%. Online sales grew significantly to now represent approximately 28% of consolidated sales as so many of the worlds consumers shifted more of their purchases from bricks to clicks.
Mininberg added, While we are pleased with our first quarter results, the net impact of the pandemic on our consumers and supply is still very fluid and uncertain and, as a result, we will not be providing fiscal 2021 guidance at this time. Despite the uncertainty, we are generally encouraged by the current trends and prospects for our business and are therefore using the strength from the first quarter to lean back in on many of the key initiatives chosen to further help us deliver on our Phase II Transformation goals. We believe we have struck the right balance between the uncertainties of the external environment and our strong commitment to doing what is bold and right for executing the strategic choices underlying our multi-year trajectory of transformation.
Here is the original post:
Healthy Living Products Drive Helen Of Troy Q1 Sales - HomeWorld Business
- Vaping Illness Put Her In The ICU: Now She's Raising Awareness Of The Risks : Shots - Health News - NPR [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- Healthy Conversation Symposium teach students and faculty about healthy lifestyle - Daily Helmsman [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- Breast cancer survivor promotes healthy living through Sadie Strong organization - WGRZ.com [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- QMG partners with nutrition program to encourage healthy living - WGEM [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- Health briefs 10-07-19 | Healthy Living - Uniontown Herald Standard [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- The turnaround season requires healthy living - BIC Magazine [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- Healthy Living breaks ground on Williston store - Vermont Biz [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- City embarks on healthy living initiative - The Herald Argus [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- Healthy Living: Pumpkin coffee drinks and your health - ABC27 [Last Updated On: August 18th, 2024] [Originally Added On: October 10th, 2019]
- In the cause of healthy living - Barbados Today [Last Updated On: August 18th, 2024] [Originally Added On: October 12th, 2019]
- Arc Healthy Living column: Norwich boy sees the benefits of helping disabled - Norwich Bulletin [Last Updated On: August 18th, 2024] [Originally Added On: October 12th, 2019]
- Healthy Living: Get back to you now that back to school is over - Vail Daily News [Last Updated On: August 18th, 2024] [Originally Added On: October 12th, 2019]
- Center celebrates 6 years of healthy living - Tyler Morning Telegraph [Last Updated On: August 18th, 2024] [Originally Added On: October 12th, 2019]
- Accessing Gods medicine for healthy living! - The Nation Newspaper [Last Updated On: August 18th, 2024] [Originally Added On: October 13th, 2019]
- Sports of all Sorts hosted special 'Harvest Tea' event for seniors committed to 'living a healthy lifestyle' - User-generated content [Last Updated On: August 18th, 2024] [Originally Added On: October 13th, 2019]
- Dole Coronates Disney's Frozen 2 With One of its Grandest Healthy-Lifestyle Programs Ever - PerishableNews [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- The Campbell Soup Foundation Announces $1.5 Million in Grants to Strengthen and Empower Healthy Communities - Business Wire [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- Healthy Living: Domestic violence thrives in silence - News - The Bulletin - Norwich Bulletin [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- Here are tips that you must follow for a healthy lifestyle - Republic World - Republic World [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- HEALTHY LIVING: 5 things to know about water yoga in Cheshire - Meriden Record-Journal [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- SHIFT Labette will take healthy living message to community in 2020 - Parsons Sun [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- 'Whole Home Concept House' Spotlights Healthy Living With Advanced LG Home Appliances - Business Wire [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- Healthy living class for adults with disabilities teaches cooking, food safety - The San Diego Union-Tribune [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- Healthy Living: Influenza - WABI [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- Healthy Living: Don't pay the consequences this ski season, start training now with these tips - Vail Daily News [Last Updated On: August 18th, 2024] [Originally Added On: October 18th, 2019]
- 3 healthy eating habits from the longest living people in the world - Well+Good [Last Updated On: August 18th, 2024] [Originally Added On: October 20th, 2019]
- Juice your heart out with this beast of a machine it's 30 percent off today - Yahoo Lifestyle [Last Updated On: August 18th, 2024] [Originally Added On: October 20th, 2019]
- Local fitness instructors and nutritionists offer unique approaches to healthy living at Soul Vegfest - KSNT News [Last Updated On: August 18th, 2024] [Originally Added On: October 20th, 2019]
- Cardiac rehab after heart valve surgery tied to better outcomes - KFGO News [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- Mild cognitive impairments show improvement with healthy lifestyle - Tyler Morning Telegraph [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- She long advocated for heart health. Then her baby's life was saved by heart surgery - The Gazette [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- Flu season is here | Healthy Living - Uniontown Herald Standard [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- Health briefs 10-28-19 | Healthy Living - Uniontown Herald Standard [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- Healthy habits hit school lunchrooms, activities - The Herald [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- Laurinburg native releasing book on healthy living - Laurinburg Exchange [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- Healthy Living: Guidelines for treatment of depression - WABI [Last Updated On: August 18th, 2024] [Originally Added On: November 1st, 2019]
- P90X Creator & Fitness Guru Tony Horton: Life is shorter than you think; Procrastination is the enemy; Putting things off assuming you've got all... [Last Updated On: August 18th, 2024] [Originally Added On: November 5th, 2019]
- Health briefs 11-04-19 | Healthy Living - Uniontown Herald Standard [Last Updated On: August 18th, 2024] [Originally Added On: November 5th, 2019]
- Healthy Living: November 5, 2019 - WABI [Last Updated On: August 18th, 2024] [Originally Added On: November 5th, 2019]
- Healthy Living, money for organ donation, new baby classes and more - NOLA.com [Last Updated On: August 18th, 2024] [Originally Added On: November 5th, 2019]
- UCLA Health partners with Kareem Abdul-Jabbar on health and wellness - UCLA Newsroom [Last Updated On: August 18th, 2024] [Originally Added On: November 8th, 2019]
- Healthy Living: Adoptee loves everything about her life - Norwich Bulletin [Last Updated On: August 18th, 2024] [Originally Added On: November 8th, 2019]
- Healthy living: don't get tricked | Opinions - The Capital Journal [Last Updated On: August 18th, 2024] [Originally Added On: November 8th, 2019]
- Healthy living: A gift to yourself and the next generation - PhillyVoice.com [Last Updated On: August 18th, 2024] [Originally Added On: November 8th, 2019]
- There Are Many Health Benefits To Getting A Good Night's Sleep Here's How To Get More Of It - Essence [Last Updated On: August 18th, 2024] [Originally Added On: November 9th, 2019]
- HEALTHY LIVING: Being diagnosed with lung cancer, as a never smoker - Q13 News Seattle [Last Updated On: August 18th, 2024] [Originally Added On: November 9th, 2019]
- Record-breaking flu vaccinations at Health Center - The Brown and White [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- Former MP and healthy living advocate dies - POST-COURIER [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- 3 Tips to Live a Healthier Lifestyle - Thrive Global [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- Finding the healthy lifestyle that works for you - BYU-I Scroll [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- Healthy Living: Better Together | Opinions - The Capital Journal [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- Health briefs 11-11-19 | Healthy Living - Uniontown Herald Standard [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- 'Healthy Living' event slated, and more health news items - NOLA.com [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- 101-year-old WWII veteran credits moderation, healthy living as secret to longevity - Daily Herald [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- Healthy Living: The benefits of yoga - ABC27 [Last Updated On: August 18th, 2024] [Originally Added On: November 12th, 2019]
- How to eat and live healthy in a Swiggy-Zomato-Uber Eats world - BusinessLine [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- No, e-bikes arent cheating - The Verge [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- I Want to Be Healthier: Q&A with Traverse City Behavioral Health Specialist Mandy Remai - MyNorth.com [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Moderate Wine Consumption Linked to Lower Risk of Lung Disease - Wine Spectator [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Family finds fitness and much more at YMCA - GazetteNET [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Southern Cancer Center Thanksgiving Food Drive | Healthy Living - FOX10 News [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Toms River Pediatrician, Dr. Charita Y. Csiky Featured in 2019 Top Doctor Edition of Healthy Living Magazine - Benzinga [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Would Kourtney Kardashian Be As Obsessed With Healthy Living If She Wasn't Famous? - Showbiz Cheat Sheet [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Your Biggest Health and Fitness Questions, Answered! Join Our AMA With Katie Dunlop of Love Sweat... - POPSUGAR [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Flu Prevention Tips for Kids | Healthy Living - FOX10 News [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Coolgreens to Open Third DFW Restaurant in Old Town - RestaurantNews.com [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Toms River Pediatrician, Dr. Charita Y. Csiky Featured in 2019 Top Doctor Edition of Healthy Living Magazine - PR Web [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- OU Receives Grant to Expand Healthy Living Efforts in Pontiac - Patch.com [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Kim Kardashian Dragged Kourtney Kardashian for Wanting Healthy Candy at Their Daughters Birthday Parties - Cosmopolitan.com [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- Grant will explore low vision's impact on healthy lifestyle behaviors - UAB News [Last Updated On: August 18th, 2024] [Originally Added On: November 14th, 2019]
- At CIIE 2019 Panasonic Showcases Solutions to Help Bring to Life China's "Healthy China 2030" Vision - Business Wire [Last Updated On: August 18th, 2024] [Originally Added On: November 16th, 2019]
- Men and women subtly see their own health differently - Ladders [Last Updated On: August 18th, 2024] [Originally Added On: November 16th, 2019]
- Participants Sought for National Trial to Test Benefits of a Healthy Lifestyle - Newswise [Last Updated On: August 18th, 2024] [Originally Added On: November 16th, 2019]
- Bradford's health data below UK average - but healthy lifestyle is cheaper - Bradford Telegraph and Argus [Last Updated On: August 18th, 2024] [Originally Added On: November 18th, 2019]
- 6 health benefits of eating wild game - TribLIVE [Last Updated On: August 18th, 2024] [Originally Added On: November 18th, 2019]
- Senior Life: 5 Simple Ways to Maintain Your Heart Health and Prevent Heart Disease - The Delaware County Daily Times [Last Updated On: August 18th, 2024] [Originally Added On: November 18th, 2019]
- Oakland University awarded $400,000 for Pontiac health programs | Local News - The Oakland Press [Last Updated On: August 18th, 2024] [Originally Added On: November 18th, 2019]
- Healthy Living: How to host the holidays in a world of food restrictions - Q13 News Seattle [Last Updated On: August 18th, 2024] [Originally Added On: November 18th, 2019]
- Health briefs 11-18-19 | Healthy Living - Uniontown Herald Standard [Last Updated On: August 18th, 2024] [Originally Added On: November 18th, 2019]
- Healthy Living Catalog | AmeriMark | AmeriMark [Last Updated On: August 18th, 2024] [Originally Added On: November 18th, 2019]