Helen Of Troy Q4 Profit Misses Estimate

(RTTNews) - Helen of Troy Ltd. (HELE) reported net income for the fourth quarter of $11.0 million or $0.34 per share, compared to $31.5 million or $0.98 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $27.3 million or $0.84 per share, compared to $31.5 million or $0.98 per share in the prior year quarter.

Net sales revenue for the fourth quarter fell to $312.5 million from $326.0 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.85 per share on revenue of $311.20 million for the fourth quarter. Analysts' estimates typically exclude special items.

For fiscal year 2015, the company expects net sales revenue in the range of $1.325 billion to $1.375 billion and earnings per share in the range of $4.30 to $4.40. Analysts currently expect the company to earn $4.65 per share on revenue of $1.34 billion for the fiscal year 2015.

Separately, Helen of Troy announced the reorganization of its corporate departments and functions into three global shared service groups, each headed by a member of the executive leadership team. The three shared service groups; Global Finance, Global Operations, and Global Legal, Human Resources and Investor Relations, are expected to strengthen the company's operating platform into a best-in-class support system for its businesses, increase productivity by better leveraging global scale, and improve collaboration across businesses and departments worldwide. The changes become effective May 1.