HELE Helen of Troy Ltd

Helen of Troy Ltd. posted financial results that easily topped expectations for the final quarter of the year, as the consumer products company saw growth in its housewares segment, which benefited from new-category introductions

The maker of Hot Tools hair stylers and Dr. Scholl's products also sharply raised its guidance for the current fiscal year.

The now company expects adjusted earnings in the range of $5.85 to $6.35 a share, up from its previous forecast for $5.40 to $5.85 a share. And the company now expects revenue of $1.57 billion to $1.62 billion, up from the $1.49 billion to $1.53 billion it had forecast earlier.

For its fiscal fourth quarter ended Feb. 29, Helen of Troy reported a profit of $9.6 million, or 34 cents a share, down from $40.6 million, or $1.40 a share, a year earlier.

Excluding certain items, profit was $2.03 a share. Revenue rose 2.1% to $385.7 million. Analysts surveyed by Thomson Reuters had expected $1.56 a share in adjusted earnings on $373 million in revenue. On a core basis, sales rose 2.8%.

Sales in the company's housewares segment, which includes brands like OXO and Good Grips, rose 6.7%. Helen of Troy cited the introduction of new kitchen-electronics and metal-bakeware products for the growth.

Health and home sales, which include brands like Vicks and Febreze, rose 1.5%. Nutritional segments, formed from its acquisition of Healthy Directions, said sales climbed 2.3% on growth in its auto-delivery program.

Beauty sales edged 0.3% lower, hurt by foreign-currency effects.

Founded in 1968 as a wig shop in downtown El Paso, Texas, Helen of Troy has grown into a personal-care products powerhouse whose brands also include Revlon and Braun.

Write to Anne Steele at Anne.Steele@wsj.com

(END) Dow Jones Newswires

April 28, 2016 18:15 ET (22:15 GMT)

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