Helen of Troy Ltd.'s first-quarter sales fell short of expectations amid weakness in the consumer goods company's beauty and nutritional supplements segments.

The price of shares in the company, up 9% this year through Thursday's close, fell 2.6% in after-hours trading.

For the quarter, the company reported a profit of $19.0 million, or 68 cents a share, down from $20.4 million, or 70 cents a share, a year earlier. Excluding asset impairment charges, among other items, per-share profit rose to $1.27 from $1.06.

Revenue edged 0.8% higher to $347.9 million. Analysts expected $1.11 in earnings per share and $356.2 million in revenue, according to Thomson Reuters.

"Retail headwinds and macroeconomic uncertainties have intensified in certain segments of our business," Chief Executive Julien Miniberg said.

Orders from key beauty-products retailers slowed during the period, and Mr. Miniberg said sales of supplements fell, as the company works to build e-commerce capabilities and move away from direct mail sales. Helen of Troy signaled continued weakness in those parts of its business.

Still, the El Paso, Texas, maker of Sure deodorant, Pert Plus shampoo and various hair tools, backed its forecast for the year, after raising it in April. Helen of Troy continues to see strong sales in housewares, offsetting weakness in other categories.

First-quarter beauty sales dropped 17% to $81 million, while revenue from nutritional supplements slid 8.9% to $35.9 million. Housewares sales jumped 30% to $84.6 million and health and home revenue rose 2.3% to $146.4 million.

Write to Lisa Beilfuss at lisa.beilfuss@wsj.com

 

(END) Dow Jones Newswires

July 07, 2016 18:15 ET (22:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Helen of Troy (NASDAQ:HELE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Helen of Troy Charts.
Helen of Troy (NASDAQ:HELE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Helen of Troy Charts.