UPDATE 1-Helen of Troy Q1 profit beats Wall Street view

* Q1 EPS $0.59 vs Wall St. view $0.57

* Sales rise 11 pct

* Personal-care sales rise 11 pct, Housewares up 12 pct

July 8 (BestGrowthStock) – Personal-care products maker Helen of
Troy Ltd (HELE.O: ) reported a better-than-expected quarterly
profit as gross margins improved on continued strength across
its segments.

For the first quarter ended May 31, the El Paso,
Texas-based company earned $18.4 million, or 59 cents a share,
compared with $14.5 million, or 47 cents a share, a year
earlier.

Analysts on average forecast 57 cents a share, according to
Thomson Reuters I/B/E/S.

Sales rose 11 percent to $160.2 million, slightly below
analysts’ estimates of $161.3 million.

However, gross margins improved 4.5 percentage points to
45.2 percent, ahead of analysts’ average estimates of 42.6
percent.

Sales at Helen of Troy’s housewares segment increased 12
percent, while sales at its core personal-care segment jumped
11 percent.

The company’s housewares segment consists of the OXO
International brands. Its personal-care unit includes grooming,
skin and hair products under the Revlon and Vidal Sassoon
brands among others.

Shares of the company closed at $22.08 Wednesday on
Nasdaq.
(Reporting by Viraj Nair in Bangalore;)

UPDATE 1-Helen of Troy Q1 profit beats Wall Street view