Helen Of Troy Provides Weak Q2 Guidance, Cuts FY Outlook; Stock Down - Update

(RTTNews) - Consumer products company Helen of Troy Ltd (HELE) Tuesday provided weak guidance for the second quarter and slashed its adjusted earnings outlook for the full year, citing a weak retail environment. Following the announcement, shares of the company slid 9 percent in after-hours trade.

For fiscal year 2015, Helen now expects adjusted earnings of $3.90 to $4.04 per share and sales of $1.375 billion to $1.405 billion; the guidance includes the results of Healthy Directions, which Helen acquired in June. Earlier Helen projected full-year earnings of $4.30 to $4.40 per share and sales of $1.325 to $1.375 billion.

Analysts expect earnings of $4.33 per share on sales of $1.39 billion for the year.

For the second quarter, Helen expects adjusted earnings of $0.64 to $0.69 per share and sales of $313 million to $318 million. Analysts expect earnings of $1.53 per share on sales of $410.5 million.

HELE dropped 9.04% at $53.80 in after-hours trade on the Nasdaq.