EL PASO, Texas (AP) — Helen of Troy, which markets a wide range of personal care and household products, reported a 15 percent increase in its net income for its fiscal third quarter, as revenue improved at its housewares and healthcare/home environment divisions.
But the company lowered its full-year revenue forecast Wednesday, saying it is unsure how consumer spending may change as a result of the "fiscal cliff" compromise deal.
Helen of Troy Ltd. markets brands including Revlon, Vidal Sassoon, Dr. Scholl's, Vicks and Fabreze.
For the three months ended Nov. 30, it earned $37.7 million, or $1.18 per share. That's up from $32.9 million, or $1.04 per share, a year ago. The latest results beat the $1.14 per share that analysts polled by FactSet expected.
Revenue increased 11 percent to $374.6 million from $338.8 million. But that fell short of Wall Street's average estimate of $379.2 million.
Housewares revenue rose 10.7 percent, driven by new OXO products. Healthcare/home environment revenue climbed 23 percent. The healthcare/home environment unit's results continue to benefit from its acquisition of the PUR water filtration business in December 2011. The division is also seeing improved results due to the current winter weather and an early and strong cold and flu season.
At the personal care segment, revenue edged down slightly.
For the full year, Helen of Troy now expects revenue between $1.28 billion and $1.3 billion. Its prior guidance called for revenue of $1.3 billion to $1.33 billion. The company still anticipates earnings between $3.50 and $3.60 per share.
Analysts expect full-year revenue of $1.29 billion on earnings of $3.55 per share.
Its shares were steady at $33.53 in premarket trading. That is near the upper end of its 52-week range of $28.02 to $35.35.