Helen of Troy(US:HELE)2020-01-15 19:56Financial Performance & Growth - In FY19, Helen of Troy's total consolidated net sales reached $1.564 billion[5] - Health & Home FY19 net sales were $695.2 million, representing 44.4% of the total[5] - Housewares FY19 net sales amounted to $523.8 million, accounting for 33.5% of the total[5] - Beauty FY19 net sales totaled $345.1 million, which is 22.1% of the total[5] - Q3 FY2020 net sales increased by 10.1%, with Leadership Brands growing by 10.6% and online channels by 30.0%[51] - Adjusted diluted EPS from continuing operations for Q3 FY2020 grew by 30.0% to $3.12[52] - The company now expects FY2020 consolidated net sales revenue in the range of $1.650 billion to $1.675 billion, implying growth of 5.5% to 7.1%[52] - Adjusted diluted EPS from continuing operations for FY2020 is now expected to be in the range of $8.90 to $9.10[52] Strategic Initiatives & Capital Deployment - The company deployed approximately $1.2 billion of capital in Phase I without exceeding 2.6x leverage[30] - Share repurchases amounted to approximately $750 million, and acquisitions totaled approximately $450 million[30] - The company has the ability to deploy over approximately $1.3 billion of capital in Phase II without exceeding 3.0x leverage[30] Phase II Targets - Annual core business sales growth target is 2.5% to 3.5%[44] - Annual operating margin expansion target is 20 to 30 bps[44] - Annual EPS growth target is ≥ 8%[44] - Annual growth investment increase target is ≥ 10%[44] - ROIC target is ≥ 20% by FY24[44] - Annual cash flow from operations growth target is ≥ 10%[44]