Helen of Troy reported record revenues and operating incomes for the first quarter. Revenues rose 17% to $107 million. Net earnings, however, dropped from $0.50 to $0.44 a share.
Last year’s results were affected by proceeds from a legal settlement, while this year’s results suffered due to a loss from discontinued operations, executives said.
Gross margins were trimmed by 0.6%, while operating margins improved 0.4%.