Earnings release
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Helen of Troy Limited Reports Third Quarter Fiscal 2021 Results Consolidated Net Sales Growth of 34.3 % ; Organic Business Net Sales Growth of 30.3 % GAAP Diluted Earnings Per Share ( " EPS " ) of $ 3.34 Adjusted Diluted EPS Growth of 20.5 % to $ 3.76 Initiates Fiscal 2021 GAAP Diluted EPS Outlook of $ 10.29 - $ 10.46 Initiates Fiscal 2021 Adjusted Diluted EPS Outlook of $ 11.50 - $ 11.70 Initiates Fiscal 2021 Consolidated Net Sales Growth Outlook of 21.5 % - 23.0 % El Paso , Texas , January 7 , 2021 - Helen of Troy Limited ( NASDAQ : HELE ) , designer , developer and worldwide marketer of consumer brand - name housewares , health and home and beauty products , today reported results for the three - month period ended November 30 , 2020 . Executive Summary – Third Quarter of Fiscal 2021 • Consolidated net sales revenue increase of 34.3 % , including : An increase in Leadership Brand net sales of 33.9 % • • • • 0 An increase in online channel net sales of approximately 34 % ° ° Organic business net sales growth of 30.3 % Core business net sales growth of 35.2 % GAAP consolidated operating income of $ 100.7 million , or 15.8 % of net sales , compared to $ 79.3 million , or 16.7 % of net sales , for the same period last year Non - GAAP consolidated adjusted operating income increase of 24.0 % to $ 111.9 million , or 17.6 % of net sales , compared to $ 90.3 million , or 19.0 % of net sales , for the same period last year GAAP diluted EPS of $ 3.34 , compared to $ 2.71 for the same period last year Non - GAAP adjusted diluted EPS increase of 20.5 % to $ 3.76 , compared to $ 3.12 for the same period last year Net cash provided by operating activities for the first nine months of the fiscal year of $ 249.7 million , compared to $ 101.4 million for the same period last year Non - GAAP free cash flow for the first nine months of the fiscal year of $ 230.3 million , compared to $ 88.2 million for the same period last year Repurchased 960,829 shares of common stock in the open market during the quarter for $ 191.6 million , at an average price of $ 199.42 per share Julien R. Mininberg , Chief Executive Officer , stated : “ Our business delivered an exceptional third quarter in what is shaping up to be another year of outstanding results for Helen of Troy . We delivered 34.3 % growth in consolidated net sales behind continued momentum across each of our business segments , our Leadership Brands , the online channel , brick and mortar , organic business , core business , and international . During the quarter , adjusted EPS grew 20.5 % , even as we invested in key initiatives designed to continue driving our value creation flywheel for next fiscal year and for the back half of Phase II . Year to date , we have outstanding momentum , with consolidated net sales growth of 25.6 % , adjusted EPS growth of 35.4 % , and growth in cash flow from operations of 146.3 % to $ 249.7 million . We are very pleased to deliver these results and now provide full fiscal year guidance projecting that Helen of Troy will cross the $ 2 billion sales milestone for the first time and grow its adjusted EPS by $ 2.20 per share or 1