What happened

Shares of Helen of Troy Limited (NASDAQ:HELE) climbed 12.7% on Monday after the consumer brand housewares, health, home, and beauty products company announced strong fiscal first-quarter 2019 results.

More specifically, Helen of Troy's net sales climbed 9% year over year to $354.7 million, which translated to 32.6% growth in adjusted net income to $1.87 per diluted share. Analysts, on average, were only expecting earnings of $1.46 per share on revenue of $333.8 million.

Man in suit drawing white arrow/chart indicating gains


So what

"We continue to see excellent momentum in the business, which led to a strong performance and a great start to our new fiscal year," stated Helen of Troy CEO Julien Mininberg. "Our strategic choices and ongoing productivity enhancements from the transformation plan are generating healthy results [...]."

Mininberg added that investments in the company's infrastructure, people, and "Leadership Brands" -- that is, its highest-volume highest-margin brands including Braun, Honeywell, PUR, Vicks, OXO, Hydro Flask, and Hot Tools -- are paying off nicely, with sales in the latter group up 14.7% during the quarter. Digital initiatives also drove 30% growth in online sales.

Now what

Looking ahead to the full fiscal year, Helen of Troy reaffirmed its expectation for net sales in the range of $1.485 billion to $1.510 billion, but it also increased its guidance for adjusted earnings from continuing operations to be in the range of $7.45 to $7.70 per share (up from $7.30 to $7.55 previously). 

In the end, this was a straightforward beat-and-raise scenario for Helen of Troy, and it should be no surprise to see the market reacting accordingly.

Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.