Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Consumer products company Helen of Troy
So what: For the quarter, Helen of Troy recorded an 11% rise in sales to $300.2 million and a profit of $0.74. Wall Street had been looking for the company to report a profit of $0.86 with sales of $299.1 million. The reason for the shortfall, according to Helen of Troy, was an overall weak spending environment coupled with higher operating expenses and increased levels of discounting to move merchandise. In addition to missing first-quarter estimates, the company lowered its full-year EPS forecast to a range of $3.70-$3.80 versus its original forecast of $3.80-$3.90.
Now what: Yuck! We've been receiving confirmation on multiple fronts of late that consumers are tightening their wallets, including Macy's
Craving more input? Start by adding Helen of Troy to your free and personalized watchlist so you can keep up on the latest news with the company.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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