Helen of Troy Limited reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2017. For the quarter, the company reported net, sales revenue of $453,045,000 compared to $444,414,000 a year ago. Operating loss was $15,630,000 compared to operating income of $63,319,000 a year ago. Loss before income taxes was $19,215,000 compared to income before income taxes of $59,800,000 a year ago. Net loss was $30,436,000 compared to net income of $57,612,000 a year ago. Diluted loss per share was $1.12 compared to earnings per share of $2.07 a year ago. Adjusted operating income (non-GAAP) was $78,961,000 compared to $73,421,000 a year ago. LBITDA (non-GAAP) was $4,851,000 compared to EBITDA (non-GAAP) of $74,629,000 a year ago. Adjusted EBITDA (non-GAAP) was $83,310,000 compared to $77,532,000 a year ago. Adjusted income (non-GAAP) net of tax was $68,832,000 or $2.52 per diluted share compared to $65,999,000 or $2.37 per diluted share a year ago.

For the nine months, the company reported net, sales revenue of $1,191,112,000 compared to $1,160,522,000 a year ago. Operating income was $1,244,000 compared to $123,704,000 a year ago. Loss before income taxes was $9,802,000 compared to income before income taxes of $112,905,000 a year ago. Net loss was $15,635,000 compared to net income of $104,993,000 a year ago. Diluted loss per share was $0.58 compared to earnings per share of $3.74 a year ago. Net cash provided by operating activities was $107,629,000 compared to $139,140,000 a year ago. Capital and intangible asset expenditures were $19,854,000 compared to $14,989,000 a year ago. Adjusted operating income (non-GAAP) was $173,128,000 compared to $165,858,000 a year ago. EBITDA (non-GAAP) was $33,781,000 compared to $157,280,000 a year ago. Adjusted EBITDA (non-GAAP) was $186,087,000 compared to $177,809,000 a year ago. Adjusted income (non-GAAP) net of tax was $151,486,000 or $5.55 per diluted share compared to $138,915,000 or $4.95 per diluted share a year ago.

The company provided earnings guidance for the full year of 2018. For fiscal 2018, the company expects consolidated net sales revenue from continuing operations in the range of $1.440 billion to $1.463 billion, which implies consolidated sales growth of 2.3% to 4.0%. The company's net sales outlook assumes that December 2017 foreign currency exchange rates will remain constant for the remainder of the fiscal year and that the severity of the cough/cold/flu season will be in line with long-term historical averages. The company expects consolidated GAAP diluted earnings per share for continuing operations of $5.42 to $5.63 and adjusted diluted earnings per share (non-GAAP) for continuing operations in the range of $6.85 to $7.10, which excludes after-tax asset impairment charges, the Toys ”R” Us bankruptcy charge, restructuring charges, share-based compensation expense and intangible asset amortization expense. The company expects a GAAP effective tax rate range of 10.4% to 10.9% for continuing operations, and an adjusted effective tax rate range of 6.8% to 7.2% for continuing operations for the full fiscal year 2018.

For the fourth quarter, the company expects Diluted earnings per share to be in the range of $2.93 to $3.19. Adjusted diluted earnings per share (non-GAAP) expected to be in the range of $1.30 to $1.60. The company expects adjusted effective tax rate in the range of 8.4% to $10.4%.

For the quarter, the company reported asset impairment charges of $82,227,000.