It's pure coincidence that I just finished reading through The Iliad earlier this week; the ancient story of the Greeks fighting the Trojans after the kidnapping of Helen. There are undeniable similarities with the battle for the fictional Helen and the back-and-forth with Helen Of Troy (Nasdaq:HELE) and the market. While I seriously doubt that Athena and Poseidon are taking a personal interest in the stock market and influencing traders, the advances and declines in this stock do seem to resemble the ebb and flow of that legendary battle.
A Tougher Second Quarter
Helen of Troy reported that sales rose almost 59% this quarter, but that figure was greatly boosted by the acquisition of Kaz and it came in close to 5% below the average analyst estimate. The personal care and healthcare/home businesses were disappointing; personal care was down 2% and the healthcare/home was down about 1% on a pro forma basis. Consequently, the 14.6% growth in the smaller housewares business was largely for naught. All in all, adjusted revenue growth this quarter was just 2% and that's not enough.
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