Exhibit 99.1

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%
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

The following information was filed by Helen Of Troy Ltd (HELE) on Monday, January 11, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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