From Financial Modeling Prep: 2024-10-09 15:43:00

Helen of Troy (NASDAQ:HELE) exceeded Q2 earnings expectations, reporting an adjusted EPS of $1.21 and revenue of $474.2 million, driving shares up by over 17%. CEO Noel M. Geoffroy reaffirmed annual projections despite a 3.5% decline in net sales, with the Home & Outdoor segment showing growth while the Beauty & Wellness segment lagged.

The company’s gross profit margin dropped to 45.6% due to an unfavorable product mix and increased inventory costs. Helen of Troy maintained its fiscal 2025 guidance, expecting net sales between $1.885 billion and $1.935 billion and adjusted EPS in the range of $7.00 to $7.50, in line with analyst estimates.



Read more at Financial Modeling Prep:: Helen of Troy Beats Q2 Earnings, Stock Jumps 17%