Shares in Braun-owner Helen of Troy (NASDAQ:HELE) slumped close to 30% in early dealing on Tuesday after its first-quarter financial results disappointed. Net group sales were down 12.2% for the first quarter at $416.8 million, versus $474.7 million a year ago.
Helen of Troy (HELE) came out with quarterly earnings of $0.99 per share, missing the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.94 per share a year ago.
Helen Of Troy (NASDAQ: HELE ) stock is falling on Tuesday following the release of the consumer brand company's fiscal Q1 2025 earnings report. The bad news for HELE stockholders starts with adjusted earnings per share of 99 cents.
Helen of Troy expects fiscal 2025 revenue of between $1.89 billion and $1.94 billion, which implies a decline of 6% to 3.5% from the prior year.
Shares of Helen of Troy Ltd. HELE, +1.08% tumbled 21.4% toward a nine-year low in premarket trading Tuesday, after the consumer products company reported fiscal first-quarter profit and revenue that fell well below expectations and slashed its full-year outlook, amid particular weakness in its beauty and wellness business.
Helen of Troy's (HELE) first-quarter performance is likely to reflect the adverse impact of pressured consumer spending. Persistent inflationary headwinds are a concern.
Helen of Troy (HELE) is focused on making solid investments in its Leadership Brands. Persistent inflation and rising interest rates are prompting cautious spending behavior.
Helen of Troy's (HELE) emphasis on its Leadership Brand portfolio bodes well. However, it is grappling with declines due to persistent consumer spending pressures.
Helen of Troy is a popular consumer-brand business, selling health and wellness related products, with a 10-year low valuation available for new share buyers. The company's positive free cash flow generation and focus on lowering costs suggest solid potential for future stock price appreciation. Despite recent challenges, Helen's share quote has shown resilience, indicating the bad news of slowing FY 2025 sales trends may already be fully discounted.
Helen of Troy (HELE) reported earnings 30 days ago. What's next for the stock?