Helen of Troy Limited's fiscal Q1 results missed on both top and bottom lines, with poor performance in Leadership Brands and international sales. Gross profit margin increased, but net income and EPS dropped significantly, leading to a guidance cut and shares down 25%. The revised fiscal 2025 outlook shows a significant decline in net sales revenue and adjusted EPS.
Helen of Troy Limited (NASDAQ:HELE ) Q1 2025 Earnings Call Transcript July 9, 2024 9:00 AM ET Company Participants Sabrina McKee - SVP of IR and Business Development Noel Geoffroy - CEO Brian Grass - CFO Conference Call Participants Rupesh Parikh - Oppenheimer and Company Linda Bolton Weiser - D.A. Davidson Bob Labick - CJS Securities Olivia Tong - Raymond James Peter Grom - UBS Susan Anderson - Canaccord Genuity Operator Greetings and welcome to the Helen of Troy Limited First Quarter Fiscal 2025 Earnings Call.
For all the downward pressure on the housing market, prices are showing strong resistance to coming down in price.
Helen of Troy (HELE) shares cratered more than 30% Tuesday after the consumer products firm posted lower-than-expected results and slashed its outlook on falling demand for its beauty and wellness products.
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.