Helen of Troy's (HELE) fiscal first-quarter results reflect reduced sales and earnings due to lower demand for its products. Management lowered the fiscal 2025 outlook.
Consumers are stretched, choosing essential spending over discretionary items, Helen of Troy (HELE) executives said Tuesday in an indicator that other consumer-focused companies may report their own pressures this earnings season.
Helen of Troy reported disappointing Q1 earnings and lowered guidance. Across-the-board declines hint at a cash-strapped consumer.
Helen of Troy Stock: A Reset Of Expectations Following Q1 Earnings Crash
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.