Welcome to our dedicated page for Helen Of Troy news (Ticker: HELE), a resource for investors and traders seeking the latest updates and insights on Helen Of Troy stock.
Helen Of Troy Limited (NASDAQ: HELE) delivers innovative consumer products through its Home & Outdoor and Beauty & Wellness segments, powering brands like OXO and Hydro Flask. This news hub provides investors and stakeholders with essential updates about the company's strategic developments and market position.
Access authoritative coverage of HELE's earnings announcements, product innovations, leadership updates, and partnership agreements. Our curated news collection ensures you stay informed about regulatory filings, sustainability initiatives, and competitive positioning in the global consumer goods sector.
Discover timely updates across key categories including new product launches, financial performance metrics, and operational milestones. The repository serves as your primary source for understanding how HELE's design-driven approach and diversified portfolio address evolving consumer needs worldwide.
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Osprey Packs is set to launch two Poco™ Soft Child Carriers in Spring 2025, expanding its family-oriented product line. These carriers, priced at $135 for the standard model and $120 for the LT version, are designed for outdoor adventures and everyday use respectively. Key features include:
- Three carrying positions: facing in, facing out, and back carry
- Breathable 3D ventilated mesh fabric
- Capacity to hold up to 33 pounds
- Machine-washable
- Made with bluesign® approved, 100% recycled nylon
- First certified bluesign® PRODUCT child carrier in the market
The carriers will be available from January 2025 at osprey.com and specialty retailers worldwide, complementing Osprey's existing range of family-oriented products.
Helen of Troy (NASDAQ: HELE) reported a 12.2% decline in consolidated net sales for Q1 FY2025, totaling $416.8 million. GAAP diluted EPS dropped to $0.26 from $0.94, while adjusted diluted EPS fell to $0.99 from $1.94. Gross profit margin increased by 330 basis points to 48.7%. The company generated $25.3 million in cash flow from operations and $16.2 million in free cash flow.
For FY2025, Helen of Troy lowered its consolidated net sales outlook to $1.885-$1.935 billion and reduced its GAAP diluted EPS forecast to $4.69-$5.45 and adjusted diluted EPS to $7.00-$7.50. The adjusted EBITDA forecast was also lowered to $287-$297 million, with free cash flow expected between $220-$240 million.
Project Pegasus is on track to deliver $26-$30 million in savings. The company aims to reduce its net leverage ratio to 1.6x-1.5x by year's end.
Osprey Packs is expanding its focus on running by adding four elite athletes to its team and releasing a short documentary titled 'Training For Western States'. The film, produced by Ryan Thrower, features athletes Rachel Drake and Tyler Green, who will compete in the 2024 Western States Endurance Run. New team member Leah Yingling, who has finished in the top 10 twice at the Western States 100, joins them. Additionally, Osprey has added Mike McMonagle, Katie Asmuth, and Grayson Murphy to its roster. These investments are complemented by the release of new products in the Duro® | Dyna Family, including the Duro Dyna LT Belt. Fans can view the documentary on Freetrail's YouTube channel and follow the Western States 100 race on June 29-30.
Helen of Troy (NASDAQ: HELE) will release its Q1 fiscal 2025 results on July 9, 2024, before the market opens. A conference call to discuss the results will follow at 9:00 a.m. Eastern Time on the same day. The call will be hosted by CEO Noel Geoffroy, CFO Brian Grass, and SVP Sabrina McKee. Institutional investors and analysts can dial (877) 407-3982 to participate. The call will also be webcast live on the company's investor relations website. A telephone replay will be available from 1:00 p.m. Eastern Time on July 9, 2024, until 11:59 p.m. Eastern Time on July 23, 2024, by dialing (844) 512-2921 and entering replay pin 13747234. The webcast replay will be accessible for one year.
Helen of Troy has appointed Razorfish as its Creative Agency of Record. Razorfish will develop strategic positioning and creative campaigns to strengthen Helen of Troy's brand portfolio.
The selection process, facilitated by R3, involved more than a dozen agencies. Razorfish stood out due to its data-backed proposals and understanding of consumer journeys.
Chris Osner-Hackett, Helen of Troy's Global Chief Marketing Officer, expressed confidence in Razorfish's ability to elevate their brands.
This partnership is part of Razorfish's continued streak of creative and innovation accolades, including being named the 2024 Most Innovative Agency by Campaign US in April.
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