Helen Of Troy Ltd Stock Price, News & Analysis

Helen of Troy (NASDAQ: HELE) has rescheduled its third quarter fiscal 2025 earnings release to Wednesday, January 8, 2025, before market open, one day earlier than initially planned. The change is due to the observance of the National Day of Mourning for former President Jimmy Carter.

The company will host a conference call at 9:00 a.m. Eastern Time on January 8, 2025, led by CEO Noel Geoffroy, CFO Brian Grass, and SVP of Business Development and Investor Relations Sabrina McKee Budd. Institutional investors and analysts can join by dialing (877) 407-3982. A webcast replay will be available for one year, and a telephone replay will be accessible until January 22, 2025, using pin number 13750606.

Helen of Troy (NASDAQ: HELE) has announced it will release its third quarter fiscal 2025 results before market opening on Thursday, January 9, 2025. The company will host a conference call at 9:00 a.m. Eastern Time on the same day, featuring CEO Noel Geoffroy, CFO Brian Grass, and SVP of Business Development and Investor Relations Sabrina McKee Budd. Institutional investors can join via phone, while a webcast will be available on the company's investor relations website. A replay will be accessible until January 23, 2025, via phone and for one year on the website.

Helen of Troy (NASDAQ: HELE) has completed its acquisition of Olive & June, an innovative omni-channel nail care brand. The acquisition involves an initial cash consideration of $229.4 million, with potential additional contingent payments of up to $15 million based on performance over 3 years.

The company borrowed $235.0 million under its Credit Agreement to finance the transaction. Helen of Troy expects Olive & June to generate approximately $92 million in net sales revenue for calendar year 2024. The acquisition is expected to be immediately accretive to Helen of Troy's revenue growth rate, gross profit margin, adjusted EBITDA margin, adjusted diluted EPS growth rate, and free cash flow conversion.

Osprey Packs unveils its Winter 2025 collection, featuring three major product lines: the new Mountain Bound series for ski and snowboard gear transport, the redesigned Glade series for hydration, and the updated Soelden | Sopris series for backcountry adventures. The Mountain Bound series includes a Roller ($300), Boot Pack Plus ($170), and Boot Pack ($140). The Glade series expands with three models ranging from $90-$140, featuring improved hydration insulation. The Soelden | Sopris line offers packs from $160-$220, with a Pro version at $1,400 featuring an electronic avalanche airbag system. All products will be available globally starting July 2025.

Helen of Troy (NASDAQ: HELE) has announced an agreement to acquire Olive & June, a nail care brand, for $240 million, including a $15 million earnout. The deal implies a multiple of less than 11x estimated calendar year 2025 adjusted EBITDA before synergies. Olive & June, founded in 2013, is expected to generate approximately $92 million in net sales revenue in calendar year 2024. The acquisition is expected to be immediately accretive to Helen of Troy's revenue growth rate, gross profit margin, adjusted EBITDA margin, and free cash flow conversion. The transaction is anticipated to close before the end of calendar year 2024.

PUR, a Helen of Troy brand and the #1 selling brand in lead filtration, is launching an initiative to address lead water contamination concerns amid new EPA regulations. The company has announced a $25,000 donation to the Water Quality Research Foundation (WQRF) to support education and access to water testing kits for schools nationwide.

Key points from the press release include:

• Over 12 million lead pipes may be releasing lead into water supply lines
• A recent study reveals a lack of awareness about lead contamination among consumers
• PUR intends to donate up to 10,000 water filtration faucet mounts and pitchers to impacted schools
• The company has distributed over half a million water filtration systems and replacement filters in communities across the U.S. and Canada

PUR aims to help families take immediate action to improve their drinking water while municipalities work on replacing lead service lines over the next decade.

OXO, a consumer brand from Helen of Troy (NASDAQ: HELE), announces its fourth annual Chefs in Residence program featuring James Beard Award-winning chefs Marcus Samuelsson, Bricia Lopez, and Dan Kluger. The program aims to make professional techniques and inspiring recipes more accessible to home chefs, offering tips for everyday cooking and creative use of pantry staples with OXO's innovative tools.

This year's content series, 'Fresh Take with OXO Chefs in Residence,' addresses consumer challenges like convenience, budget-friendly cooking, exploring global flavors, gaining kitchen confidence, and minimizing food waste. The chefs will share recipes that streamline meal prep, fuse global flavors, and inspire culinary creativity using OXO's award-winning products.

Viewers can expect engaging content, including behind-the-scenes glimpses into the chefs' routines and practical tips for enhancing their cooking with OXO tools.

Hydro Flask, a brand under Helen of Troy (NASDAQ: HELE), has launched its latest brand campaign, 'We Make It. You Own It.' The campaign emphasizes the company's commitment to delivering high-quality, meticulously designed reusable products that enhance consumer experiences. It highlights how customers personalize and use Hydro Flask products to express their individuality. The campaign will be rolled out globally across digital, social, and paid media platforms, including Hulu, Roku, and Amazon. Additionally, Hydro Flask is expanding its product collections with new styles, colors, and edition drops. The new Travel Bottle, featuring award-winning insulation and leakproof technology, is among the latest offerings.

Helen of Troy (NASDAQ: HELE) has announced the release date for its second quarter fiscal 2025 results. The company will disclose its financial performance before the stock market opens on Wednesday, October 9, 2024. Following the release, a conference call and webcast will be held at 9:00 a.m. Eastern Time on the same day.

The call will feature Noel Geoffroy (CEO), Brian Grass (CFO), and Sabrina McKee (SVP of Business Development and Investor Relations). Institutional investors and analysts can participate by dialing (877) 407-3982. The webcast will be available on the company's investor relations website. A replay of the call will be accessible until October 23, 2024.