Helen Of Troy Ltd Stock Price, News & Analysis

Helen of Troy Limited (NASDAQ: HELE) reported a 10.6% decline in consolidated net sales for Q3 Fiscal 2023, totaling $558.6 million, compared to $624.9 million in Q3 Fiscal 2022. The GAAP diluted EPS fell 30.6% to $2.15, while Core adjusted diluted EPS decreased 26.1% to $2.75. The company has updated its Fiscal 2023 outlook, expecting net sales between $2.025 billion and $2.050 billion and GAAP diluted EPS to range from $4.82 to $5.11. They also announced restructuring efforts under Project Pegasus, aiming for operational cost savings.

Helen of Troy Limited (NASDAQ: HELE) will host a conference call on January 5, 2023 at 9:00 a.m. ET to discuss its Q3 fiscal results. A press release with the results will be issued beforehand. The call, led by CEO Julien Mininberg and CFO Matt Osberg, invites institutional investors to join via phone or online. Additionally, the company will participate in the 25th Annual ICR Conference from January 9-11, 2023 in Orlando, with a presentation scheduled for January 10 at 12:30 p.m. ET.

Helen of Troy Limited (HELE) reported a 9.7% increase in consolidated net sales to $521.4 million for the second quarter of fiscal 2023, driven by core business growth of 11.1%. However, GAAP diluted EPS decreased 39.3% to $1.28, with core adjusted diluted EPS down 14.3% to $2.27. The company updated its fiscal 2023 outlook with anticipated net sales of $2.00-$2.05 billion and diluted EPS between $4.26-$4.93, reflecting challenges from inflation and shifting consumer behaviors. To improve efficiency, Project Pegasus aims for annual savings of $75-$85 million.

Helen of Troy Limited (NASDAQ: HELE) will host a conference call on October 5, 2022, at 9:00 a.m. ET to discuss its Q2 fiscal year 2023 results. A press release will precede the call, which will be led by CEO Julien R. Mininberg, CFO Matt Osberg, and SVP Jack Jancin. Investors can join the call by dialing (877) 407-3982 or via a live webcast at investor.helenoftroy.com. A replay will be available post-call through October 12, 2022.

Vicks has launched VapoPads Plus, an enhanced scent pad designed to provide relief through improved humidification. Targeted for the upcoming fall and winter months, the non-medicated pads feature a stronger blend of menthol, eucalyptus, and essential oils, offering up to eight hours of soothing vapors. The timing aligns with rising indoor dryness as temperatures drop, making it an ideal product for maintaining comfort. VapoPads Plus is compatible with various vaporizers, increasing its market accessibility. Available at major retailers like Walmart, this launch highlights Vicks' commitment to wellness.

Helen of Troy Limited (NASDAQ: HELE) reported fiscal Q1 2023 results showing a 6.1% decline in consolidated net sales to $508.1 million, with core net sales down 2.5%. GAAP diluted EPS was $1.02, down 55.8%, while core adjusted diluted EPS fell 27.2% to $2.41. The company updated its 2023 outlook, projecting consolidated net sales of $2.15-$2.20 billion and diluted EPS of <$6.51-$7.11, reflecting macroeconomic challenges and changing consumer patterns. Growth was noted in the Home & Outdoor segment, driven by acquisitions.

Helen of Troy Limited (NASDAQ: HELE) will host a conference call on July 7, 2022, at 9:00 a.m. Eastern Time to discuss its first quarter fiscal year 2023 results. Prior to the call, a press release detailing the results will be released. The call will be led by CEO Julien R. Mininberg, CFO Matt Osberg, and SVP Jack Jancin. Interested analysts can join the call via phone or listen to the live webcast. A replay will be available for a week after the call.

Helen of Troy Limited (NASDAQ: HELE) has announced a yearlong partnership with GRAMMY® nominated artist Nicole Scherzinger as the new style ambassador for its Hot Tools brand. This collaboration will showcase Nicole’s signature hairstyles and promote various Hot Tools products through social media and exclusive editorial campaigns. Fans can look forward to behind-the-scenes content, as well as limited-edition Hairspiration Boxes filled with Nicole’s favorite Hot Tools items. The partnership aims to elevate brand visibility and connect with consumers through celebrity endorsement.

BFG Partners has sold CURLSMITH, a clean haircare brand focused on textured hair, to Helen of Troy (NASDAQ: HELE). CURLSMITH has rapidly grown into a $150M brand in just five years, primarily serving customers with various textured hair types. The acquisition aims to leverage Helen of Troy's resources to further enhance CURLSMITH's market presence and product offerings. The transaction highlights strong investor support and CURLSMITH's commitment to community engagement and sustainable growth.