Helen Of Troy Ltd Stock Price, News & Analysis

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.

Helen of Troy Limited (NASDAQ: HELE) has appointed Tabata Gomez and Elena Otero to its Board of Directors, effective May 3, 2022. Gomez, currently President of the Hand Tools, Accessories & Storage Group at Stanley Black & Decker, brings significant marketing and operational experience. Otero, who recently retired as Chief Marketing Officer at Clorox, has over 30 years in the global consumer products industry. The Board will consist of ten directors, with nine being independent. The new members are expected to provide valuable insights as the company continues its Transformation strategy.

Helen of Troy Limited (NASDAQ: HELE) reported a 14.3% increase in consolidated net sales to $582.0 million for Q4 FY2022, with core net sales growing 17.2%. GAAP diluted EPS reached $1.64, a significant rise from $0.90 the previous year. For FY2022, consolidated net sales were $2.22 billion, marking a 5.9% growth. The company projects FY2023 consolidated net sales of $2.38 billion to $2.42 billion, reflecting a growth of 6.8% to 8.8%. Despite challenges like inflation, supply chain issues, and regulatory matters, CEO Julien R. Mininberg expressed optimism about continued growth.

Helen of Troy Limited (NASDAQ: HELE) has acquired Recipe Products Ltd., the maker of Curlsmith, for $150 million. Curlsmith offers a leading range of vegan and cruelty-free haircare products designed for curly and wavy hair. The acquisition is expected to enhance the company’s Beauty segment, contributing positively to sales growth, gross profit margin, and adjusted EBITDA. Curlsmith is projected to have net revenue of $40-$42 million for 2022. This strategic move aims to leverage the fast-growing textured haircare market, which is expanding rapidly compared to traditional haircare products.

Helen of Troy Limited (NASDAQ: HELE) will host a conference call on April 27, 2022, at 9:00 a.m. ET to discuss its fourth quarter and fiscal year 2022 results. A press release with detailed results will be issued prior to the call. The call features CEO Julien R. Mininberg, CFO Matt Osberg, and SVP Corporate Business Development Jack Jancin. Institutional investors can participate by dialing (877) 407-3982 or via live webcast at investor.helenoftroy.com.

Helen of Troy Limited (NASDAQ: HELE) announced a fireside chat featuring Dr. Bernice A. King and CEO Julien R. Mininberg on February 9th at their Southaven, Mississippi Distribution Center. The event will celebrate African American contributions to society and will be broadcast live to associates across the U.S. and Canada. Dr. King will discuss her parents' legacy and the importance of diversity and inclusion, as emphasized by Mininberg. This initiative reflects Helen of Troy's commitment to an inclusive culture.

Helen of Troy Limited (NASDAQ: HELE) will participate in the 24th Annual ICR Conference from January 10-12, 2022. Key executives, including CEO Julien Mininberg, CFO Matt Osberg, and Sr. VP Jack Jancin, will host a virtual fireside chat on January 11 at 2:00 p.m. Eastern Time. The event will be available for live streaming on their investor relations website, with an online archive accessible for one year afterward.

The company, known for brands like OXO and Hydro Flask, offers a wide range of consumer products.

Helen of Troy Limited (NASDAQ: HELE) reported third-quarter fiscal 2022 results with consolidated net sales of $624.9 million, a 2% decline from fiscal 2021, but a 31.6% increase from fiscal 2020. Core business net sales grew by 0.4% year-over-year. GAAP diluted EPS was $3.10, down from $3.34 last year, while core adjusted diluted EPS rose 3% to $3.72. The company raised its fiscal year diluted EPS outlook to $8.25-$8.59 and net sales outlook to $2.095-$2.115 billion, reflecting strong demand in Housewares and Beauty segments despite challenges in Health & Home.