Source: Davit Kirakosyan
Helen of Troy (NASDAQ:HELE) reported stronger-than-expected second-quarter earnings and maintained its full-year guidance, boosting shares by more than 17% intra-day today. The company posted an adjusted EPS of $1.21, surpassing Street expectations of $1.04, and revenue of $474.2 million, exceeding the forecasted $458.86 million. CEO Noel M. Geoffroy expressed satisfaction with the results, noting that the company is reaffirming its annual projections for net sales, adjusted EPS, and adjusted EBITDA. While net sales dipped by 3.5% year-over-year to $474.2 million due to softer performance in the Beauty & Wellness segment, the Home & Outdoor segment achieved a 0.8% growth. The gross profit margin fell to 45.6% from 46.7% last year, impacted by an unfavorable product mix and increased inventory-related costs. Helen of Troy maintained its fiscal 2025 guidance, projecting net sales between $1.885 billion and $1.935 billion and adjusted EPS in the range of $7.00 to $7.50, aligning with Street projections.
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