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LOS ANGELES, July 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Helen of Troy Limited ("Helen of Troy" or the "Company") (NASDAQ: HELE) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. On July 9, 2024, Helen of Troy released its first quarter fiscal 2025 financial results, reporting that "net sales revenue decreased $57.8 million, or 12.2%, to $416.8 million, compared to $474.7" the year prior. The Company a ...

The reported revenue represents a surprise of -6.59% over the Zacks Consensus Estimate of $446.23 million. With the consensus EPS estimate being $1.59, the EPS surprise was -37.74%. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Net sales- Beauty & Wellness: $218.39 million compared to the $225.01 million average estimate based on three analysts. The reported ...

Helen of Troy Limited (HELE) posted drab first-quarter fiscal 2025 results, with the top and the bottom line missing the Zacks Consensus Estimate and declining year over year. Management lowered its fiscal 2025 outlook. Quarter in Detail Adjusted earnings of 99 cents per share missed the Zacks Consensus Estimate of $1.59 and declined 49% year over year. The downside was due to reduced adjusted operating income and higher tax rates. These were somewhat countered by lower interest expense. Consolidated net sa ...

SAN FRANCISCO, July 10, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Helen of Troy Ltd. (NASDAQ: HELE) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/hele Contact the Firm Now: HELE@hbsslaw.com 844-916-0895 Investigation into Helen of Troy Ltd. (HELE): Helen of Troy Ltd. (HELE) finds itself under increased scrutiny regarding the ...

On July 9, 2024, Helen of Troy announced its first-quarter revenue and profits, simultaneously slashing its fullyear outlook for sales and earnings. Following this news, the Company's stock experienced a sharp decline, plummeting by 27% in pre-market trading. Contact Information: NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Helen of Troy Limited ("Helen of Troy" or the "Company") (NASDA ...

Key Takeaways Consumers are stretched, choosing essential spending over discretionary items, Helen of Troy executives said Tuesday. "The macro environment and the health of consumers and retailers has worsened," Helen of Troy CEO Noel Geoffroy said on a conference call. The news comes ahead of other high-profile earnings reports set for release this week, including announcements from PepsiCo, Conagra, and Delta Air Lines. Consumers are stretched, choosing essential spending over discretionary items, Helen o ...

Across both of Helen of Troy's segments, home and outdoor revenue was down 8.6%, while beauty and wellness was down 15.2%. The across-the-board declines seemed to signal a broader weakness in home-related spending and not a specific competitive threat. The consumer appears to be under pressure. Shares of Helen of Troy (HELE -27.73%) were plunging in Tuesday trading, down 27.4% as of 12:53 p.m. ET. The consumer products company, which produces brands such as OXO kitchen supplies and Braun shaving products, r ...

Core Viewpoint - Helen of Troy Ltd (HELE) reported disappointing fiscal Q1 2025 results, missing both EPS and revenue estimates, leading to a nearly 30% drop in share price. The company has lowered its full-year guidance significantly, indicating a challenging demand environment and increased competition [3][10][5]. Financial Performance - The company posted a non-GAAP EPS of $0.99, below the consensus forecast of $1.59, and down from $1.94 in the prior-year quarter [3]. - Revenue for the quarter was $417 million, a decline of 12.2% year-over-year, and also fell short of market estimates of approximately $446 million [3]. - The Home & Outdoor segment saw an 8.6% decline in sales, while the Beauty & Wellness group experienced a more significant 15.3% drop in organic revenue [11]. Management Commentary - CEO Noel Geoffroy expressed disappointment over the quarter, citing numerous internal and external challenges that impacted sales and EPS [13]. - Management has sharply reduced its full-year targets for net sales, adjusted EBITDA, EPS, and free cash flow, projecting a larger decline compared to previous estimates [5][14]. Market Reaction - The magnitude of the earnings miss and the adjustments to the full-year outlook contributed to a negative market reaction, with shares dropping nearly 30% [6][10]. - The ongoing weak trends raise concerns about the effectiveness of the company's restructuring efforts and its ability to make further adjustments [7]. Operational Insights - Despite the challenges, the company maintains ongoing profitability and positive free cash flow, albeit at reduced levels [8]. - The gross margin improved to 48.7% from 45.4% last year, but the adjusted operating margin declined to 10.3% from 13.9% in the same period last year [12]. Future Outlook - The updated outlook for fiscal 2025 includes net sales projected between $1.885 billion and $1.935 billion, a decrease of 5% year-over-year [14]. - Adjusted EBITDA is expected to be between $287 million and $297 million, reflecting a 13% decline from prior forecasts [14]. - The company initiated a cost reduction strategy known as the "Pegasus Project," aiming for $85 million in annual pre-tax operating profit improvements by fiscal 2027 [15]. Valuation Considerations - The current net debt stands at $732 million, with an adjusted EBITDA trajectory of around $290 million, resulting in a net leverage ratio of 2.5x [17]. - HELE is trading at approximately a 9x forward price-to-earnings multiple based on management's 2025 midpoint EPS guidance [17].

We often follow Helen of Troy Limited (NASDAQ:HELE), an early earnings reporter, before the banks traditionally kick off earnings. Earlier in the year, we suggested closing out a winning trade, and considering running a house position forever and ever to capture long-term (as in multi-decade) future returns. While the call to take profits was prescient, as the stock pretty much near-term topped out around that call, shares have been crushed of late, most notably after the just-reported fiscal Q1 earnings. I ...