HELE - Hydro Flask Maker Helen Of Troy's FY24 Outlook Hit By Continued Pressure On Consumer Spending: Details | Benzinga
Helen Of Troy Ltd (NASDAQ: HELE) reported a third-quarter FY24 revenue decline of 1.6% year-on-year to $549.61 million, beating the analyst consensus estimate of $543.63 million.
The decrease in sales was primarily driven by a decrease from organic business of $13.6 million, or 2.4%, due to lower sales of hair appliance, humidification and air filtration products in Beauty & Wellness driven by softer consumer demand.
Total net sales revenue for the Home & Outdoor segment grew 3.1% Y/Y, and Beauty & Wellness decreased 4.9%.