HELE - Why Hydro Flask Maker Helen Of Troy's Shares Are Falling Today | Benzinga
Helen Of Troy Limited (NASDAQ: HELE) reported a second-quarter FY24 sales decline of 5.7% year-on-year to $491.56 million, beating the analyst consensus estimate of $484.80 million.
The decrease in sales was primarily driven by a decrease from Organic business of $31.2 million, or 6.0%, due to lower sales of heaters, fans, and humidification products in Beauty & Wellness primarily driven by softer consumer demand, SKU rationalization efforts, and reduced orders from retail customers as they rebalance trade inventory in line with softer consumer demand in certain categories.
Total net sales revenue for the Home & Outdoor segment fell 0.2% Y/Y, and Beauty & Wellness decreased 10.4%.
Adjusted EPS of $1.74 beat the consensus estimate of $1.64.
Gross profit margin increased 420 basis points to ...