HELE - Helen of Troy beats Q1 top and bottom line estimates; initiates FY24 outlook

2023-04-26 16:59:16 ET

• Helen of Troy press release ( NASDAQ: HELE ): Q4 Non-GAAP EPS of $2.01 beats by $0.13 .
• Revenue of $484.6M (-16.7% Y/Y) beats by $26.9M .
• Adjusted operating margin of 13.8%, compared to 12.5% for the same period last year.
• Net cash provided by operating activities of $158.7 million, an 8.8% increase compared to $145.9 million for the same period last year
• Adjusted EBITDA margin of 15.2%, compared to 13.5% for the same period last year.
• Initiates Fiscal 2024 Outlook : Consolidated Net Sales of $1.965-$2.015 Billion  vs. consensus of $2.05B; GAAP Diluted EPS of $3.98-$4.84; Adjusted Diluted EPS of $8.50-$9.00 vs. consensus of $9.31; Adjusted EBITDA Growth of 3.2%-6.3%; Free Cash Flow of $250-$270 MillionFurther Net Leverage Ratio Reduction to Between 2.0X and 1.85X by the End of Fiscal 2024.
• Project Pegasus on Track to Deliver $20M Fiscal 2024 Savings Target.

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