HELE - Helen of Troy Limited (HELE) Q4 2024 Earnings Call Transcript
2024-04-24 16:29:08 ET
Helen of Troy Limited (HELE)
Q4 2024 Earnings Conference Call
April 24, 2024, 09:00 AM ET
Company Participants
Jack Jancin - SVP, Corporate and Business Development
Noel Geoffroy - CEO
Brian Grass - CFO
Conference Call Participants
Peter Grom - UBS
Rupesh Parikh - Oppenheimer
Linda Bolton Weiser - D.A. Davidson
Olivia Tong - Raymond James
Susan Anderson - Canaccord Genuity
Presentation
Jack Jancin
Thank you, operator. Good morning, everyone. Welcome to the Helen of Troy Fourth Quarter Fiscal 2024 Earnings Conference Call.
The agenda for the call this morning is as follows. I'll begin with a brief discussion of forward-looking statements. Ms. Noel Geoffroy, the company's CEO will comment on business performance and key accomplishments and then provide some perspective as we begin the new fiscal year. Then, Mr. Brian Grass, the company's CFO, will review the financials in more detail and comment about current trends and expectations for the upcoming fiscal year. Following this, we will take questions you have for us today.
This conference call may contain certain forward-looking statements that are based on management's current expectations with respect to future events or financial performance. Generally, the words anticipates, believes, expects, and other words similar are words identifying forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that could cause anticipated results to differ materially from the actual results.
This conference call may also include information that may be considered non-GAAP financial information. These non-GAAP measures are not an alternative to GAAP financial information and may be calculated differently than the non-GAAP financial information disclosed by other parties. The company cautions listeners not to place undue reliance on forward-looking statements or non-GAAP information.
Before I turn the call over to Ms. Geoffroy, I would like to inform all interested parties that a copy of today's earnings release has been posted to the Investor Relations section of the company's website at www.helenoftroy.com. The earnings release contains tables that reconcile non-GAAP financial measures to their corresponding GAAP-based measures. The release can be obtained by selecting the Investor Relations tab on the company's home page and then the Press Releases tab.
I will now turn the call over to Ms. Geoffroy.
Noel Geoffroy
Thank you, Jack. Hello, everyone, and thank you for joining us today.
Today marks my first public remarks as Helen of Troy's CEO. I'm honored to lead this great organization with an inspiring purpose of elevating lives in moments that matter everywhere, every day, and I'm optimistic and energized by what lies ahead for the company.
Today, we reported fourth quarter results that came in ahead of our expectations. We exceeded the full year fiscal '24 consolidated net sales and adjusted EPS outlook we provided in January. During this fiscal year, we expanded gross profit margin by 390 basis points and increased adjusted operating margin by 50 basis points, even as we used fuel generated by Project Pegasus to make incremental strategic investments in our business....
Helen of Troy Limited (HELE) Q4 2024 Earnings Call Transcript