HELE - Why Helen of Troy Stock Jumped Today
2023-04-27 14:57:39 ET
Shares of Helen of Troy (NASDAQ: HELE) were soaring Thursday after the diversified consumer products company posted better results than expected for its fiscal 2023 fourth quarter.
As of 1:33 p.m. ET, the stock was up by 21%.
Helen of Troy, which owns brands such as OXO, Hydro Flask, Vicks, Braun, and PUR, actually posted a decline in sales as many of its products are health-oriented, and it was lapping the peak of the COVID-19 omicron-variant surge. Core net sales fell by 16.2% year over year, and overall revenue was down 16.7% to $484.6 million, but that beat the consensus estimate of $457.7 million.
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Why Helen of Troy Stock Jumped Today