HELE - Why Helen of Troy Stock Popped Today
2023-07-10 12:12:50 ET
Shares of Helen of Troy (NASDAQ: HELE) were moving higher today after the diversified consumer products company posted better-than-expected results in its first-quarter earnings report even as sales continue to fall.
As of 10:51 a.m. ET, the stock was up 17.6%.
Helen of Troy -- which owns brands like OXO, Hydro Flask, Vicks, Braun, and PUR -- said that revenue in the quarter fell 6.6% to $474.7 million, which topped analysts' estimate of $465.4 million. Organic sales -- which eliminate the impact of acquisitions, divestitures, and foreign currency -- were down 7.7%.
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Why Helen of Troy Stock Popped Today