Why Hydro Flask Maker Helen Of Troy's Shares Are Falling Today
Portfolio Pulse from Shivani Kumaresan
Helen Of Troy Limited (NASDAQ:HELE) reported a 5.7% YoY decline in Q2 FY24 sales to $491.56 million, beating the analyst consensus estimate of $484.80 million. The decrease was primarily due to lower sales of heaters, fans, and humidification products in Beauty & Wellness. The company also announced that Brian L. Grass will remain as CFO. Despite the sales decline, the company continues to expect FY24 revenue of $1.965 billion - $2.015 billion. HELE shares are trading lower by 6.952% at $105.74 in premarket.
October 04, 2023 | 12:57 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Helen Of Troy Limited reported a 5.7% YoY decline in Q2 FY24 sales, but beat analyst estimates. The company's shares are trading lower.
The company reported a decline in sales, which is generally seen as a negative signal by the market. Despite beating analyst estimates, the market reaction has been negative, with shares trading lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100