Helen Of Troy Stock Crushes Q2 Expectations Despite Beauty & Wellness Setback
Portfolio Pulse from Akanksha Bakshi
Helen Of Troy Ltd (NASDAQ:HELE) shares rose after surpassing Q2 expectations, despite a decline in Beauty & Wellness sales. The company reaffirmed its FY25 sales and EPS outlook, with a 3.5% sales decline to $474.221 million, beating the $458.237 million consensus. Adjusted EPS fell 34.1% YoY to $1.21, surpassing the $1.04 estimate. The company expects FY25 net sales of $1.885 billion – $1.935 billion and adjusted EPS of $7.00 – $7.50.
October 09, 2024 | 12:39 pm
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POSITIVE IMPACT
Helen Of Troy's Q2 results exceeded expectations, leading to a 12.6% premarket share increase. Despite a 3.5% sales decline, the company beat revenue and EPS estimates, reaffirming its FY25 outlook. The Beauty & Wellness segment saw a 7.7% decline, but Home & Outdoor sales rose 0.8%.
HELE's better-than-expected Q2 results, despite a sales decline, led to a significant premarket share price increase. The reaffirmation of FY25 outlook and beating of revenue and EPS estimates are positive indicators for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100