OXO Parent Helen of Troy Stock Falls as It Lowers Profit Forecast
Portfolio Pulse from
Helen of Troy Limited (HELE) shares dropped 4% after the company reported a decline in quarterly sales and reduced its full-year profit forecast due to decreased demand for beauty and wellness products.
January 08, 2025 | 5:45 pm
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Helen of Troy Limited's stock fell 4% following a reduction in its full-year profit forecast and a decline in quarterly sales, attributed to lower demand for beauty and wellness products.
The company's lowered profit forecast and declining sales directly impact investor sentiment, leading to a 4% drop in stock price. The news is highly relevant and important for investors as it indicates potential challenges in the company's core markets.
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