Brief: Helen Of Troy Ltd Reports Third Quarter Fiscal 2023 Results

Helen of Troy

05/01/2023 11:50

Jan 5 (Reuters) - Helen Of Troy Ltd  HELE.O :
    * HELEN OF TROY LIMITED REPORTS THIRD QUARTER FISCAL 2023
RESULTS
    * Q3 REVENUE FELL 10.6 PERCENT TO $558.6 MILLION
    * Q3 ADJUSTED NON-GAAP CORE EARNINGS PER SHARE $2.75
    * Q3 GAAP EARNINGS PER SHARE $2.15
    * : UPDATES FISCAL 2023 NET SALES AND DILUTED EPS OUTLOOK
    * : SEES  2023 CONSOLIDATED NET SALES TO $2.025-$2.050
BILLION
    * : SEES 2023 CONSOLIDATED DILUTED EPS TO $4.82-$5.11;
CONSOLIDATED ADJUSTED DILUTED EPS TO $9.20-$9.40
    * NEW STRUCTURE WILL REDUCE SIZE OF GLOBAL WORKFORCE BY
APPROXIMATELY 10%
    * MAJORITY OF ROLE REDUCTIONS WILL BE COMPLETED BY MARCH
1ST, 2023
    * : TOTAL ONE-TIME PRE-TAX RESTRUCTURING CHARGES OF
APPROXIMATELY
$85 MILLION TO $95 MILLION OVER DURATION OF PLAN
    * : ALL OF COMPANY'S OPERATING SEGMENTS AND SHARED SERVICES
WILL
BE IMPACTED BY RESTRUCTING PLAN.
    * NEARLY ALL OF REMAINING ROLE REDUCTIONS ARE EXPECTED TO BE
COMPLETED BEFORE END OF FISCAL YEAR 2024
    * Q3 EARNINGS PER SHARE VIEW $2.61, REVENUE VIEW $552.9
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $9.19, REVENUE VIEW $2.03
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw4BfZ2ta 
Further company coverage:  HELE.O 
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