Helen of Troy drops on gloomy annual forecast

Helen of Troy

08/01/2025 17:24

** Home and beauty products maker Helen of Troy's  HELE.O 
shares fall as much as 10% to $53.32, lowest since Sept. 11
    ** Company forecasts FY25 consolidated net sales to decline
in the range of 4.6% to 5.8%, steeper than the prior target of a
3.5% to 6% drop
    ** Says sales were impacted by lingering inflation, a
decrease in discretionary purchases, and executional challenges
at its Tennessee distribution facility that occurred in the
first quarter
    ** Tightens its adj. earnings per share forecast to a range
of $7.15 to $7.40 from the prior range of $7.00 to $7.50
    ** Reports Q3 net sales down 3.4% to $530.7 mln, missing
estimates of $533.1 mln, according to data compiled by LSEG
    ** Two of six brokerages rate the stock "buy" or higher,
four "hold"; their median PT is $85
    ** HELE stock fell about 50% in 2024

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))