Helen of Troy jumps on upbeat Q2 results

Helen of Troy

09/10/2024 15:40

** Shares of home and beauty products maker Helen of Troy
 HELE.O  up 21% at $75.13, touching a three-month high
    ** Co reports better-than-expected Q2 results, bouncing back
from a disappointing first quarter
    ** Q2 adj. EPS at $1.21 is above estimates compiled by LSEG
of $1.05
    ** Qtrly. rev. of $474.2 mln beats analysts' expectations of
$458.2 mln - LSEG data
    ** HELE leaves FY outlook unchanged after trimming them in
the previous quarter
    ** Still, co flags macro uncertainties including lingering
inflation and waning demand for the rest of the year
    ** Expects free cash flow in the range of $180 mln to $200
mln, compared to the previous range of $200 mln to $240 mln
    ** Including session's gains, stock down 37.3% YTD

 (Reporting by Sukriti Gupta in Bengaluru)
 ((Sukriti.Gupta@thomsonreuters.com;))