Helen of Troy rises on plan to cut about 10% of workforce

Helen of Troy

05/01/2023 14:35

** Shares of home and beauty products maker Helen of Troy
Ltd  HELE.O  up 2.3% at $115.75 in premarket trade
    ** HELE to reduce workforce by ~10%; co had 2,146 full-time
associates worldwide, as of Feb. 28, 2022
    ** Majority of job cuts will be completed by Mar. 1, co says
    ** Separately, HELE reports 10.6% fall in Q3 revenue to
$558.6 mln; Adj EPS of $2.75  urn:newsml:reuters.com:*:nTUA1QRYKM
    ** Co updates full-year net sales outlook to between $2.025
bln and $2.05 bln vs earlier expectation of $2 bln-$2.05 bln
    ** In 2022, stock fell 54.6%
 (Reporting by Samrhitha Arunasalam)
 ((Samrhitha.A@thomsonreuters.com))