What you need to know
- Helen of Troy failed to meet quarterly and net profit targets due to the decline in beauty and wellbeing products.
- Revenue reported by the company for fiscal quarter three 2025 was down 3% from last year.
- Helen of Troy has also reduced its earnings forecast for the full year and lowered sales expectations.
Helen of Troy Limited shares fell by 4% on Wednesday after the manufacturer of beauty and household products announced a decline in sales for its third quarter and reduced profit forecasts for 2018. This was due to a fall in demand of beauty and wellness goods.
Visible Alpha surveyed analysts who expected revenue of $532.7 million. The third quarter fiscal 2025 revenues were down 3% from the previous year to $530.7 millions. Although the company missed forecasts by $49.6million, its adjusted earnings (EPS) was $2.67, beating expectations.
Sales at the Beauty & Wellness segment fell 9% to $284.6 million, which Helen of Troy blamed on "weak winter and illness season, a decline in sales of hair appliances due to softer consumer demand, increased competition, a net distribution decline year-over-year, and a decrease in water filtration due to the previously disclosed expiration of an out-license relationship and category softness."
Home & Outdoor unit sales rose 4% to $246.1 million, driven higher by demand for insulated beverageware.
Noel Geoffroy is the company’s CEO “continued to navigate a difficult consumer spending environment.”
Helen of Troy lowers its FY earnings guidance and narrows revenue expectations
Helen of Troy has lowered the guidance it gave for its full-year earnings per share to $4.60 – $5.02, from $4.69 – $5.45. It also lowered its revenue forecast to $1.888 bn to $1.913 bn from $1.885 bn to $1.935 mn.
Helen of Troy shares are down more than 50% in value over the past 12 months.
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