Helen of Troy inventory inches larger after beating Q3 earnings estimates

NEW YORK – Helen of Troy Restricted (NASDAQ:HELE) reported better-than-expected third quarter earnings on Wednesday, whereas narrowing its full-year steerage vary. The patron merchandise firm’s inventory rose 0.94% following the outcomes.

Helen of Troy posted adjusted earnings per share of $2.67 for the fiscal third quarter, surpassing analyst estimates of $2.60. Nevertheless, income of $530.7 million fell in need of expectations for $534.31 million and declined 3.4% year-over-year.

The corporate’s Residence & Out of doors section noticed 4.3% gross sales development, whereas Magnificence & Wellness income dropped 9.3% resulting from a weak winter sickness season and softer client demand in sure classes.

“Our third quarter outcomes have been inside our prime and bottom-line expectations whilst we continued to navigate a tough client spending surroundings,” mentioned CEO Noel M. Geoffroy.

For fiscal 2025, Helen of Troy narrowed its outlook, now anticipating adjusted EPS of $7.15-$7.40 on income of $1.888-$1.913 billion. This compares to earlier steerage for EPS of $7.00-$7.50 on income of $1.895-$1.975 billion.

The corporate additionally accomplished its acquisition of nail care model Olive & June in December, which is predicted to be instantly accretive.

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