OXO Parent Helen of Troy Stock Falls as It Lowers Profit Forecast

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  • Jan 08, 2025
OXO Parent Helen of Troy Stock Falls as It Lowers Profit Forecast


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Shares of Helen of Troy Limited ( HELE ) fell 4% Wednesday when the maker of household and beauty products reported a drop in quarterly sales and lowered its full-year profit guidance on falling demand for beauty and wellness items.

The company reported third-quarter fiscal 2025 revenue declined 3% year-over-year to $530.7 million, while analysts surveyed by Visible Alpha were looking for $532.7 million. Net income came in at $49.6 million, also short of forecasts, although adjusted earnings per share (EPS) of $2.67 beat estimates.

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.

CEO Noel Geoffroy said the company "continued to navigate a difficult consumer spending environment."

Helen of Troy Lowers FY EPS Outlook, Narrows Revenue Guidance

Helen of Troy lowered its guidance for full-year EPS to $4.60 to $5.02 from $4.69 to $5.45, and narrowed its revenue outlook to a range of $1.888 billion to $1.913 billion from $1.885 billion to $1.935 billion.

Helen of Troy shares have lost more than half their value in the past year.

OXO Parent Helen of Troy Stock Falls as It Lowers Profit Forecast

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