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EL PASO, Texas - Helen of Troy Limited (NASDAQ:HELE) reported better-than-expected second quarter fiscal 2026 results on Thursday, with adjusted earnings and revenue exceeding analyst estimates despite ongoing challenges from tariffs and softer consumer demand.
The company’s stock rose 1.41% in pre-market trading following the announcement.
The designer and marketer of branded consumer products posted adjusted earnings per share of $0.59, surpassing the analyst estimate of $0.53, while revenue reached $431.8 million, ahead of the consensus estimate of $416.78 million. Despite these positive results, both figures marked significant declines from the same period last year, with adjusted EPS falling 51.2% from $1.21 and revenue dropping 8.9% from $474.2 million.
"While we are not satisfied with our results, the second quarter marked a step forward with net sales and adjusted earnings per share at the better end of our guidance," said Brian L. Grass, Chief Financial Officer. "We continue to adapt to significant business disruption and cost headwinds, which are considered in our outlook for the remainder of the year."
The company recorded a GAAP loss of $13.44 per share, primarily due to non-cash asset impairment charges of $326.4 million ($294.0 million after tax) that reduced goodwill by $292.6 million and other intangible assets by $33.8 million.
By segment, Home & Outdoor net sales decreased 13.7% to $208.7 million, while Beauty & Wellness net sales fell 4.0% to $223.1 million. The Beauty & Wellness segment benefited from a $33.4 million contribution from the Olive & June acquisition, which partially offset an 18.2% decline in organic business.
Gross profit margin contracted to 44.2% from 45.6% in the prior year, primarily due to the unfavorable impact of higher tariffs, which decreased consolidated gross profit margin by approximately 200 basis points.
For fiscal 2026, Helen of Troy lowered its adjusted EPS guidance to $3.75-$4.25, below the analyst consensus of $4.58, while maintaining revenue expectations of $1.74-$1.78 billion, in line with the consensus of $1.75 billion.
"I joined Helen of Troy last month with a deep admiration for its global brands, differentiated product solutions, solid financial foundation, and dedicated associates," said CEO G. Scott Uzzell. "While I continue to listen and learn, I am confident in our ability to engineer a great comeback story."
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