EL PASO, Texas - Helen of Troy Limited (NASDAQ:HELE) reported better-than-expected second quarter results and reaffirmed its full-year guidance, sending shares up 2% in early trading Wednesday.
The consumer products company posted adjusted earnings per share of $1.21, surpassing analyst estimates of $1.04. Revenue came in at $474.2 million, beating expectations of $458.86 million.
"We are pleased to report second quarter results that were above expectations and we are reaffirming our annual outlook for net sales, adjusted EPS, and adjusted EBITDA," said CEO Noel M. Geoffroy.
Net sales declined 3.5% YoY to $474.2 million, primarily due to lower sales in the Beauty & Wellness segment. However, the Home & Outdoor segment saw 0.8% growth.
Gross profit margin decreased to 45.6% from 46.7% last year, mainly due to an unfavorable product mix and higher inventory obsolescence expenses.
For fiscal 2025, Helen of Troy maintained its outlook for net sales of $1.885-$1.935 billion and adjusted EPS of $7.00-$7.50, in line with analyst expectations.
The company said it continues to make progress on its "Reset and Revitalize" initiatives, including strengthening core brands and optimizing marketing efforts.
"I am proud of our team for their dedication and focus and remain confident we are on the right path to long-term profitable growth," Geoffroy added.
Helen of Troy ended the quarter with $20.1 million in cash and $713.2 million in total debt.
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