Helen Of Troy Ltd - HELE STOCK NEWS

Osprey Packs is set to launch two Poco™ Soft Child Carriers in Spring 2025, expanding its family-oriented product line. These carriers, priced at $135 for the standard model and $120 for the LT version, are designed for outdoor adventures and everyday use respectively. Key features include:

- Three carrying positions: facing in, facing out, and back carry
- Breathable 3D ventilated mesh fabric
- Capacity to hold up to 33 pounds
- Machine-washable
- Made with bluesign® approved, 100% recycled nylon
- First certified bluesign® PRODUCT child carrier in the market

The carriers will be available from January 2025 at osprey.com and specialty retailers worldwide, complementing Osprey's existing range of family-oriented products.

Helen of Troy (NASDAQ: HELE) reported a 12.2% decline in consolidated net sales for Q1 FY2025, totaling $416.8 million. GAAP diluted EPS dropped to $0.26 from $0.94, while adjusted diluted EPS fell to $0.99 from $1.94. Gross profit margin increased by 330 basis points to 48.7%. The company generated $25.3 million in cash flow from operations and $16.2 million in free cash flow.

For FY2025, Helen of Troy lowered its consolidated net sales outlook to $1.885-$1.935 billion and reduced its GAAP diluted EPS forecast to $4.69-$5.45 and adjusted diluted EPS to $7.00-$7.50. The adjusted EBITDA forecast was also lowered to $287-$297 million, with free cash flow expected between $220-$240 million.

Project Pegasus is on track to deliver $26-$30 million in savings. The company aims to reduce its net leverage ratio to 1.6x-1.5x by year's end.

Osprey Packs is expanding its focus on running by adding four elite athletes to its team and releasing a short documentary titled 'Training For Western States'. The film, produced by Ryan Thrower, features athletes Rachel Drake and Tyler Green, who will compete in the 2024 Western States Endurance Run. New team member Leah Yingling, who has finished in the top 10 twice at the Western States 100, joins them. Additionally, Osprey has added Mike McMonagle, Katie Asmuth, and Grayson Murphy to its roster. These investments are complemented by the release of new products in the Duro® | Dyna Family, including the Duro Dyna LT Belt. Fans can view the documentary on Freetrail's YouTube channel and follow the Western States 100 race on June 29-30.

Helen of Troy (NASDAQ: HELE) will release its Q1 fiscal 2025 results on July 9, 2024, before the market opens. A conference call to discuss the results will follow at 9:00 a.m. Eastern Time on the same day. The call will be hosted by CEO Noel Geoffroy, CFO Brian Grass, and SVP Sabrina McKee. Institutional investors and analysts can dial (877) 407-3982 to participate. The call will also be webcast live on the company's investor relations website. A telephone replay will be available from 1:00 p.m. Eastern Time on July 9, 2024, until 11:59 p.m. Eastern Time on July 23, 2024, by dialing (844) 512-2921 and entering replay pin 13747234. The webcast replay will be accessible for one year.

Helen of Troy has appointed Razorfish as its Creative Agency of Record. Razorfish will develop strategic positioning and creative campaigns to strengthen Helen of Troy's brand portfolio.

The selection process, facilitated by R3, involved more than a dozen agencies. Razorfish stood out due to its data-backed proposals and understanding of consumer journeys.

Chris Osner-Hackett, Helen of Troy's Global Chief Marketing Officer, expressed confidence in Razorfish's ability to elevate their brands.

This partnership is part of Razorfish's continued streak of creative and innovation accolades, including being named the 2024 Most Innovative Agency by Campaign US in April.

Helen of Troy reported solid fourth-quarter fiscal 2024 results with 1.0% net sales growth, GAAP diluted EPS growth of 19.3%, and adjusted diluted EPS growth of 21.9%. The company also saw operating margin expansion and adjusted EBITDA margin growth. The outlook for fiscal 2025 includes consolidated net sales of $1.965-$2.025 billion, GAAP diluted EPS of $6.68-$7.45, adjusted diluted EPS of $8.70-$9.20, adjusted EBITDA of $324-$331 million, and free cash flow of $255-$275 million. The company aims to reduce net leverage ratio to between 1.25X and 1.00X by the end of fiscal 2025.

Helen of Troy (HELE) will release its Q4 and fiscal year 2024 results on April 24, 2024. A conference call with the CEO, CFO, and VP of Corporate Business Development will follow to discuss the results. Institutional investors and analysts can participate by dialing in or joining the webcast. A replay will be available for both the call and webcast.

Hydro Flask, a brand under Helen of Troy (NASDAQ: HELE), announces the selection of fifteen impactful grantees for its Parks For All giving program in 2024, contributing over $395,000 in grants. The brand has reached a lifetime contribution of over $3.7 million, supporting over 241 nonprofit organizations. The program focuses on park development, restoration, equitable access initiatives, and reducing disposable plastic usage.

Helen of Troy Limited (NASDAQ: HELE) reported a 1.6% decline in consolidated net sales, with GAAP Diluted EPS of $3.19 and Adjusted Diluted EPS of $2.79. The company also saw a 570 basis points expansion in GAAP operating margin and reported a cash flow from operations of $74.7 million. The fiscal 2024 outlook includes a narrowed net sales range of $1.975-$2.0 billion and adjusted EBITDA reduction to $330-$335 million, with a maintained free cash flow of $250-$270 million.