Welcome to our dedicated page for Helen Of Troy news (Ticker: HELE), a resource for investors and traders seeking the latest updates and insights on Helen Of Troy stock.
Helen Of Troy Ltd (NASDAQ: HELE) is a prominent global consumer products company known for its innovative solutions and diverse range of brands. The company operates through two primary segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment features products for food preparation, cooking, cleaning, organization, and outdoor activities like hydration, food storage, backpacks, and travel gear. Their Beauty & Wellness segment offers a variety of mass and prestige market beauty appliances, liquid-based hair and personal care products, and wellness devices such as thermometers, humidifiers, and air filtration systems.
Helen Of Troy has established a strong market position with brands like OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, and Drybar. The company emphasizes new product innovation, superior product quality, and competitive pricing, which contribute to its leadership in the consumer products market.
Recent Achievements: Helen Of Troy consistently updates its product line to meet consumer needs. For instance, Vicks®, a licensed brand, launched VapoPads Sinus, a new formula designed to provide symptomatic relief for sinus and allergy sufferers. This product aligns with the company’s goal to enhance consumer wellness by leveraging essential oils like menthol, chamomile, and citrus.
Financial Condition: Helen Of Troy has maintained a robust financial profile, supporting its strategic initiatives and continued growth. The company’s diversified brand portfolio and focus on high-quality, innovative products contribute to its sustained financial health.
Partnerships and Projects: In recent news, Osprey Packs, part of Helen Of Troy’s brand family, celebrated its 50th anniversary by introducing new high-performance carry solutions and expanding its Pro Series and Extended Fit lines. Osprey’s commitment to sustainability is evident through its products carrying the bluesign® certification, which ensures they meet stringent safety and environmental standards.
Helen Of Troy continues to make strides in its respective markets, driven by a commitment to quality, innovation, and consumer satisfaction. For more information, visit helenoftroy.com.
OXO, a consumer brand from Helen of Troy (NASDAQ: HELE), announces its fourth annual Chefs in Residence program featuring James Beard Award-winning chefs Marcus Samuelsson, Bricia Lopez, and Dan Kluger. The program aims to make professional techniques and inspiring recipes more accessible to home chefs, offering tips for everyday cooking and creative use of pantry staples with OXO's innovative tools.
This year's content series, 'Fresh Take with OXO Chefs in Residence,' addresses consumer challenges like convenience, budget-friendly cooking, exploring global flavors, gaining kitchen confidence, and minimizing food waste. The chefs will share recipes that streamline meal prep, fuse global flavors, and inspire culinary creativity using OXO's award-winning products.
Viewers can expect engaging content, including behind-the-scenes glimpses into the chefs' routines and practical tips for enhancing their cooking with OXO tools.
Hydro Flask, a brand under Helen of Troy (NASDAQ: HELE), has launched its latest brand campaign, 'We Make It. You Own It.' The campaign emphasizes the company's commitment to delivering high-quality, meticulously designed reusable products that enhance consumer experiences. It highlights how customers personalize and use Hydro Flask products to express their individuality. The campaign will be rolled out globally across digital, social, and paid media platforms, including Hulu, Roku, and Amazon. Additionally, Hydro Flask is expanding its product collections with new styles, colors, and edition drops. The new Travel Bottle, featuring award-winning insulation and leakproof technology, is among the latest offerings.
Helen of Troy (NASDAQ: HELE) has announced the release date for its second quarter fiscal 2025 results. The company will disclose its financial performance before the stock market opens on Wednesday, October 9, 2024. Following the release, a conference call and webcast will be held at 9:00 a.m. Eastern Time on the same day.
The call will feature Noel Geoffroy (CEO), Brian Grass (CFO), and Sabrina McKee (SVP of Business Development and Investor Relations). Institutional investors and analysts can participate by dialing (877) 407-3982. The webcast will be available on the company's investor relations website. A replay of the call will be accessible until October 23, 2024.
OXO, a brand under Helen of Troy (NASDAQ: HELE), has launched the OXO Rapid Brewer, an innovative portable coffee maker priced at $39.95. This compact device brews hot concentrated coffee in 2 minutes and smooth, low-acid cold brew in 5 minutes without the need for steeping, cords, or charging. Key features include:
- Portable and cordless design
- High-pressure extraction for rich flavor
- Versatility in creating various coffee concoctions
- Easy to use and clean
- Made with recycled content
The Rapid Brewer will be available on OXO.com and Amazon from September 17, 2024, and at Target from October 1, 2024. OXO has partnered with chef Dan Kluger for exclusive recipes and developed a microsite to enhance the user experience.
Helen of Troy (NASDAQ: HELE) has announced a new $500 million share repurchase authorization, effective August 20, 2024, for a three-year period. This replaces the existing authorization, of which $245.3 million remained. The repurchase, representing about 43% of outstanding common stock, can be executed through various means, including open market purchases and accelerated share repurchase programs.
CEO Noel M. Geoffroy stated that this move reflects confidence in the company's strategic initiatives, brand strength, and long-term growth opportunities. Helen of Troy, with approximately 22.8 million shares outstanding as of August 20, 2024, remains committed to growth investments and reducing its net leverage ratio by fiscal year-end.
Osprey, a leading innovator in carry solutions, is set to launch a revamped Transporter™ series for spring 2025. The redesign features the new NanoTough™ fabric technology, which is 100% recycled and bluesign® approved. This innovative material offers increased strength, abrasion resistance, and water resistance while being lighter and more environmentally friendly. The updated line includes:
- Expanded Transporter Duffels (30-150 liters)
- Transporter Wheeled Duffels
- Transporter Carry-On travel bags
- New Transporter Squffel™ (44L and 70L)
- Travel Packs (36L and 44L)
- Gear Totes, Roll Top backpack, Zinch backpack, and Sling bag
The collection will be available from February 2025 at osprey.com and specialty retailers globally.
Osprey Packs, a leader in innovative carry solutions, is set to launch an upgraded version of its best-selling Talon™ I Tempest Series for spring 2025. The update includes pro-level feature upgrades, sustainable material enhancements, expanded capacities, and Extended Fit sizing. Key improvements include:
1. Pro-level features borrowed from the Pro Series, offering improved structure and fit.
2. Sustainable materials with increased recycled content, building on the 2024 bluesign® PRODUCT certification.
3. Five capacity options ranging from 11 to 44-liters, plus a new 6-liter lumbar pack.
4. Extended Fit sizing for 6-liter and 33-liter models, joining the existing 22-liter EF pack.
The upgraded series, priced from $90 to $220, will be available in February 2025 through osprey.com and specialty retailers globally.
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.
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