Helen Of Troy Ltd - HELE STOCK NEWS

Julien Mininberg will retire as CEO of Helen of Troy Limited (NASDAQ: HELE) on February 29, 2024. He has served as CEO since 2014, overseeing significant growth, with net sales doubling to over $2 billion and adjusted earnings per share tripling. Noel Geoffroy, currently COO, has been appointed his successor, effective March 1, 2024. Under Mininberg's leadership, the company has focused on a consumer-centric vision and global restructuring through Project Pegasus, aimed at long-term growth. Geoffroy expressed confidence in continuing this trajectory, emphasizing brand development and operational excellence. The announcement comes before a scheduled earnings call on April 27, 2023.

Hot Tools, with over 30 years in the hair tools industry, has launched its first-ever liquids haircare line, Protect & Style Collection, exclusively at Ulta Beauty. This collection is designed to repair, restore, and protect hair from heat damage, featuring five core products: Restorative Heat Care Cleanse and Repair Shampoo, Repair and Protect Conditioner, Heat Defense Instant Detangling Mist, Heat Bonding Styler Recovery Cream, and Heat Complete Protective Flexible Hairspray. Each product is formulated without silicones and is clinically proven to protect hair up to 455°F. The collection's MSRP is $25 per item. This launch reflects Hot Tools' commitment to innovation and addressing consumer concerns regarding hair health when using heat styling tools.

Helen of Troy Limited (NASDAQ: HELE) announced it will release its fourth quarter and fiscal year 2023 results after market close on April 26, 2023. A conference call to discuss these results will take place on April 27, 2023, at 9:00 a.m. Eastern Time, hosted by key executives including Julien R. Mininberg, CEO. Institutional investors and analysts can access the call by dialing (877) 407-3982. A live webcast will also be available on the company's investor page. The earnings call replay will be accessible from April 27 at 12:00 p.m. until May 11, 2023. Helen of Troy is recognized for its diverse portfolio of brands, including OXO and Hydro Flask, offering consumer products across multiple sectors.

Hydro Flask, a brand under Helen of Troy Limited (NASDAQ: HELE), has launched a pioneering Trade-In program in the U.S. This program enables customers to recycle used Hydro Flask products, including bottles and tumblers, for store credit. Customers will receive a $5.00 promo code for each item returned, encouraging responsible disposal and sustainability. Since 2017, Hydro Flask has recycled over 100,000 pounds of materials. The initiative aligns with the brand's commitment to reducing waste and promoting a circular economy, and it supports wider environmental goals through ongoing corporate responsibility efforts.

Helen of Troy Limited (NASDAQ: HELE) has announced the resignation of CFO Matt Osberg, effective April 27, 2023, as he pursues another opportunity in Minnesota. During his tenure, Osberg played a crucial role in enhancing the Finance Department. Brian Grass, former CFO, will serve as Interim CFO starting April 28, 2023. The company is initiating a search for a permanent CFO. CEO Julien R. Mininberg expressed gratitude for Osberg's contributions and welcomed Grass back for his expertise and leadership.

OXO, part of Helen of Troy Limited (NASDAQ: HELE), has expanded its partnership with nonprofits focused on sustainable food systems, adding new grantees under its 1% for the Planet commitment. Since 2020, OXO has increased its nonprofit partners from 5 to 20, supporting efforts to improve food education, recovery, and access globally. Their initiatives have led to significant environmental impact, preventing over 1,036 metric tons of greenhouse gas emissions and providing over 855,210 meals to those in need. This expansion reflects OXO's dedication to addressing pressing environmental issues and enhancing community well-being through innovative food programs.

Helen of Troy Limited (NASDAQ: HELE) reported a 10.6% decline in consolidated net sales for Q3 Fiscal 2023, totaling $558.6 million, compared to $624.9 million in Q3 Fiscal 2022. The GAAP diluted EPS fell 30.6% to $2.15, while Core adjusted diluted EPS decreased 26.1% to $2.75. The company has updated its Fiscal 2023 outlook, expecting net sales between $2.025 billion and $2.050 billion and GAAP diluted EPS to range from $4.82 to $5.11. They also announced restructuring efforts under Project Pegasus, aiming for operational cost savings.

Helen of Troy Limited (NASDAQ: HELE) will host a conference call on January 5, 2023 at 9:00 a.m. ET to discuss its Q3 fiscal results. A press release with the results will be issued beforehand. The call, led by CEO Julien Mininberg and CFO Matt Osberg, invites institutional investors to join via phone or online. Additionally, the company will participate in the 25th Annual ICR Conference from January 9-11, 2023 in Orlando, with a presentation scheduled for January 10 at 12:30 p.m. ET.