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, 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
Helen of Troy Limited (HELE) reported a 9.7% increase in consolidated net sales to $521.4 million for the second quarter of fiscal 2023, driven by core business growth of 11.1%. However, GAAP diluted EPS decreased 39.3% to $1.28, with core adjusted diluted EPS down 14.3% to $2.27. The company updated its fiscal 2023 outlook with anticipated net sales of $2.00-$2.05 billion and diluted EPS between $4.26-$4.93, reflecting challenges from inflation and shifting consumer behaviors. To improve efficiency, Project Pegasus aims for annual savings of $75-$85 million.
Helen of Troy Limited (NASDAQ: HELE) will host a conference call on October 5, 2022, at 9:00 a.m. ET to discuss its Q2 fiscal year 2023 results. A press release will precede the call, which will be led by CEO Julien R. Mininberg, CFO Matt Osberg, and SVP Jack Jancin. Investors can join the call by dialing (877) 407-3982 or via a live webcast at investor.helenoftroy.com. A replay will be available post-call through October 12, 2022.
Vicks has launched VapoPads Plus, an enhanced scent pad designed to provide relief through improved humidification. Targeted for the upcoming fall and winter months, the non-medicated pads feature a stronger blend of menthol, eucalyptus, and essential oils, offering up to eight hours of soothing vapors. The timing aligns with rising indoor dryness as temperatures drop, making it an ideal product for maintaining comfort. VapoPads Plus is compatible with various vaporizers, increasing its market accessibility. Available at major retailers like Walmart, this launch highlights Vicks' commitment to wellness.
Helen of Troy Limited (NASDAQ: HELE) reported fiscal Q1 2023 results showing a 6.1% decline in consolidated net sales to $508.1 million, with core net sales down 2.5%. GAAP diluted EPS was $1.02, down 55.8%, while core adjusted diluted EPS fell 27.2% to $2.41. The company updated its 2023 outlook, projecting consolidated net sales of $2.15-$2.20 billion and diluted EPS of <$6.51-$7.11, reflecting macroeconomic challenges and changing consumer patterns. Growth was noted in the Home & Outdoor segment, driven by acquisitions.
Helen of Troy Limited (NASDAQ: HELE) will host a conference call on July 7, 2022, at 9:00 a.m. Eastern Time to discuss its first quarter fiscal year 2023 results. Prior to the call, a press release detailing the results will be released. The call will be led by CEO Julien R. Mininberg, CFO Matt Osberg, and SVP Jack Jancin. Interested analysts can join the call via phone or listen to the live webcast. A replay will be available for a week after the call.
Helen of Troy Limited (NASDAQ: HELE) has announced a yearlong partnership with GRAMMY® nominated artist Nicole Scherzinger as the new style ambassador for its Hot Tools brand. This collaboration will showcase Nicole’s signature hairstyles and promote various Hot Tools products through social media and exclusive editorial campaigns. Fans can look forward to behind-the-scenes content, as well as limited-edition Hairspiration Boxes filled with Nicole’s favorite Hot Tools items. The partnership aims to elevate brand visibility and connect with consumers through celebrity endorsement.
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