Helen Of Troy Ltd - HELE STOCK NEWS

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.

BFG Partners has sold CURLSMITH, a clean haircare brand focused on textured hair, to Helen of Troy (NASDAQ: HELE). CURLSMITH has rapidly grown into a $150M brand in just five years, primarily serving customers with various textured hair types. The acquisition aims to leverage Helen of Troy's resources to further enhance CURLSMITH's market presence and product offerings. The transaction highlights strong investor support and CURLSMITH's commitment to community engagement and sustainable growth.

Helen of Troy Limited (NASDAQ: HELE) has appointed Tabata Gomez and Elena Otero to its Board of Directors, effective May 3, 2022. Gomez, currently President of the Hand Tools, Accessories & Storage Group at Stanley Black & Decker, brings significant marketing and operational experience. Otero, who recently retired as Chief Marketing Officer at Clorox, has over 30 years in the global consumer products industry. The Board will consist of ten directors, with nine being independent. The new members are expected to provide valuable insights as the company continues its Transformation strategy.

Helen of Troy Limited (NASDAQ: HELE) reported a 14.3% increase in consolidated net sales to $582.0 million for Q4 FY2022, with core net sales growing 17.2%. GAAP diluted EPS reached $1.64, a significant rise from $0.90 the previous year. For FY2022, consolidated net sales were $2.22 billion, marking a 5.9% growth. The company projects FY2023 consolidated net sales of $2.38 billion to $2.42 billion, reflecting a growth of 6.8% to 8.8%. Despite challenges like inflation, supply chain issues, and regulatory matters, CEO Julien R. Mininberg expressed optimism about continued growth.

Helen of Troy Limited (NASDAQ: HELE) has acquired Recipe Products Ltd., the maker of Curlsmith, for $150 million. Curlsmith offers a leading range of vegan and cruelty-free haircare products designed for curly and wavy hair. The acquisition is expected to enhance the company’s Beauty segment, contributing positively to sales growth, gross profit margin, and adjusted EBITDA. Curlsmith is projected to have net revenue of $40-$42 million for 2022. This strategic move aims to leverage the fast-growing textured haircare market, which is expanding rapidly compared to traditional haircare products.