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.
Helen of Troy Limited (NASDAQ: HELE) will host a conference call on January 6, 2022, at 9:00 a.m. Eastern Time to discuss its third quarter fiscal year 2022 results. A press release with detailed results will be available prior to the call. Key executives, including Julien R. Mininberg, will lead the discussion. Investors can access the call by dialing (877) 407-3982 or can join via a live webcast at investor.helenoftroy.com. A replay will be available for one week following the call.
Helen of Troy (NASDAQ: HELE) announced a definitive agreement to acquire Osprey Packs, Inc. for approximately $414 million in cash, expected to enhance its outdoor product offerings and accelerate international growth. The acquisition is anticipated to boost consolidated sales growth, adjusted EBITDA margin, and cash flow. Osprey’s revenue for 2021 is projected between $155-$160 million. This strategic move aligns with Helen of Troy’s ESG philosophy and is expected to enhance brand synergy, particularly in the outdoor adventure category, leveraging both companies’ strengths.
Hot Tools®, a brand of Helen of Troy Limited (NASDAQ:HELE), announces its second-year sponsorship with the Country Music Association for the 55th Annual CMA Awards. Artists Brittney Spencer, Carly Pearce, and the duo Maddie & Tae will showcase Hot Tools hairstyles on the red carpet and during performances. Hot Tools emphasizes creativity in styling, and the partnership aims to inspire fans. The CMA Awards will be broadcast live from Nashville on November 10, 2021. For more details, visit www.HotTools.com.
White Oak Global Advisors announced a $51.5 million commitment for senior secured term debt financing to HRB Brands LLC for acquiring a portfolio of personal care brands from Helen of Troy Limited (NASDAQ: HELE). The acquisition includes well-known brands such as Brut, Pert, Sure, and Ammens. HRB, supported by Tengram Capital Partners, is a major player in North America's personal care sector, maintaining leading positions in hair care and skin cleansing. White Oak's financing aims to enhance HRB's portfolio and operational value.
Helen of Troy Limited (NASDAQ: HELE) reported net sales of $475.2 million for Q2 FY2022, a 10.5% decline from FY2021, primarily driven by a 33.1% drop in Health & Home segment sales due to EPA compliance issues. However, the company raised its FY2022 diluted EPS outlook to $7.88-$8.31, reflecting confidence in its performance despite challenges. Core diluted EPS decreased 29.7% to $2.65, while adjusted diluted EPS was set between $11.26-$11.56. Overall, the firm is navigating inflationary pressures and regulatory impacts as it adapts its operations.
Helen of Troy Limited (NASDAQ: HELE) will hold a conference call on October 7, 2021, at 9:00 a.m. Eastern Time to discuss its second quarter fiscal year 2022 results. A press release detailing these results will be issued before the market opens on the same day. The call features CEO Julien R. Mininberg and CFO Brian Grass, among others. Interested parties can join via phone or through a live webcast. A replay will be available post-call until October 14, 2021.
Helen of Troy Limited (NASDAQ: HELE) has authorized a
On August 24, 2021, OXO, a consumer brand under Helen of Troy Limited (NASDAQ: HELE), announced the launch of its 'Chefs in Residence' program. This initiative features renowned chefs Eden Grinshpan, Rick Martinez, and Kwame Onwuachi, who will share exclusive content, recipes, and cooking tips through OXO's platforms starting September 2021. The program aims to inspire home cooks by leveraging the chefs' diverse culinary backgrounds and enhance OXO's brand presence, further reinforcing its commitment to quality and innovation in kitchen tools.
On July 13, 2021, Hydro Flask, a brand under Helen of Troy Limited (NASDAQ: HELE), announced the launch of its 2021 #RefillForGood campaign aimed at reducing single-use plastic waste. This initiative includes a limited edition water bottle, with $100,000 of proceeds benefiting the Surfrider Foundation. The campaign encourages consumers to adopt reusable alternatives and supports environmental efforts through partnerships with pro athletes and advocates. Hydro Flask's commitment aligns with its goal of inspiring sustainable practices to protect oceans and green spaces.
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