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 April 27, 2022, at 9:00 a.m. ET to discuss its fourth quarter and fiscal year 2022 results. A press release with detailed results will be issued prior to the call. The call features CEO Julien R. Mininberg, CFO Matt Osberg, and SVP Corporate Business Development Jack Jancin. Institutional investors can participate by dialing (877) 407-3982 or via live webcast at investor.helenoftroy.com.
Helen of Troy Limited (NASDAQ: HELE) announced a fireside chat featuring Dr. Bernice A. King and CEO Julien R. Mininberg on February 9th at their Southaven, Mississippi Distribution Center. The event will celebrate African American contributions to society and will be broadcast live to associates across the U.S. and Canada. Dr. King will discuss her parents' legacy and the importance of diversity and inclusion, as emphasized by Mininberg. This initiative reflects Helen of Troy's commitment to an inclusive culture.
Helen of Troy Limited (NASDAQ: HELE) will participate in the 24th Annual ICR Conference from January 10-12, 2022. Key executives, including CEO Julien Mininberg, CFO Matt Osberg, and Sr. VP Jack Jancin, will host a virtual fireside chat on January 11 at 2:00 p.m. Eastern Time. The event will be available for live streaming on their investor relations website, with an online archive accessible for one year afterward.
The company, known for brands like OXO and Hydro Flask, offers a wide range of consumer products.
Helen of Troy Limited (NASDAQ: HELE) reported third-quarter fiscal 2022 results with consolidated net sales of $624.9 million, a 2% decline from fiscal 2021, but a 31.6% increase from fiscal 2020. Core business net sales grew by 0.4% year-over-year. GAAP diluted EPS was $3.10, down from $3.34 last year, while core adjusted diluted EPS rose 3% to $3.72. The company raised its fiscal year diluted EPS outlook to $8.25-$8.59 and net sales outlook to $2.095-$2.115 billion, reflecting strong demand in Housewares and Beauty segments despite challenges in Health & Home.
Helen of Troy Limited (NASDAQ: HELE) has completed its acquisition of Osprey Packs, Inc. for $414.7 million. The deal includes a $5.3 million net working capital adjustment. Osprey, a leader in technical packs since 1974, enhances Helen of Troy's portfolio, which now includes nine Leadership Brands. CEO Julien R. Mininberg highlighted Osprey's potential for sales growth and profitability, especially in international markets. The acquisition aims to leverage shared services and infrastructure for further expansion and innovation.
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.
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