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Key Takeaways
- Helen of Troy missed quarterly sales and net income forecasts as demand for looker and wellness products declined.
- The company reported revenue in the third quarter of fiscal 2025 declined 3% year-over-year.
- Helen of Troy also moved its full-year earnings guidance and narrowed its sales outlook.
Shares of Helen of Troy Limited (HELE) fell 4% Wednesday when the maker of household and loveliness products reported a drop in quarterly sales and lowered its full-year profit guidance on falling demand for beauty and wellness things.
The company reported third-quarter fiscal 2025 revenue declined 3% year-over-year to $530.7 million, while analysts scanned by Visible Alpha were looking for $532.7 million. Net income came in at $49.6 million, also short of vaticinations, although adjusted earnings per share (EPS) of $2.67 beat estimates.
Sales at the Beauty & Wellness segment fell 9% to $284.6 million, which Helen of Troy blamed on “enervated winter and illness season, a decline in sales of hair appliances due to softer consumer demand, increased competition, a net parcelling decline year-over-year, and a decrease in water filtration due to the previously disclosed expiration of an out-license relationship and category softness.”
To the quick & Outdoor unit sales rose 4% to $246.1 million, driven higher by demand for insulated beverageware.
CEO Noel Geoffroy voiced the company “continued to navigate a difficult consumer spending environment.”
Helen of Troy Lowers FY EPS Outlook, Narrows Takings Guidance
Helen of Troy lowered its guidance for full-year EPS to $4.60 to $5.02 from $4.69 to $5.45, and narrowed its gain outlook to a range of $1.888 billion to $1.913 billion from $1.885 billion to $1.935 billion.
Helen of Troy share outs have lost more than half their value in the past year.
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