NEW YORK - Helen of Troy Limited (NASDAQ:HELE) reported better-than-expected third quarter earnings on Wednesday, while narrowing its full-year guidance range. The consumer products company's stock rose 0.94% following the results.
Helen of Troy posted adjusted earnings per share of $2.67 for the fiscal third quarter, surpassing analyst estimates of $2.60. However, revenue of $530.7 million fell short of expectations for $534.31 million and declined 3.4% year-over-year.
The company's Home & Outdoor segment saw 4.3% sales growth, while Beauty & Wellness revenue dropped 9.3% due to a weak winter illness season and softer consumer demand in certain categories.
"Our third quarter results were within our top and bottom-line expectations even as we continued to navigate a difficult consumer spending environment," said CEO Noel M. Geoffroy.
For fiscal 2025, Helen of Troy narrowed its outlook, now expecting adjusted EPS of $7.15-$7.40 on revenue of $1.888-$1.913 billion. This compares to previous guidance for EPS of $7.00-$7.50 on revenue of $1.895-$1.975 billion.
The company also completed its acquisition of nail care brand Olive & June in December, which is expected to be immediately accretive.
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