Helen of Troy Ltd. Reports $2.75 EPS, Exceeding Expectations in Q3
Helen of Troy reported Q3 fiscal 2024 earnings with revenue at $549.6M and adjusted EPS of $2.79, exceeding expectations.
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Helen of Troy Limited (NASDAQ: HELE) has delivered a robust performance in the third quarter of fiscal 2024. Helen of Troy Limited exceeded Q3 fiscal 2024 expectations with a reported revenue of $549.6 million and an adjusted EPS of $2.79, surpassing the forecast of $541.87 million and $2.75 EPS.
HELE Exceeds EPS and Revenue Expectations in Q3
The company’s performance in Q3 exceeded the expectations of an EPS of $2.75 and revenue of $541.87 million. HELE reported an adjusted diluted EPS of $2.79, slightly higher than anticipated, reflecting its effective operational strategies and market adaptability.
The company provided forward-looking guidance for fiscal year 2024, expecting net sales to be between $1.89 billion and $1.91 billion. This projection includes an anticipated impact from foreign exchange rates.
The company forecasts adjusted diluted earnings per share (EPS) to be $9.40 to $9.80, reflecting its strategic focus and confidence in future performance.
HELE Stock Dips Slightly in Premarket
After the earnings announcement, Helen of Troy’s stock saw a slight movement to $115.60, a 0.33% decline from its previous closing price. The firm’s 52-week range is $81.14 to $143.68.
Tim Fries
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
