While the top- and bottom-line numbers for Helen of Troy (HELE) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Helen of Troy is the latest company to warn about the prospects of the beauty industry in an increasingly competitive market. The consumer products company is seeing pressure across its specialty beauty channel and mass beauty overall, especially in tools under $100, CEO Noel Geoffroy says on a call with analysts. Helen of Troy now forecasts a drop in sales of 5% to 8% in the beauty and wellness segment from a prior outlook for a decline of 1.5% to 4.5%.
Helen of Troy's (HELE) fiscal first-quarter results reflect reduced sales and earnings due to lower demand for its products. Management lowered the fiscal 2025 outlook.