Press release
Helen of Troy Limited Reports Solid Fourth Quarter Fiscal 2024 Results
Consolidated Net Sales Growth of 1.0% GAAP Diluted EPS Growth of 19.3% to $1.79; Adjusted Diluted EPS Growth of 21.9% to $2.45 GAAP Operating Margin
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Growth of 1.0%\nGAAP Diluted EPS Growth of 19.3% to $1.79; Adjusted Diluted EPS Growth of 21.9% to $2.45\nGAAP Operating Margin Expansion of 240 Basis Points\nAdjusted EBITDA Margin Expansion of 410 Basis Points; Growth of 28.4% to $94.3 million\n\n\nInitiates Fiscal 2025 Outlook:\nConsolidated Net Sales of $1.965-$2.025 Billion\nGAAP Diluted EPS of $6.68-$7.45; Adjusted Diluted EPS of $8.70-$9.20\nAdjusted EBITDA of $324-$331 Million; Free Cash Flow(1)(2) of $255-$275 Million\nFurther Net Leverage Ratio(1)(3) Reduction to Between 1.25X and 1.00X by the End of Fiscal 2025 \n\n\n EL PASO, Texas--(BUSINESS WIRE)--\nHelen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, today reported results for the three-month period ended February 29, 2024 and provided its outlook for Fiscal 2025.\n\n\nExecutive Summary – Fourth Quarter of Fiscal 2024 Compared to Fiscal 2023\n\n\n\nConsolidated net sales revenue of $489.2 million, an increase of 1.0%\n\n\n\nGross profit margin improvement of 570 basis points to 49.0% compared to 43.3%\n\n\n\nOperating margin improvement of 240 basis points to 13.5% compared to 11.1%\n\n\n\nNon-GAAP adjusted operating margin improvement of 320 basis points to 17.0% compared to 13.8%\n\n\n\nGAAP diluted EPS of $1.79 compared to $1.50\n\n\n\nNon-GAAP adjusted diluted EPS of $2.45 compared to $2.01\n\n\n\nNet cash provided by operating activities of $73.6 million compared to $158.7 million\n\n\n\nNon-GAAP adjusted EBITDA margin improvement of 410 basis points to 19.3% compared to 15.2%\n\n\n\nExecutive Summary - Fiscal 2024 Compared to Fiscal 2023\n\n\n\nConsolidated net sales revenue of $2.005 billion, a decrease of 3.3%\n\n\n\nGross profit margin improvement of 390 basis points to 47.3% compared to 43.4%\n\n\n\nOperating margin improvement of 280 basis points to 13.0% compared to 10.2%\n\n\n\nNon-GAAP adjusted operating margin of 15.0% compared to 14.5%\n\n\n\nGAAP diluted EPS of $7.03 compared to $5.95\n\n\n\nNon-GAAP adjusted diluted EPS of $8.91 compared to $9.45\n\n\n\nNet cash provided by operating activities of $306.1 million compared to $208.2 million\n\n\n\nNon-GAAP adjusted EBITDA margin of 16.8% compared to 15.8%\n\n\n\nNoel M. Geoffroy, Chief Executive Officer, stated: “We ended the year...