Press release
Helen of Troy Limited Reports Second Quarter Fiscal 2025 Results
Consolidated Net Sales Decline of 3.5% GAAP Diluted EPS of $0.74; Adjusted Diluted EPS of $1.21 Cash Flow from Operations of $44.6 Million; Increase of $7.9
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Decline of 3.5%\nGAAP Diluted EPS of $0.74; Adjusted Diluted EPS of $1.21\nCash Flow from Operations of $44.6 Million; Increase of $7.9 Million\nFree Cash Flow(1)(2) of $39.7 Million; Increase of $11.7 Million\n\nFiscal 2025 Outlook:\nMaintains Consolidated Net Sales of $1.885-$1.935 Billion\nMaintains GAAP Diluted EPS of $4.69-$5.45 and Adjusted Diluted EPS of $7.00-$7.50\nMaintains Adjusted EBITDA of $287-$297 Million\nUpdates Free Cash Flow(1)(2) to $180-$200 Million\nUpdates Net Leverage Ratio(1)(3) Reduction to Between 1.9X and 1.8X by the End of Fiscal 2025\nProject Pegasus On Track to Deliver Savings of $26 Million to $30 Million\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 August 31, 2024.\n\nExecutive Summary – Second Quarter of Fiscal 2025 Compared to Fiscal 2024\n\n\nConsolidated net sales revenue of $474.2 million, a decrease of 3.5%\n\n\nGross profit margin of 45.6% compared to 46.7%\n\n\nOperating margin of 7.3% compared to 9.5%\n\n\nNon-GAAP adjusted operating margin of 9.8% compared to 12.7%\n\n\nGAAP diluted EPS of $0.74 compared to $1.14\n\n\nNon-GAAP adjusted diluted EPS of $1.21 compared to $1.74\n\n\nNet cash provided by operating activities of $44.6 million compared to $36.7 million\n\n\nNon-GAAP adjusted EBITDA margin of 11.8% compared to 14.6%\n\n\nNoel M. Geoffroy, Chief Executive Officer, stated: “We are pleased to report second quarter results that were above expectations and we are reaffirming our annual outlook for net sales, adjusted EPS, and adjusted EBITDA. During the quarter, we took decisive actions toward our long-term strategic initiatives, including strengthening the core and further shaping our growth portfolio. In addition, despite persistent macro headwinds, we achieved early results on our efforts to 'Reset and Revitalize' our business, driven by improved brand fundamentals, optimized marketing and innovation, and expanded distribution. I am proud of our team for their dedication and focus and remain confident we are on the right path to long-term profitable growth and increased value for all Helen of Troy stakeholders.”\n\n\n\n \n\n\n\nThree Months Ended August 31,\n\n...