Press release
Helen of Troy Limited Reports Third Quarter Fiscal 2025 Results
Consolidated Net Sales Decline of 3.4% GAAP Diluted EPS of $2.17; Adjusted Diluted EPS of $2.67 Gross Profit Margin Expansion of 90 Basis Points Adjusted
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Decline of 3.4%\nGAAP Diluted EPS of $2.17; Adjusted Diluted EPS of $2.67\nGross Profit Margin Expansion of 90 Basis Points\nAdjusted Operating Margin Expansion of 30 Basis Points\nAdjusted EBITDA Margin Expansion of 40 Basis Points\n\n\nUpdates Fiscal 2025 Outlook; Includes Acquisition of Olive & June\nNarrows Consolidated Net Sales to $1.888-$1.913 Billion\nLowers GAAP Diluted EPS to $4.60-$5.02; Narrows Adjusted Diluted EPS to $7.15-$7.40\nNarrows Adjusted EBITDA to $292-$295 Million\nLowers Free Cash Flow(1)(2) to $145-$155 Million\nUpdates Net Leverage Ratio(1)(3) to Between 2.85X and 2.75X by the End of Fiscal 2025\nProject Pegasus On Track to Deliver Savings of $26 Million to $30 Million\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 November 30, 2024.\n\n\nExecutive Summary – Third Quarter of Fiscal 2025 Compared to Fiscal 2024\n\n\n\nConsolidated net sales revenue of $530.7 million, a decrease of 3.4%\n\n\n\nGross profit margin improvement of 90 basis points to 48.9% compared to 48.0%\n\n\n\nOperating margin of 14.2% compared to 19.5%\n\n\n\nNon-GAAP adjusted operating margin improvement of 30 basis points to 16.6% compared to 16.3%\n\n\n\nGAAP diluted EPS of $2.17 compared to $3.19\n\n\n\nNon-GAAP adjusted diluted EPS of $2.67 compared to $2.79\n\n\n\nNon-GAAP adjusted EBITDA margin improvement of 40 basis points to 18.2% compared to 17.8%\n\n\n\nMs. Noel M. Geoffroy, Chief Executive Officer, stated: “Our third quarter results were within our top and bottom-line expectations even as we continued to navigate a difficult consumer spending environment. We made progress on both our long-term strategic and near-term ‘Reset and Revitalize’ objectives. Our efforts to improve the health of our brands and our operating performance delivered growth in Home & Outdoor and International. Beauty & Wellness was negatively impacted by a weak illness season globally, including the weakest in the U.S. in the past eight years (excluding the COVID anomaly year of 2020-2021) and continued softness in Beauty. Fiscal year to date through November, seven of our key categories grew or maintained market share in the U.S. and ...