OXO Parent Helen of Troy Stock Falls as It Lowers Profit Forecast | Global News Avenue

Shares of Helen of Troy Limited (allShares fell 4% on Wednesday after the maker of home and beauty products reported lower quarterly sales and lowered full-year profit guidance due to lower demand for beauty and wellness products.

The company reported that third-quarter fiscal 2025 revenue fell 3% year over year to $530.7 million, while analysts polled by Visible Alpha expected revenue of $532.7 million. Net profit of $49.6 million, although adjusted, was also below expectations Earnings per share (EPS) $2.67 beat expectations.

Beauty & Wellness sales fell 9% to $284.6 million, which Helen of Troy attributed to “a soft winter and illness season, lower hair appliance sales due to soft consumer demand, increased competition and a year-over-year decline in net distribution” – year, as well as reduced water filtration due to the expiration of previously disclosed external licensing relationships and category softening. ”

Home and outdoor unit sales increased 4% to $246.1 million, driven by increased demand for insulated drinkware.

CEO Noel Geoffroy said the company “continues to navigate a difficult consumer spending environment”.

Helen of Troy lowers fiscal year EPS forecast, narrows revenue guidance

Helen of Troy lowered its full-year earnings per share guidance to $4.60 to $5.02 from $4.69 to $5.45 and narrowed its revenue outlook to $1.888 billion to $1.913 billion from $1.885 billion to $1.935 billion.

Helen of Troy’s shares have lost more than half their value over the past year.