Helen Of Troy Ltd (NASDAQ:HELE) shares surged after the company reported better-than-expected second-quarter results, reaffirming its FY25 sales and EPS outlook.
The company reported a second-quarter sales decline of 3.5% year-over-year to $474.221 million, beating the analyst consensus of $458.237 million.
The decrease in sales was primarily driven by a decline in Beauty & Wellness due to lower sales of hair appliances, air purifiers, and humidifiers.
Total net sales revenue for the Home & Outdoor segment increased 0.8% year over year, while Beauty & Wellness declined 7.7%.
Adjusted EPS declined 34.1% YoY to $1.21, beating the consensus estimate of $1.04.
The gross profit margin decreased by 116 bps to 45.6%. The operating margin contracted 220 basis points to 7.3%, and operating income for the quarter declined 25.6% to $34.85 million.
Adjusted operating income decreased ...
