Helen of Troy up after lifting annual profit forecast
HELE•
HELE•Helen of Troy raised its annual adjusted EPS forecast to $3.60-$4.15 from $3.25-$3.75, citing tariff refunds and growth across its portfolio. Second-quarter EPS was 79 cents versus analysts’ average estimate of 50 cents, while sales rose 2.1% to $440.9 million.
Helen of Troy lifted its annual adjusted EPS forecast to $3.60-$4.15 from $3.25-$3.75, citing tariff refunds and growth across its portfolio. Its shares rose about 15% to $29.84 in premarket trading.
The company reported second-quarter EPS of 79 cents, compared with analysts’ average estimate of 50 cents. Sales increased 2.1% to $440.9 million on strong demand and international growth. Helen of Troy now expects fiscal-year consolidated net sales of $1.768 billion-$1.822 billion, versus its earlier forecast of $1.759 billion-$1.831 billion.