Helen of Troy Reports Lower Sales, Cuts Profit Forecast

The company's Beauty & Wellness segment struggles with declining demand, while Home & Outdoor products see modest growth.

Helen of Troy's fiscal Q3 revenue fell 3.4% year-over-year to $530.7 million, missing analyst expectations of $534.31 million.
The Beauty & Wellness segment experienced a 9.3% decline in sales due to weak global illness seasons, softer consumer demand, and increased competition.
Home & Outdoor sales grew 4.3%, driven by strong demand for insulated beverageware and international market performance.
The company lowered its full-year earnings guidance, revising its EPS outlook to $7.15–$7.40 and narrowing its revenue forecast to $1.888–$1.913 billion.
Helen of Troy continues its global restructuring initiative, Project Pegasus, incurring $3.5 million in pre-tax costs this quarter.