NASDAQ$HELE
Helen of Troy Limited · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Helen of Troy's Q2 2024 performance saw a sales decline but improved gross profit margin and progress in restructuring initiatives.
Helen of Troy reported a 5.7% decrease in consolidated net sales revenue, but achieved a 420 basis points increase in gross profit margin. The company is maintaining its full year outlook and is on track with its Project Pegasus restructuring plan. An agreement was reached with Brian Grass to remain as CFO.
- Consolidated net sales revenue decreased by 5.7% to $491.6 million.
- Gross profit margin improved by 420 basis points to 46.7%.
- GAAP diluted EPS was $1.14, compared to $1.28 in the prior year.
- The company repurchased 381,200 shares of common stock for $50 million.
Headline financials
Revenue & EPS history
Helen of Troy · Revenue · Quarterly
$492M
Forward guidance
The Company continues to expect consolidated net sales revenue in the range of $1.965 billion to $2.015 billion. The Company expects GAAP diluted EPS of $6.36 to $7.03 and non-GAAP adjusted diluted EPS in the range of $8.50 to $9.00.
Tailwinds
- Company continues to expect consolidated net sales revenue in the range of $1.965 billion to $2.015 billion.
- Company expects GAAP diluted EPS of $6.36 to $7.03.
- Company expects non-GAAP adjusted diluted EPS in the range of $8.50 to $9.00.
- Consolidated adjusted EBITDA of $338 million to $348 million, which implies growth of 3.2% to 6.3%.
- Free cash flow is expected to be $250 million to $270 million.
Headwinds
- The Company's sales outlook reflects what it believes will be a continued slower economy and further pressure and uncertainty on consumer spending levels and patterns, especially for some discretionary categories.
- Company continues to see retailers align their inventory purchases to match their current expectations of consumer spending.
- Expects a decline in net sales of approximately 4% to 2% in the third quarter of fiscal 2024 reflecting the expectation of more cautious retail ordering patterns in the short term.
- Expects adjusted diluted EPS to be roughly flat in the third quarter reflecting the expectation of more cautious retail ordering patterns in the short term, a timing shift in the realization of some cost of goods sold savings still in inventory to the fourth quarter and an expected increase in growth investment in the third quarter.
- The likelihood, timing and potential impact of a significant or prolonged recession is unknown and cannot be reasonably estimated; therefore, they are not included in the Company’s outlook.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.2%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-1.5%
Avg return
30 days after
37%
24 / 65 earnings
Positive
+25.6%
Q4 2019
Best reaction
-30.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +20.5% | +18.6% | +29.8% | |
| Q3 2026 | -2.4% | -11.4% | -11.0% | |
| Q2 2026 | -24.6% | -24.9% | -29.7% | |
| Q1 2026 | -7.6% | +1.1% | +8.6% | |
| Q4 2025 | -12.0% | -16.7% | -23.1% | |
| Q3 2025 | +4.5% | +3.3% | -5.0% | |
| Q2 2025 | +16.0% | +9.8% | +0.2% | |
| Q1 2025 | -30.6% | -28.0% | -38.2% | |
| Q4 2024 | -9.4% | -7.9% | +4.5% | |
| Q3 2024 | +8.0% | +4.7% | -2.1% | |
| Q2 2024 | -5.7% | -4.9% | -9.7% | |
| Q1 2024 | +15.1% | +14.1% | +19.6% | |
| Q4 2023 | +17.8% | -1.4% | +11.6% | |
| Q3 2023 | -1.4% | -1.0% | +6.4% | |
| Q2 2023 | +1.8% | -1.9% | -13.7% | |
| Q1 2023 | -9.6% | -19.7% | -23.5% | |
| Q4 2022 | +6.0% | -0.7% | -11.4% | |
| Q3 2022 | -3.5% | -5.1% | -15.3% | |
| Q2 2022 | +3.8% | +1.3% | +8.1% | |
| Q1 2022 | -7.4% | -10.0% | -2.6% | |
| Q4 2021 | -5.5% | -2.8% | -5.9% | |
| Q3 2021 | -6.3% | -5.6% | +0.4% | |
| Q2 2021 | -3.4% | -1.6% | +1.5% | |
| Q1 2021 | +3.8% | +4.7% | +3.2% | |
| Q4 2020 | +7.5% | +11.1% | +20.1% | |
| Q3 2020 | +3.7% | +0.7% | +5.7% | |
| Q2 2020 | -5.9% | -2.7% | -3.8% | |
| Q1 2020 | +10.4% | +11.1% | +11.9% | |
| Q4 2019 | +25.6% | +22.2% | +16.2% | |
| Q3 2019 | -15.9% | -14.5% | -13.4% | |
| Q2 2019 | -2.7% | -3.1% | +9.5% | |
| Q1 2019 | +14.9% | +12.8% | +10.5% | |
| Q4 2018 | +5.6% | +6.0% | +6.9% | |
| Q3 2018 | +0.0% | +1.4% | -6.5% | |
| Q2 2018 | -11.0% | -8.4% | -11.0% | |
| Q1 2018 | -5.3% | -1.1% | +6.4% | |
| Q4 2017 | -3.0% | -3.4% | -7.2% | |
| Q3 2017 | +9.6% | +6.6% | +6.2% | |
| Q2 2017 | -6.7% | -7.2% | -7.6% | |
| Q1 2017 | -3.8% | -2.4% | -6.3% | |
| Q4 2016 | -2.8% | — | — | |
| Q3 2016 | -0.9% | — | — | |
| Q2 2016 | +6.9% | — | — | |
| Q1 2016 | -11.3% | — | — | |
| Q4 2015 | +11.6% | — | — | |
| Q3 2015 | +15.3% | — | — | |
| Q2 2015 | -0.1% | — | — | |
| Q1 2015 | -3.0% | — | — | |
| Q4 2014 | -4.8% | — | — | |
| Q3 2014 | +10.9% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | +4.7% | — | — | |
| Q4 2013 | -2.3% | — | — | |
| Q3 2013 | +7.8% | — | — | |
| Q2 2013 | -10.1% | — | — | |
| Q1 2012 | -7.6% | — | — | |
| Q1 2013 | -7.6% | — | — | |
| Q4 2010 | -1.6% | — | — | |
| Q1 2011 | -1.6% | — | — | |
| Q4 2012 | -1.6% | — | — | |
| Q3 2011 | -1.5% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | -1.0% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q4 2011 | -1.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro