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Beauty & Wellness Woes: Helen Of Troy's Stock Dives After Disappointing Q1 And Gloomy Forecast

Helen Of Troy Ltd (NASDAQ:HELE) shares are plunging after the company reported worse-than-expected first-quarter FY25 earnings and lowered the outlook. The company reported a first-quarter sales decline of 12.2% year-on-year to $416.85 million, missing the analyst consensus estimate of $445.85 million. The decrease in sales was primarily driven by a decline in sales of hair appliances, prestige hair care products and humidifiers in Beauty & Wellness, and a decline in Home & Outdoor primarily due to lower replenishment orders from retail customers and the impact of the shipping disruption at the company’s Tennessee distribution facility due to automation startup issues affecting some of the segment’s small retail customer and direct-to-consumer orders. Total net sales revenue for the Home & Outdoor ...