Helen of Troy reports surprise profit, raises revenue outlook

Helen of Troy (NASDAQ:HELE) delivered a astonishment first-quarter nett and raised its full-year gross guidance, pointing to aboriginal advancement successful its multi-year restructuring effort.

The user products institution posted adjusted net per stock of $0.17 for the quarter, sharply beating the expert consensus, which had called for a nonaccomplishment of $0.01 per share.

Net income climbed 8.2% year-over-year to $402.1 million, topping forecasts of astir $374.5 million. Growth was broad-based, with the Home & Outdoor conception up 9.5% and Beauty & Wellness rising 7%.

Following the results, absorption raised its fiscal 2027 gross guidance to a scope of $1.76 cardinal to $1.83 billion. Adjusted net guidance was maintained astatine $3.25 to $3.75 per share, a level the institution said reflects stabilization aft steep declines successful fiscal 2026.

The results physique connected Project Pegasus, a multi-year restructuring programme aimed astatine modernizing the concern and improving operating margins. As portion of that effort, Helen of Troy (NASDAQ:HELE) has been diversifying its proviso concatenation to bounds vulnerability to China-related tariffs, targeting China-sourced products astatine 25% to 30% of consolidated outgo of goods sold by the extremity of fiscal 2026.

Gross borderline fell 110 ground points to 46% successful the 4th owed to tariff unit and lawsuit mix, though outgo savings from Project Pegasus helped offset the impact.

Management said it is focusing selling and innovation spending connected brands including OXO, Hydro Flask and Osprey, aiming to money reinvestment done gross growth.

The company's broader portfolio spans the Home & Outdoor and Beauty & Wellness segments and includes Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon and Olive & June.

Shares of Helen of Troy were down 2.2% connected Wednesday morning.