earnings
confidence high
sentiment negative
materiality 0.80
Helen of Troy Q2 GAAP EPS $1.28, core adj EPS $2.27; announces Project Pegasus restructuring
HELEN OF TROY LTD
2023-Q2 EPS reported
$2.29
revenue$1,029,478,000
- Consolidated net sales $521.4M (+9.7% YoY driven by acquisitions; organic down -1.5%).
- GAAP diluted EPS $1.28 (down 39.3% YoY); core adj. diluted EPS $2.27 (down 14.3%).
- FY2023 guidance lowered: net sales $2.00-2.05B, adj. EPS $9.00-9.40.
- Board authorized Project Pegasus restructuring targeting $75-85M annualized pre-tax savings by FY2026, with $85-95M one-time charges.
- Health & Wellness segment revenue up 27.6% (EPA benefit); Beauty segment down -15.4%.