Helen of Troy Q2 sales down 5.7%; CFO Grass appointed permanent; reaffirms FY outlook

HELEN OF TROY LTD

2024-Q2 EPS reported $2.07 revenue$966,235,000

Q2 net sales $491.6M, down 5.7% YoY; GAAP diluted EPS $1.14 vs $1.28; adjusted diluted EPS $1.74 vs $2.27.
Gross margin improved 420 bps to 46.7%; GAAP operating margin 9.5% (up 50 bps); adjusted operating margin 12.7% (down 120 bps).
Cash from operations $36.7M vs -$37.0M; free cash flow $28.0M vs -$73.5M; repurchased 381,200 shares for $50M.
FY2024 outlook maintained: net sales $1.965-$2.015B, adjusted diluted EPS $8.50-$9.00, free cash flow $250-$270M.
Brian Grass appointed permanent CFO effective Sept 23, 2023; base salary $600K, target bonus 85%, LTI target $1.6M.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Brian L. Grass

Chief Financial Officer

HELE · HELEN OF TROY LTD

Effective: 2023-09-23
Filed: October 4, 2023, 7:59 PM ET

On October 4, 2023, the Company announced the appointment by the Company’s Board of Directors of Brian L. Grass, age 53 , to serve as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of the Company, effective as of September 23, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HELEN OF TROY LTD reported second quarter of fiscal 2024 results: revenue $491.6 million, EPS $1.14 per diluted share. Guidance reaffirmed.

Period: second quarter of fiscal 2024
Revenue: $491.6 million
EPS: $1.14 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

reported results for the three-month period ended August 31, 2023. Executive Summary – Second Quarter of Fiscal 2024 Compared to Fiscal 2023 • Consolidated net sales revenue of $491.6 million, a decrease of 5.7% • Gross profit margin improvement of 420 basis points to 46.7% compared to 42.5% • Operating margin of 9.5% compared to 9.0% • Non-GAAP adjusted operating

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian L. Grass was appointed as Chief Financial Officer at HELEN OF TROY LTD.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On October 4, 2023, the Company announced the appointment by the Company’s Board of Directors of Brian L. Grass, age 53 , to serve as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of the Company, effective as of September 23, 2023.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

HELEN OF TROY LTD filing history →

Source: SEC EDGAR

accession 0000916789-23-000044

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.