Helen of Troy Limited reported its second quarter fiscal 2025 results for the period ended August 31, 2024, on October 9, 2024. The company announced consolidated net sales revenue of $474.2 million, representing a 3.5% decline compared to the prior year. GAAP diluted EPS was $0.74, while adjusted diluted EPS reached $1.21, surpassing analyst consensus estimates.
Segment performance showed a mixed picture, with Home & Outdoor net sales increasing by 0.8% to $241.9 million, driven by growth in insulated beverageware and international distribution. Conversely, Beauty & Wellness net sales decreased by 7.7% to $232.3 million, attributed to softer consumer demand, increased competition in hair appliances, and lower sales of air purifiers and humidifiers. The company also reported positive cash flow from operations of $44.6 million, an increase of $7.9 million year-over-year.
Helen of Troy reaffirmed its annual outlook for fiscal 2025, maintaining consolidated net sales guidance of $1.885 billion to $1.935 billion and adjusted diluted EPS of $7.00 to $7.50. However, the company updated its free cash flow outlook to $180 million to $200 million, down from the previous range, and adjusted its net leverage ratio reduction target to between 1.9X and 1.8X. Project Pegasus remains on track to deliver $26 million to $30 million in savings, and remediation efforts for the Tennessee distribution facility's automation system were substantially completed during the quarter.
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