Helen of Troy rose after hours on Wednesday after it released a full-year profit forecast and fourth-quarter results that came in above expectations.
Shares of Helen of Troy Ltd. rose after hours on Wednesday after the designer of home and wellness products released a full-year profit forecast and fourth-quarter results that came in above Wall Street’s expectations.
The company — which sells products like Revlon cosmetics, Pur water filters and Oxo food-storage containers — also announced that its chief executive, Julien Mininberg, plans to retire on Feb. 29, 2024, and that its board had appointed Noel Geoffroy, currently chief operating officer, to succeed Mininberg on March 1, 2024.
“Our sales outlook reflects our expectation that the economy, consumers, and several of our categories will continue to experience macro financial pressure,” Mininberg said in a statement. For its fiscal fourth quarter, Helen of Troy reported net income of $36.2 million, or $1.50 a share, compared with $39.8 million, or $1.64 a share, in the same quarter last year. Revenue came in at $484.6 million, compared with $582 million in the prior-year quarter.
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