Helen of Troy Shares Plunge After Missing Q1 Estimates and Lowering Forecast

The consumer products company faces declining demand and operational challenges, prompting a significant cut in its financial outlook.

• Helen of Troy reported a 12.2% drop in Q1 sales, missing analyst expectations.
• The company lowered its FY25 revenue and earnings guidance due to decreased demand for beauty and wellness products.
• Operational issues at a Tennessee distribution center further impacted performance.
• CEO Noel Geoffroy cited numerous internal and external challenges affecting results.
• Shares of Helen of Troy fell over 30%, reaching their lowest level in nearly a decade.

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