Q2 2025 Helen of Troy Ltd Earnings Call Transcript
Key Points
- Helen Of Troy Ltd (HELE) reported second quarter results that were above expectations, indicating positive progress in their strategic initiatives.
- The company saw a 9% year-over-year increase in US weighted distribution, enhancing brand availability and market share.
- Project Pegasus is on track, providing resources for reinvestment in brands, leading to improved marketing and innovation.
- International performance, particularly in EMEA, remains strong, contributing to overall positive growth.
- The company successfully resolved operational issues at the Tennessee distribution center and integrated Curlsmith into their network ahead of schedule.
- Consolidated net sales declined by 3.5%, primarily due to a decrease in the Beauty & Wellness segment.
- The Beauty segment underperformed expectations, with softer consumer demand and increased competition impacting sales.
- GAAP operating margin decreased to 7.3% from 9.5% in the same period last year, reflecting operational challenges.
- The company paused its divestiture process due to offers not meeting the business's perceived value.
- The macroeconomic environment remains challenging, with increased promotional activity and softer retail replenishment impacting outlook.
Greetings, and welcome to the Helen of Troy second quarter fiscal 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Mr. Sabrina McKee, Senior Vice President of Business Development and Investor Relations. Thank you. You may begin.
Thank you, operator. Good morning, everyone, and welcome to Helen of Troy's second quarter fiscal 2025 earnings conference call. The agenda for the call this morning is as follows. I will begin with a brief discussion of forward-looking statements. Ms. Noel Geoffroy, the company's CEO, will comment on business performance and then provide some perspective on current trends; and Mr. Brian Grass, the company's CFO, will review the financials in more detail and discuss our outlook. Following this, we will
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