Helen of Troy Analysts Slash Their Forecasts After Weak Q1 Results

Helen of Troy Limited (NASDAQ:HELE) reported worse-than-expected first-quarter financial results and issued second-quarter guidance below estimates on Thursday.

The company reported first quarter adjusted earnings per share of 41 cents, missing the analyst consensus estimate of 90 cents. Quarterly sales of $371.655 million (down 10.8% year over year), missed the Street view of $398.205 million.

"The first quarter was challenging, with tariff-related impacts making up approximately 8 percentage points of the 10.8% consolidated revenue decline, said interim CEO Brian L. Grass.

Helen of Troy said it now expects to reduce its cost of goods sold exposed to China tariffs to ...