Helen of Troy Ltd (HELE)

Shares of Helen of Troy (HELE) dropped by 7.36% from $49.36 to $45.65 in the trading on Wednesday October 4, 2023. The reasons why stock PBF is down today is due to its disappointed Q3 guidance. On Wednesday, Helen of Troy reported better-than-expected Q2 2023 results. However, the stock fell down due to disappointing Q3 guidance. The company expects flat Q3 EPS, contrary to the market's 11% year-over-year gain expectation, and anticipates a 4%-2% decline in Q3 net sales while the market expected flat sales growth. These adjustments are attributed to cautious ordering patterns, cost savings realization shifts, and additional investments in Q3. Despite this, Helen of Troy maintains its fiscal 2024 outlook.