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0.63
Why is Helen Of Troy Ltd (HELE) Stock down?
We've noticed a 6.68% decline in Helen Of Troy Ltd (HELE) stock during the 2024-08-12 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
04 Oct, 2023:
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.
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