Helen of Troy Limited (NASDAQ:HELE) stock tumbled Thursday after the consumer products company reported weaker profitability and lowered its fiscal 2026 earnings outlook, despite revenue topping expectations.
The company reported third-quarter adjusted earnings per share of $1.71, in line with the analyst consensus estimate. Quarterly sales of $512.829 million (down 3.4% year over year) outpaced the Street view of $503.587 million.
The lower sales were driven by a decrease from Organic business of $57.1 million, or 10.8%. The Organic business decrease was primarily driven by a decline in …