07:15 AM EDT, 10/09/2024 (MT Newswires) -- Helen of Troy (HELE) reported fiscal Q2 adjusted earnings Wednesday of $1.21 per diluted share, down from $1.74 a year earlier.

Analysts polled by Capital IQ expected $1.05.

Net sales for the quarter ended Aug. 31 were $474.2 million, compared with $491.6 million a year earlier.

Analysts surveyed by Capital IQ expected $458.9 million.

For fiscal Q3, the company expects net sales to decline by about 4.5% to 1%, while adjusted diluted EPS is forecast to fall by about 10% to 3%.

The company reaffirmed its fiscal 2025 adjusted diluted EPS guidance of $7 to $7.50. Analysts surveyed by Capital IQ expect $7.11. The company also reiterated net sales guidance for the year of $1.89 billion to $1.94 billion. Analysts polled by Capital IQ expect $1.90 billion.

Helen of Troy shares were up 13% in recent premarket activity.

Price: 70.49, Change: +8.12, Percent Change: +13.02