Consumer Slowdown Spreads: Helen Of Troy Shares Crash After Big Earnings Miss, EPS Outlook Cut
Posted on AllSides July 9th, 2024
From The Right
Consumer Slowdown Spreads: Helen Of Troy Shares Crash After Big Earnings Miss, EPS Outlook Cut Consumer products company Helen of Troy crashed in premarket trading in New York after missing earnings expectations and slashing its full-year outlook. This is yet another warning of lingering inflation and high interest rates impacting consumer spending. "We are disappointed with the start to our fiscal year. We battled an unusual number of internal and external challenges in the quarter, which resulted in net sales and adjusted EPS below our outlook," CEO Noel Geoffroy wrote...