Helen of Troy Limited Reports Second Quarter Financial Results
Net Income Declines 10.8% While Revenue Drops by 5.7%
Helen of Troy Limited,(HELE) a leading global consumer p roducts company, has released its financial results for the second quarter of fiscal year 2024, ended August 31, 2023. The company reported a net income of $27.4 million for the quarter, representing 5.6% of total sales revenue, which amounted to $491.6 million. These results indicate a 10.8% decrease in net income compared to the same period last year when the company reported a net income of $30.7 million on $521.4 million in revenue.
The sales revenue for the second quarter of 2023 dropped by 5.7% compared to the same period in 2022, reflecting challenges faced by Helen of Troy Limited in a competitive market.
Consolidated Financial Performance
Helen of Troy's condensed consolidated statements of income for the three months ended August 31, 2023, reveal the following financial data:
