The following is a summary of the Helen of Troy Limited (HELE) Q4 2024 Earnings Call Transcript:
Financial Performance:
Helen of Troy exceeded the full-year fiscal '24 consolidated net sales and adjusted EPS outlook.
Gross profit margin expanded by 390 basis points.
Generated $269 million in free cash flow, and decreased total debt to $665.7 million.
Expects free cash flow in the range of $255 million to $275 million, and adjusted EBITDA of $324 million to $331 million for FY '25.
Planning to make investments worth 100bps, targeting growth.
Predicts GAAP diluted EPS of $6.68 to $7.45 for the full year.
Anticipates capital expenditures of between $30 million and $35 million for fiscal '25.
Expects net sales between $1.965 billion and $2.025 billion in fiscal '25, indicating a decline of 2% to growth of 1%.
Business Progress:
Initiated Project Pegasus for strategic investments.
Launched plans to accelerate the investment in cloud infrastructure.
Reported progress with objectives, including global operational expansion.
Plans to implement an expanded go-to-market structure with the North America RMO in fiscal '25.
Expects some margin compression from the expiration of out-licensed wellness brand relationships.
Expects robust volume growth from direct-to-consumer (DTC) platforms.
Plans to increase investment in brand health and upscaling market share.
Anticipates lumpy revenues due to new distribution layers going into subsequent quarters.
Will prioritize white space distribution opportunities.
Planned further distribution expansions for FY 2025, with successful progress noted in fiscal 2024.
OXO Soft Works' early roll-out at Walmart as a highlight; further expansion expected throughout FY 2025.
More details: Helen Of Troy IR
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