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Helen of Troy stock sinks after full-year outlook cut, offsetting earnings beat

·1 min read
Helen of Troy stock sinks after full-year outlook cut, offsetting earnings beat
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Shares of Helen of Troy Ltd. sank 6.5% in premarket trading Thursday, after the consumer products company, which brands include Hydro Flask, Vicks and Braun, reported fiscal first-quarter earnings that beat expectations but cut its full-year outlook, citing a shift in consumer buying patterns amid rising inflation. Net income fell to $24.6 million, or $1.02 a share, from $57.0 million, or $2.31 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.41 be