Helen of Troy Limited (NASDAQ:HELE) Q2 2024 Earnings Call Transcript

Julien Mininberg: In terms of timing, I couldn’t agree more. Remember, we’re going to for the long game. I know a lot of people on this call are too. We like our prospects a lot. I think of the basics. Distribution is growing. Investment fuel from the Pegasus savings gives us the ability to not only expand margin, but also to invest in further drive from innovation and the other basic flywheel drivers in the company. That has the ability to expand not just profitability but revenue, which creates operating leverage, do that at a higher gross margin, do it all at a sweeter mix, so to speak, from a profit standpoint give room for acquisition and as should you see growth in the company and more acceleration of the flywheel, we believe the answer is yes.

So the short term that Brian described it creates opportunity lower leverage ratio below 2 times, that he’s talking about certainly means that we haven’t spent our allocation for this depending with the market, the market is skittish right now, and yet that long-term proposition is fundamentally sound and exactly our expectation and plan makes you want to buy of stock, at least for us.

Linda Bolton-Weiser: Okay. That’s it from me. Thank you.

Noel Geoffroy: Thank, Linda.

Operator: We have reached the end of our question-and-answer session. I would like to turn the conference back over to management for closing comments.

Julien Mininberg: Yes. Well, thank you, operator, and thank you, everybody, for joining us today. We’re very pleased with the quarter and to be in a position to reiterate our guidance for the full year outlook for fiscal 2024. We look forward to speaking with many of you later this week as we make our various calls and also providing detail on our longer-term strategy during our Investor Day on the 17th of this month. So with that, I’ll simply say thanks very much and have a wonderful day.

Operator: Thank you. This will conclude today’s conference. You may disconnect your lines at this time and thank you for your participation.