The company continues to have the following expectations regarding Project Pegasus savings: Targeted annualized pre-tax operating profit improvements of approximately $75 million to $85 million, which began in fiscal 2024 and are expected to be substantially achieved by the end of fiscal 2027. Estimated cadence of the recognition of the savings will be approximately 25% in fiscal 2024, which was achieved, approximately 35% in fiscal 2025, approximately 25% in fiscal 2026, and approximately 15% in fiscal 2027. Total profit improvements to be realized approximately 60% through reduced cost of goods sold and 40% through lower SG&A.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HELE:
- Helen of Troy reaffirms FY25 non-GAAP EPS view $7.00-$7.50, consensus $7.10
- Helen of Troy reports Q2 adjusted EPS $1.21, consensus $1.05
- Options Volatility and Implied Earnings Moves This Week, October 07 – October 11, 2024
- Is HELE a Buy, Before Earnings?
- Helen of Troy management to meet with Oppenheimer