Helen of Troy Expands with Olive & June Acquisition

Helen Of Troy ( (HELE) ) just unveiled an update.

Helen of Troy Limited has successfully completed the acquisition of Olive & June, an innovative omni-channel nail care brand known for its DIY nail care products. This acquisition, funded by a revolving credit agreement of $235 million, is expected to enhance Helen of Troy’s beauty portfolio and is projected to be immediately accretive to the company’s revenue growth, gross profit margin, and other key financial metrics, aligning with its strategic goals and expanding its presence beyond the hair category.

More about Helen Of Troy

Helen of Troy Limited is a global consumer products company that designs, develops, and markets a wide range of branded consumer items, including products in the home, outdoor, beauty, and wellness categories. The company operates a diverse portfolio of well-recognized and trusted brands such as OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon, and Olive & June.

YTD Price Performance: -43.37%

Average Trading Volume: 583,935

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.56B

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