Helen of Troy Surprises with Strong Q2 Results, Shares Surge 12.6%

Helen of Troy Ltd (HELE) shares skyrocketed in pre-market trading after the company announced better-than-expected second-quarter results and reaffirmed its full-year outlook. Despite a slight sales decline, the company exceeded analyst estimates on revenue and earnings, driven by strong performance in its Home & Outdoor segment. The company also outlined its continued commitment to Project Pegasus, a strategic initiative aimed at driving long-term growth and efficiency.

CAVA Group Exceeds Expectations in Q2 Earnings, Raises Guidance

CAVA Group, a fast-casual restaurant chain, reported strong second-quarter earnings that beat analyst expectations, fueled by robust sales growth and a compelling value proposition. The company also raised its fiscal year 2024 adjusted EBITDA guidance and same-restaurant sales growth forecast, reflecting its positive outlook. Following the earnings announcement, several analysts upgraded their price targets on CAVA stock, signaling their confidence in the company’s performance.

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