Helen of Troy (NASDAQ:HELE) shares jumped more than 18% on Monday after the company reported Q1 earnings results, with EPS of $1.94 coming in better than the Street estimate of $1.68. Revenue was $474.7 million, beating the Street estimate of $465.36 million.

The company provided its full 2024 year guidance, expecting EPS in the range of $8.50-$9.00, compared to the Street estimate of $8.49, and revenue in the range of $1.965-$2.015 billion, compared to the Street estimate of $2 billion.

CEO Julien Mininberg expressed satisfaction with the quarter's performance, stating that it surpassed their initial projections. This accomplishment is especially noteworthy considering the persistent challenges faced by certain product categories due to reduced consumer demand and changing purchasing behaviors.

The company has been making notable strides in its previously announced restructuring endeavor, which involved a reduction of 10% in its workforce. This action was taken in response to the company navigating through a demanding macroeconomic climate.