Helen of Troy Ltd (HELE)

Helen of Troy Tops First-Quarter Forecasts as Shares Hold Steady on Outlook (HELE)July 8, 2026 9:30 AM
IH Market News Helen of Troy Limited (NASDAQ:HELE) reported first-quarter fiscal 2027 results on Wednesday that came in ahead of analyst expectations, although the stock was little changed in premarket trading. Shares edged down 0.14% before the opening bell following the earnings release. The company posted adjusted earnings per share of $0.17, outperforming the consensus forecast of a $0.05 loss per share by $0.22. Quarterly revenue rose 8.2% year over year to $402.1 million from $371.7 million, exceeding analysts’ expectations of $368.53 million. Growth was supported by solid performance across both operating divisions, with Home & Outdoor revenue increasing 9.5% and Beauty & Wellness sales climbing 7.0%. “We are off to a solid start in fiscal 2027, with first quarter net sales and adjusted EPS above our expectations and growth across both segments,” said G. Scott Uzzell, Chief Executive Officer. “We believe these results reflect early signs of progress against our multi-year roadmap and the disciplined execution of our teams.” For fiscal 2027, Helen of Troy increased its revenue guidance to a range of $1.759 billion to $1.831 billion. While the updated forecast replaces the previous baseline of $1.786 billion, the midpoint of $1.795 billion is only slightly above the analyst consensus estimate of $1.79 billion. The company left its adjusted earnings per share guidance unchanged at $3.25 to $3.75. The midpoint of $3.50 remains modestly ahead of the consensus forecast of $3.49. Gross profit margin narrowed by 110 basis points to 46.0%, mainly due to the impact of tariffs, less favourable inventory obsolescence and an unfavourable customer mix within the Home & Outdoor segment. Adjusted operating margin also declined, slipping 30 basis points to 4.0% from 4.3% a year earlier. Helen of Troy reported GAAP diluted earnings per share of $1.51, including an after-tax gain of $1.74 related to the sale of a distribution facility in Southaven, Mississippi. Helen of Troy stock price The post Helen of Troy Tops First-Quarter Forecasts as Shares Hold Steady on Outlook (HELE) appeared first on US Editors. Original: Helen of Troy Tops First-Quarter Forecasts as Shares Hold Steady on Outlook (HELE)

Helen of Troy Reports First Quarter Fiscal 2027 ResultsJuly 8, 2026 6:45 AM
Business Wire Consolidated Net Sales Growth of 8.2%
GAAP Diluted EPS of $1.51
Adjusted Diluted EPS(1) of $0.17 Updates Fiscal 2027 Outlook:
Raises Consolidated Net Sales to $1.759-$1.831 Billion
Maintains GAAP Diluted EPS of $3.57-$4.18; Maintains Adjusted Diluted EPS of $3.25-$3.75
GAAP Net Income of $85-$100 Million and Cash Flow from Operations of $119-$130 Million
Maintains Adjusted EBITDA(1) of $190-$197 Million
Maintains Free Cash Flow(1)(2) of $85-$100 Million Helen of Troy Limited (NASDAQ: HELE) reported results for the three-month period ended May 31, 2026. Executive Summary - First Quarter of Fiscal 2027 Compared to Fiscal 2026 Consolidated net sales revenue of $402.1 million compared to $371.7 million Gross profit margin of 46.0% compared to 47.1% Operating margin of 15.0%, which includes the favorable margin impact of a gain on the sale of a distribution facility(3) of 13.6%, compared to (109.5%), which included the unfavorable impact of non-cash asset impairment charges(4) of (111.5%) Non-GAAP adjusted operating margin(1) of 4.0% compared to 4.3% GAAP diluted earnings per share of $1.51, which includes an after-tax gain on the sale of a distribution facility of $1.74, compared to diluted loss per share of $19.65, which included after-tax non-cash asset impairment charges of $18.99 Non-GAAP adjusted diluted EPS of $0.17 compared to $0.41 Net cash used by operating activities of $0.6 million compared to net cash provided by operating activities of $58.3 million Non-GAAP adjusted EBITDA margin(1) of 6.3% compared to 6.9% Mr. G. Scott Uzzell, Chief Executive Officer, stated: “We are off to a solid start in fiscal 2027, with first quarter net sales and adjusted EPS above our expectations and growth across both segments. We believe these results reflect early signs of progress against our multi-year roadmap and the disciplined execution of our teams — including POS gains across a number of our key brands — as we continue to sharpen how the business runs, invest in our brands and capabilities, and get closer to the consumer. While there is still meaningful work ahead and we are navigating a dynamic operating environment, we are encouraged by the progress we are making and believe we are creating the foundation for more consistent, long-term growth.”   Three Months Ended May 31, (in thousands) (unaudited) Home & Outdoor   Beauty & Wellness   Total Fiscal 2026 sales revenue, net $ 177,983     $ 193,672     $ 371,655   Organic business (5)   15,623       11,963       27,586   Impact of foreign currency   1,317       1,557       2,874   Change in sales revenue, net   16,940       13,520       30,460   Fiscal 2027 sales revenue, net $ 194,923     $ 207,192     $ 402,115               Total net sales revenue growth   9.5 %     7.0 %     8.2 % Organic business   8.8 %     6.2 %     7.4 % Impact of foreign currency   0.7 %     0.8 %     0.8 %             Operating margin (GAAP)           Fiscal 2027   4.2 %     25.2 %     15.0 % Fiscal 2026   (120.1 )%     (99.8 )%     (109.5 )% Adjusted operating margin (non-GAAP) (1)           Fiscal 2027   6.3 %     1.8 %     4.0 % Fiscal 2026   5.0 %     3.7 %     4.3 % Consolidated Results - First Quarter Fiscal 2027 Compared to First Quarter Fiscal 2026 Consolidated net sales revenue increased $30.5 million, or 8.2%, to $402.1 million, with growth in both segments. Home & Outdoor growth was driven by strong international demand for packs, new product launches, and a favorable comparison to the prior year as tariff uncertainty pulled retailer orders out of the first quarter of fiscal 2026 and into the fourth quarter of fiscal 2025. Beauty & Wellness growth was driven by sales of nail care, fans and thermometers. Consolidated gross profit margin decreased 110 basis points to 46.0% primarily reflecting the net unfavorable impact of tariffs, a less favorable inventory obsolescence impact year-over-year, and a less favorable customer mix within Home & Outdoor. Consolidated selling, general and administrative expense (“SG&A”) ratio decreased to 31.0% primarily reflecting a pre-tax gain of $54.9 million on the sale of a distribution facility, lower outbound freight costs, lower depreciation and amortization, favorable operating leverage, and the favorable comparative impact of $3.5 million in CEO succession costs(6) recognized in the prior year period. Consolidated operating income was $60.3 million, or 15.0% of net sales revenue, which includes a pre-tax gain of $54.9 million on the sale of a distribution facility, compared to an operating loss of $407.0 million, or (109.5)% of net sales revenue, which includes non-cash asset impairment charges of $414.4 million. The remaining decrease of 60 basis points was primarily due to the decrease in gross profit margin reflecting the net unfavorable impact of tariffs. Interest expense was $12.2 million, compared to $13.8 million. The decrease primarily reflects lower average borrowings outstanding, partially offset by a lower balance of debt benefitting from interest rate swaps, compared to the same period last year. Income tax expense was $12.6 million on pre-tax income of $48.3 million, compared to income tax expense of $30.2 million on a pre-tax loss of $420.5 million for the same period last year. The decrease in tax expense is primarily due to the comparative impact of non-deductible impairment charges and valuation allowances on deferred tax assets recorded during the same period last year, partially offset by the tax expense recognized for the gain on the sale of a distribution facility. Net income was $35.8 million, compared to net loss of $450.7 million. Diluted earnings per share was $1.51, which includes an after-tax gain on the sale of a distribution facility of $1.74, compared to diluted loss per share of $19.65, which includes asset impairment charges and related valuation allowances on deferred tax assets of $19.71. Non-GAAP adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $25.5 million for both the first quarter of fiscal 2027 and 2026, representing 6.3% and 6.9% of net sales, respectively. On an adjusted basis (non-GAAP) for the first quarters of fiscal 2027 and 2026, excluding asset impairment charges(4), CEO succession costs(6), gain on sale of distribution facility(3), intangible asset reorganization(7), amortization of intangible assets and non-cash share-based compensation, as applicable: Adjusted operating income was $16.1 million for both the first quarter of fiscal 2027 and 2026, representing 4.0% and 4.3% of net sales revenue, respectively, a decrease of 30 basis points. The decrease was primarily driven by the net unfavorable impact of tariffs, a less favorable inventory obsolescence impact year-over-year, and an unfavorable customer mix within Home & Outdoor, partially offset by lower outbound freight and favorable operating leverage. Adjusted income decreased $5.5 million, or 58.3%, to $4.0 million and adjusted diluted EPS decreased 58.5% to $0.17. The decrease in adjusted diluted EPS was primarily due to an increase in adjusted income tax expense, partially offset by a decrease in interest expense. Segment Results - First Quarter Fiscal 2027 Compared to First Quarter Fiscal 2026 Home & Outdoor Home & Outdoor net sales revenue increased $16.9 million, or 9.5%, to $194.9 million. The increase was primarily driven by: strong international demand for technical, lifestyle and travel packs; incremental sales from new product launches; higher sales from expanded distribution in the home and insulated beverageware categories; and a favorable comparison to the prior year period, as tariff uncertainty pulled retailer orders out of the first quarter of fiscal 2026 and into the fourth quarter of fiscal 2025. These factors were partially offset by lower international sales in the home and insulated beverageware categories. Home & Outdoor operating income was $8.2 million, or 4.2% of segment net sales revenue, compared to operating loss of $213.8 million, or (120.1)% of segment net sales revenue, which included $219.1 million of pre-tax asset impairment charges. The remaining 120 basis point increase in segment operating margin was primarily due to: the favorable comparative impact of CEO succession costs of $1.7 million recognized in the prior year period; lower outbound freight costs; and the impact of favorable operating leverage. These factors were partially offset by: the net unfavorable impact of tariffs; an increase in share-based compensation expense; and unfavorable customer mix. Adjusted operating income increased 39.2% to $12.3 million, or 6.3% of segment net sales revenue. Beauty & Wellness Beauty & Wellness net sales revenue increased $13.5 million, or 7.0%, to $207.2 million. The increase was primarily driven by: growth in nail care due to new and expanded distribution; higher fan and thermometer sales benefitting from the favorable comparative impact of tariff related direct import cancellations and disruption in the China thermometry market during the same period last year; and growth in Wellness driven by incremental sales from new product launches. Beauty & Wellness operating income was $52.2 million, or 25.2% of segment net sales revenue, compared to an operating loss of $193.2 million, or (99.8)% of segment net sales revenue, which included $195.3 million of pre-tax asset impairment charges. The remaining increase in segment operating margin was primarily due to: a pre-tax gain on sale of distribution facility of $54.9 million; the favorable comparative impact of CEO succession costs of $1.7 million recognized in the prior year period; reduced outbound freight costs; and the impact of favorable operating leverage. These factors were partially offset by: the net unfavorable impact of tariffs; an increase in share-based compensation expense; and a less favorable inventory obsolescence impact year-over-year. Adjusted operating income decreased 48.2% to $3.8 million, or 1.8% of segment net sales revenue. Balance Sheet and Cash Flow - First Quarter Fiscal 2027 Compared to First Quarter Fiscal 2026 Cash and cash equivalents totaled $21.7 million, compared to $22.7 million. Accounts receivable turnover(8) was 66.6 days, compared to 69.7 days. Inventory was $467.4 million, which includes approximately $15 million of incremental tariff costs, compared to $484.1 million. Total short- and long-term debt was $716.1 million, compared to $871.0 million. Net cash used by operating activities for the first three months of the fiscal year was $0.6 million, compared to net cash provided of $58.3 million for the same period last year. Fiscal 2027 Annual Outlook Consolidated Net Sales: $1.759 billion to $1.831 billion Home & Outdoor Net Sales: $859 million to $884 million Beauty & Wellness Net Sales: $900 million to $947 million Diluted EPS (GAAP): $3.57 to $4.18 Adjusted Diluted EPS (Non-GAAP): $3.25 to $3.75 Net Income (GAAP): $85 million to $100 million Adjusted EBITDA (Non-GAAP): $190 million to $197 million Operating Cash Flow (GAAP): $119 million to $130 million Free Cash Flow(1)(2): $85 million to $100 million Key Annual Outlook Assumptions and Drivers Market and Consumption Environment: The Company’s outlook reflects management’s view of continued inflationary pressures, softness in discretionary categories, conservative retailer inventory management and an increasingly competitive and promotional landscape. Tariffs: Tariff rates in place as of June 2026 are assumed to remain in effect for the balance of fiscal 2027. The Company’s outlook includes the benefit from Phase 1 tariff refunds of approximately $9.2 million, but excludes any potential benefit from future refund phases due to the uncertainty surrounding the timing and collectability of those refunds. Commodity Costs, Freight and Supply Availability: Heightened geopolitical and supply-chain risks, including ongoing tensions in the Middle East, have begun to drive volatility in energy and commodity markets that could continue, increasing uncertainty around input costs and supply chain continuity across key regions and transportation routes. The Company’s outlook now includes the expectation of higher product costs driven by increases in commodity inputs and pressure from unfavorable Chinese Yuan fluctuations, increased inbound and outbound freight expense, and higher costs to secure goods to avoid supply disruption. Strategic Investment: An increase in growth investments of 40 basis points, prioritizing high return marketing and innovation initiatives. Illness Incidence: In line with the average of the three prior seasons, which is well below pre-Covid historical averages. Interest and Debt Leverage: Interest expense in the range of $45.5 million to $47.5 million with cash flow prioritized for debt reduction, and an expected net leverage ratio(1)(9), as defined in the Company’s credit agreement, of approximately 3.2x or lower by the end of fiscal 2027. Tax: GAAP effective tax rate of 27.2% to 29.7%; adjusted effective tax rate of 24.0% to 26.0%. Working Capital Efficiency and Capital Investment: Continued working capital efficiency during fiscal 2027, with an emphasis on further inventory reduction. The Company expects capital expenditures of $30 million to $34 million with an emphasis on product innovation and supply chain diversification. Currency: June 2026 foreign currency exchange rates remain constant for the remainder of the fiscal year. Shares Outstanding: Weighted average diluted shares outstanding of 23.8 million. The likelihood, timing and potential impact of a significant or prolonged recession, any fiscal 2027 acquisitions and divestitures, future asset impairment charges, additional interest rate changes, litigation or share repurchases are unknown and cannot be reasonably estimated; therefore, they are not included in the Company’s outlook. Conference Call and Webcast The Company will conduct a teleconference in conjunction with today’s earnings release. The teleconference begins at 9:00 a.m. Eastern Time today, Wednesday, July 8, 2026. Institutional investors and analysts interested in participating in the call are invited to dial (877) 407-3982 approximately ten minutes prior to the start of the call. The conference call will also be webcast live on the Events & Presentations page at: http://investor.helenoftroy.com/. A telephone replay of this call will be available at 1:00 p.m. Eastern Time on July 8, 2026, until 11:59 p.m. Eastern Time on July 22, 2026, and can be accessed by dialing (844) 512-2921 and entering replay pin number 13761054. A replay of the webcast will remain available on the website for one year. Non-GAAP Financial Measures The Company reports and discusses its operating results using financial measures consistent with accounting principles generally accepted in the United States of America (“GAAP”). To supplement its presentation, the Company discloses certain financial measures that may be considered non-GAAP such as Adjusted Operating Income, Adjusted Operating Margin, Adjusted Effective Tax Rate, Adjusted Income, Adjusted Diluted Earnings per Share (“EPS”), EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow and Net Leverage Ratio, which are presented in accompanying tables to this press release along with a reconciliation of these financial measures to their corresponding GAAP-based financial measures presented in the Company’s condensed consolidated statements of income and cash flows. For additional information, see Note 1 to the accompanying tables to this press release. About Helen of Troy Limited Helen of Troy Limited (NASDAQ: HELE) is a leading global consumer products company offering creative products and solutions for its customers through a diversified portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon and Olive & June. All trademarks herein belong to Helen of Troy Limited (or its subsidiaries) and/or are used under license from their respective licensors. For more information about Helen of Troy, please visit http://investor.helenoftroy.com Forward-Looking Statements Certain written and oral statements made by the Company and subsidiaries of the Company may constitute “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. This includes statements made in this press release, in other filings with the SEC, and in certain other oral and written presentations. Generally, the words “anticipates”, “assumes”, “believes”, “expects”, “plans”, “may”, “will”, “might”, “would”, “should”, “seeks”, “estimates”, “project”, “predict”, “potential”, “currently”, “continue”, “intends”, “outlook”, “forecasts”, “targets”, “reflects”, “could”, and other similar words identify forward-looking statements. All statements that address operating results, events or developments that the Company expects or anticipates may occur in the future, including statements related to sales, expenses, earnings per share results, and statements expressing general expectations about future operating results, are forward-looking statements and are based upon its current expectations and various assumptions. The Company currently believes there is a reasonable basis for these expectations and assumptions, but there can be no assurance that the Company will realize these expectations or that these assumptions will prove correct. Forward-looking statements are only as of the date they are made and are subject to risks, many of which are beyond the Company’s control, that could cause them to differ materially from actual results. Accordingly, the Company cautions readers not to place undue reliance on forward-looking statements. The forward-looking statements contained in this press release should be read in conjunction with, and are subject to and qualified by, the risks described in the Company’s Form 10-K for the year ended February 28, 2026, and in the Company’s other filings with the SEC. Investors are urged to refer to the risk factors referred to above for a description of these risks. Such risks include, among others, the geographic concentration of certain United States (“U.S.”) distribution facilities which increases its risk to disruptions that could affect the Company’s ability to deliver products in a timely manner, the occurrence of cyber incidents or failure by the Company or its third-party service providers to maintain cybersecurity and the integrity of confidential internal or customer data, a cybersecurity breach, obsolescence or interruptions in the operation of the Company’s central global Enterprise Resource Planning systems and other peripheral information systems, risks associated with the use of licensed trademarks from or to third parties, the Company’s ability to develop and introduce a continuing stream of innovative new products to meet changing consumer preferences, actions taken by large customers that may adversely affect the Company’s gross profit and operating results, the Company’s dependence on sales to several large customers and the risks associated with any loss of, or substantial decline in, sales to top customers, the Company’s dependence on third-party manufacturers, most of which are located in Asia, and any inability to obtain products from such manufacturers or diversify production to other regions or source the same product in multiple regions or implement potential tariff mitigation plans, the Company’s ability to deliver products to its customers in a timely manner and according to their fulfillment standards, the risks associated with trade barriers, exchange controls, expropriations, and other risks associated with domestic and foreign operations including uncertainty and business interruptions resulting from political changes and events in the U.S. and abroad, and volatility in the global credit and financial markets and economy, the Company’s dependence on the strength of retail economies and vulnerabilities to any prolonged economic downturn, including a downturn from the effects of macroeconomic conditions, geopolitical conditions including global conflicts or wars such as the Israel-United States and Iran conflict, any public health crises or similar conditions, risks associated with weather conditions, the duration and severity of the cold and flu season and other related factors, the Company’s reliance on its Chief Executive Officer and a limited number of other key senior officers to operate its business, the Company’s ability to execute and realize expected synergies from strategic business initiatives such as acquisitions, divestitures and global restructuring plans, the risks of significant tariffs or other restrictions continuing to be placed on imports from China, Vietnam or Mexico and any retaliatory measures taken by these countries, the risks of potential changes in laws and regulations, including environmental, employment and health and safety and tax laws, and the costs and complexities of compliance with such laws, the risks associated with increased focus and expectations on climate change and other sustainability matters, the risks associated with significant changes in or the Company’s compliance with regulations, interpretations or product certification requirements, the risks associated with global legal developments regarding privacy and data security that could result in changes to its business practices, penalties, increased cost of operations, or otherwise harm the business, the risks associated with product recalls, product liability, class actions and other claims against the Company, the Company’s dependence on whether it is classified as a “controlled foreign corporation” for U.S. federal income tax purposes which impacts the tax treatment of its non-U.S. income, the risks associated with regulatory changes in Bermuda, including economic substance and tax governance requirements, the risks associated with accounting for tax positions and the resolution of tax disputes, and associated financial risks including but not limited to, the risks to the Company’s business, liquidity or cost of capital which may be materially adversely affected by constraints or changes in the capital and credit markets, interest rates and limitations under and compliance with its credit facility, including debt covenants, significant additional impairment of the Company’s goodwill, indefinite-lived and definite-lived intangible assets and other long-lived assets, projections of product demand, sales and net income, which are highly subjective in nature, and from which future sales and net income could vary by a material amount, increased costs of raw materials, energy and transportation, and risks associated with foreign currency exchange rate fluctuations. The Company undertakes no obligation to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise. HELEN OF TROY LIMITED AND SUBSIDIARIES Condensed Consolidated Statements of Income (Loss) (Unaudited) (in thousands, except per share data)     Three Months Ended May 31,   2026   2025 Sales revenue, net $ 402,115   100.0 %   $ 371,655     100.0 % Cost of goods sold   217,260   54.0 %     196,644     52.9 % Gross profit   184,855   46.0 %     175,011     47.1 % Selling, general and administrative expense (“SG&A”)   124,506   31.0 %     167,664     45.1 % Asset impairment charges   —   — %     414,385     111.5 % Operating income (loss)   60,349   15.0 %     (407,038 )   (109.5 )% Non-operating income, net   218   0.1 %     308     0.1 % Interest expense   12,243   3.0 %     13,808     3.7 % Income (loss) before income tax   48,324   12.0 %     (420,538 )   (113.2 )% Income tax expense   12,562   3.1 %     30,180     8.1 % Net income (loss) $ 35,762   8.9 %   $ (450,718 )   (121.3 )%                 Diluted earnings (loss) per share $ 1.51       $ (19.65 )                     Weighted average shares of common stock used in computing diluted earnings (loss) per share   23,758         22,943       Consolidated Net Sales by Geographic Region (10) (Unaudited) (in thousands)     Three Months Ended May 31,   2026   2025 Domestic sales revenue, net $ 307,348   76.4 %   $ 277,960   74.8 % International sales revenue, net   94,767   23.6 %     93,695   25.2 % Total sales revenue, net $ 402,115   100.0 %   $ 371,655   100.0 % Reconciliation of Non-GAAP Financial Measures – GAAP Operating Income (Loss) and Operating Margin to Adjusted Operating Income and Adjusted Operating Margin (Non-GAAP) (1) (Unaudited) (in thousands)     Three Months Ended May 31, 2026   Home &
Outdoor   Beauty &
Wellness   Total Operating income, as reported (GAAP) $ 8,165   4.2 %   $ 52,184     25.2 %   $ 60,349     15.0 % Gain on sale of distribution facility (3)   —   — %     (54,854 )   (26.5 )%     (54,854 )   (13.6 )% Subtotal   8,165   4.2 %     (2,670 )   (1.3 )%     5,495     1.4 % Amortization of intangible assets   1,373   0.7 %     2,782     1.3 %     4,155     1.0 % Non-cash share-based compensation   2,794   1.4 %     3,643     1.8 %     6,437     1.6 % Adjusted operating income (non-GAAP) $ 12,332   6.3 %   $ 3,755     1.8 %   $ 16,087     4.0 %   Three Months Ended May 31, 2025   Home &
Outdoor   Beauty &
Wellness   Total Operating loss, as reported (GAAP) $ (213,793 )   (120.1 )%   $ (193,245 )   (99.8 )%   $ (407,038 )   (109.5 )% Asset impairment charges (4)   219,095     123.1 %     195,290     100.8 %     414,385     111.5 % CEO succession costs (6)   1,742     1.0 %     1,742     0.9 %     3,484     0.9 % Subtotal   7,044     4.0 %     3,787     2.0 %     10,831     2.9 % Amortization of intangible assets   1,782     1.0 %     3,207     1.7 %     4,989     1.3 % Non-cash share-based compensation   34     — %     262     0.1 %     296     0.1 % Adjusted operating income (non-GAAP) $ 8,860     5.0 %   $ 7,256     3.7 %   $ 16,116     4.3 % Reconciliation of Non-GAAP Financial Measures – GAAP Operating Income (Loss) to EBITDA (Earnings (Loss) Before Interest, Taxes, Depreciation and Amortization), Adjusted EBITDA and Adjusted EBITDA Margin (Non-GAAP) (1) (Unaudited) (in thousands)     Three Months Ended May 31, 2026   Home &
Outdoor   Beauty &
Wellness   Total Operating income, as reported (GAAP) $ 8,165   4.2 %   $ 52,184     25.2 %   $ 60,349     15.0 % Depreciation and amortization   6,492   3.3 %     6,885     3.3 %     13,377     3.3 % Non-operating income, net   —   — %     218     0.1 %     218     0.1 % EBITDA (non-GAAP)   14,657   7.5 %     59,287     28.6 %     73,944     18.4 % Add: Gain of sale of distribution facility   —   — %     (54,854 )   (26.5 )%     (54,854 )   (13.6 )% Non-cash share-based compensation   2,794   1.4 %     3,643     1.8 %     6,437     1.6 % Adjusted EBITDA (non-GAAP) $ 17,451   9.0 %   $ 8,076     3.9 %   $ 25,527     6.3 %   Three Months Ended May 31, 2025   Home &
Outdoor   Beauty &
Wellness   Total Operating loss, as reported (GAAP) $ (213,793 )   (120.1 )%   $ (193,245 )   (99.8 )%   $ (407,038 )   (109.5 )% Depreciation and amortization   6,559     3.7 %     7,525     3.9 %     14,084     3.8 % Non-operating income, net   —     — %     308     0.2 %     308     0.1 % EBITDA (non-GAAP)   (207,234 )   (116.4 )%     (185,412 )   (95.7 )%     (392,646 )   (105.6 )% Add: Asset impairment charges   219,095     123.1 %     195,290     100.8 %     414,385     111.5 % CEO succession costs   1,742     1.0 %     1,742     0.9 %     3,484     0.9 % Non-cash share-based compensation   34     — %     262     0.1 %     296     0.1 % Adjusted EBITDA (non-GAAP) $ 13,637     7.7 %   $ 11,882     6.1 %   $ 25,519     6.9 % Reconciliation of Non-GAAP Financial Measures – GAAP Net Income (Loss) to EBITDA (Earnings (Loss) Before Interest, Taxes, Depreciation and Amortization), Adjusted EBITDA and Adjusted EBITDA Margin (Non-GAAP) (1) (Unaudited) (in thousands)     Three Months Ended May 31,   2026   2025 Net income (loss), as reported (GAAP) $ 35,762     8.9 %   $ (450,718 )   (121.3 )% Interest expense   12,243     3.0 %     13,808     3.7 % Income tax expense   12,562     3.1 %     30,180     8.1 % Depreciation and amortization   13,377     3.3 %     14,084     3.8 % EBITDA (non-GAAP)   73,944     18.4 %     (392,646 )   (105.6 )% Add: Asset impairment charges   —     — %     414,385     111.5 % CEO succession costs   —     — %     3,484     0.9 % Gain on sale of distribution facility   (54,854 )   (13.6 )%     —     — % Non-cash share-based compensation   6,437     1.6 %     296     0.1 % Adjusted EBITDA (non-GAAP) $ 25,527     6.3 %   $ 25,519     6.9 %   Quarterly Period Ended   Twelve Months
Ended
May 31, 2026   August   November   February   May   Net (loss) income, as reported (GAAP) $ (308,643 )   $ (84,056 )   $ (55,565 )   $ 35,762     $ (412,502 ) Interest expense   14,221       15,855       13,855       12,243       56,174   Income tax (benefit) expense   (21,046 )     60,042       (9,032 )     12,562       42,526   Depreciation and amortization   12,860       12,837       13,514       13,377       52,588   EBITDA (non-GAAP)   (302,608 )     4,678       (37,228 )     73,944       (261,214 ) Add: Asset impairment charges   326,394       65,906       79,176       —       471,476   EPA compliance costs (11)   —       —       4,354       —       4,354   Gain on sale of distribution facility   —       —       —       (54,854 )     (54,854 ) Restructuring charges   3,005       —       —       —       3,005   Non-cash share-based compensation   9,372       5,030       2,187       6,437       23,026   Adjusted EBITDA (non-GAAP) $ 36,163     $ 75,614     $ 48,489     $ 25,527     $ 185,793   Reconciliation of Non-GAAP Financial Measures – GAAP Income (Loss) and Diluted Earnings (Loss) Per Share to Adjusted Income and Adjusted Diluted Earnings Per Share (Non-GAAP) (1) (Unaudited) (in thousands, except per share data)     Three Months Ended May 31, 2026   Income   Diluted Earnings Per Share   Before Tax   Tax   Net of Tax   Before Tax   Tax   Net of Tax As reported (GAAP) $ 48,324     $ 12,562     $ 35,762     $ 2.03     $ 0.53     $ 1.51   Gain on sale of distribution facility   (54,854 )     (13,549 )     (41,305 )     (2.31 )     (0.57 )     (1.74 ) Subtotal   (6,530 )     (987 )     (5,543 )     (0.27 )     (0.04 )     (0.23 ) Amortization of intangible assets   4,155       672       3,483       0.17       0.03       0.15   Non-cash share-based compensation   6,437       424       6,013       0.27       0.02       0.25   Adjusted (non-GAAP) $ 4,062     $ 109     $ 3,953     $ 0.17     $ —     $ 0.17                           Weighted average shares of common stock used in computing reported and non-GAAP diluted earnings per share     23,758     Three Months Ended May 31, 2025   (Loss) Income   Diluted (Loss) Earnings Per Share   Before Tax   Tax   Net of Tax   Before Tax   Tax   Net of Tax As reported (GAAP) $ (420,538 )   $ 30,180     $ (450,718 )   $ (18.33 )   $ 1.32     $ (19.65 ) Asset impairment charges   414,385       (21,769 )     436,154       18.04       (0.95 )     18.99   CEO succession costs   3,484       153       3,331       0.15       0.01       0.15   Intangible asset reorganization (7)   —       (16,474 )     16,474       —       (0.72 )     0.72   Subtotal   (2,669 )     (7,910 )     5,241       (0.12 )     (0.34 )     0.23   Amortization of intangible assets   4,989       882       4,107       0.22       0.04       0.18   Non-cash share-based compensation   296       157       139       0.01       0.01       0.01   Adjusted (non-GAAP) $ 2,616     $ (6,871 )   $ 9,487     $ 0.11     $ (0.30 )   $ 0.41                           Weighted average shares of common stock used in computing:     Diluted loss per share, as reported     22,943   Adjusted diluted earnings per share (non-GAAP)     22,971   Selected Consolidated Balance Sheet and Cash Flow Information (Unaudited) (in thousands)     May 31,   2026   2025 Balance Sheet:       Cash and cash equivalents $ 21,682   $ 22,669 Receivables, net   323,835     314,814 Inventory   467,395     484,127 Total assets, current   856,254     855,415 Total assets   2,080,064     2,651,963 Total liabilities, current   480,190     504,514 Total long-term liabilities   756,355     919,763 Total debt   716,147     871,013 Stockholders’ equity   843,519     1,227,686   Three Months Ended May 31,   2026   2025 Cash Flow:       Depreciation and amortization $ 13,377     $ 14,084   Net cash (used) provided by operating activities   (636 )     58,338   Capital and intangible asset expenditures   5,806       13,362   Net debt repayments   (65,070 )     (45,044 ) Payments for repurchases of common stock   1,215       1,331   Reconciliation of Non-GAAP Financial Measures – GAAP Net Cash (Used) Provided by Operating Activities to Free Cash Flow (Non-GAAP) (1) (2) (Unaudited) (in thousands)     Three Months Ended May 31,   2026   2025 Net cash (used) provided by operating activities (GAAP) $ (636 )   $ 58,338   Less: Capital and intangible asset expenditures   (5,806 )     (13,362 ) Free cash flow (non-GAAP) $ (6,442 )   $ 44,976   Reconciliation of Non-GAAP Financial Measures – Net Leverage Ratio (Non-GAAP) (1) (9) (Unaudited) (in thousands)     Quarterly Period Ended   Twelve Months
Ended
May 31, 2026   August   November   February   May   Adjusted EBITDA (non-GAAP) (12) $ 36,163   $ 75,614   $ 48,489   $ 25,527   $ 185,793   Permitted adjustments per the credit agreement (9)   —     —     —     —     13,870   Adjusted EBITDA per the credit agreement $ 36,163   $ 75,614   $ 48,489   $ 25,527   $ 199,663                       Total borrowings under the credit agreement, as reported (GAAP)       $ 720,474   Less: Unrestricted cash and cash equivalents         (26,435 ) Net debt                 $ 694,039                       Net leverage ratio (non-GAAP) (9)                   3.48   Fiscal 2027 Outlook for Net Sales Revenue (Unaudited) (in thousands)   Consolidated: Fiscal 2026   Fiscal 2027 Outlook Net sales revenue $ 1,786,290   $ 1,759,000     —   $ 1,831,000   Net sales revenue (decline) growth       (1.5 )%   —     2.5 % Reconciliation of Non-GAAP Financial Measures – Fiscal 2027 Outlook for GAAP Net Income to EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and Adjusted EBITDA (Non-GAAP) (1) (Unaudited) (in thousands)     Three Months
Ended May 31,
2026   Outlook for the
Balance of the
Fiscal Year
(Nine Months)   Fiscal 2027 Outlook Net income, as reported (GAAP) $ 35,762     $ 49,392   —   $ 63,892   $ 85,154     —   $ 99,654   Interest expense   12,243       35,257   —     33,257     47,500     —     45,500   Income tax expense   12,562       23,338   —     24,538     35,900     —     37,100   Depreciation and amortization   13,377       38,623   —     34,623     52,000     —     48,000   EBITDA (non-GAAP)   73,944       146,610   —     156,310     220,554     —     230,254   Add: Gain on sale of distribution facility   (54,854 )     —   —     —     (54,854 )   —     (54,854 ) Non-cash share-based compensation   6,437       17,563   —     15,563     24,000     —     22,000   Adjusted EBITDA (non-GAAP) $ 25,527     $ 164,173   —   $ 171,873   $ 189,700     —   $ 197,400   Reconciliation of Non-GAAP Financial Measures – Fiscal 2027 Outlook for GAAP Diluted EPS to Adjusted Diluted EPS (Non-GAAP) and GAAP Effective Tax Rate to Adjusted Effective Tax Rate (Non-GAAP) (1) (Unaudited)     Three Months
Ended
May 31, 2026   Outlook for the
Balance of the
Fiscal Year
(Nine Months)   Fiscal
2027 Outlook   Tax Rate
Fiscal 2027
Outlook Diluted EPS, as reported (GAAP) $ 1.51     $ 2.06     -   $ 2.67     $ 3.57     -   $ 4.18     29.7 %   -   27.2 % Gain on sale of distribution facility   (2.31 )     —     -     —       (2.31 )   -     (2.31 )             Amortization of intangible assets   0.17       0.46     -     0.42       0.63     -     0.59               Non-cash share-based compensation   0.27       0.74     -     0.65       1.01     -     0.92               Income tax effect of adjustments   0.52       (0.17 )   -     (0.15 )     0.35     -     0.37     (3.7 )%   -   (3.2 )% Adjusted diluted EPS (non-GAAP) $ 0.17     $ 3.08     -   $ 3.58     $ 3.25     -   $ 3.75     26.0 %   -   24.0 % Reconciliation of Non-GAAP Financial Measures – Fiscal 2027 Outlook for GAAP Net Cash (Used) Provided by Operating Activities to Free Cash Flow (Non-GAAP) (1) (2) (Unaudited) (in thousands)     Three Months
Ended May 31,
2026   Outlook for the
Balance of the
Fiscal Year
(Nine Months)   Fiscal 2027 Outlook Net cash (used) provided by operating activities (GAAP) $ (636 )   $ 119,636     —   $ 130,636     $ 119,000     —   $ 130,000   Less: Capital and intangible asset expenditures   (5,806 )     (28,194 )   —     (24,194 )     (34,000 )   —     (30,000 ) Free cash flow (non-GAAP) $ (6,442 )   $ 91,442     —   $ 106,442     $ 85,000     —   $ 100,000   HELEN OF TROY LIMITED AND SUBSIDIARIES Notes to Press Release (1)   This press release contains non-GAAP financial measures. Adjusted Operating Income, Adjusted Operating Margin, Adjusted Effective Tax Rate, Adjusted Income, Adjusted Diluted Earnings Per Share, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow and Net Leverage Ratio (“Non-GAAP Financial Measures”) that are discussed in the accompanying press release or in the preceding tables may be considered non-GAAP financial measures as defined by SEC Regulation G, Rule 100. Accordingly, the Company is providing the preceding tables that reconcile these measures to their corresponding GAAP-based financial measures. The Company is unable to present a quantitative reconciliation of forward-looking expected net leverage ratio to its most directly comparable forward-looking GAAP financial measure because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP financial measure without unreasonable effort or expense. In addition, the Company believes such reconciliation would imply a degree of precision that would be confusing or misleading to investors. The Company believes that these Non-GAAP Financial Measures provide useful information to management and investors regarding financial and business trends relating to its financial condition and results of operations. The Company believes that these Non-GAAP Financial Measures, in combination with the Company’s financial results calculated in accordance with GAAP, provide investors with additional perspective regarding the impact of certain charges and benefits on applicable income, margin and earnings per share measures. The Company also believes that these Non-GAAP Financial Measures reflect the operating performance of its business and facilitate a more direct comparison of the Company’s performance with its competitors. The material limitation associated with the use of the Non-GAAP Financial Measures is that the Non-GAAP Financial Measures do not reflect the full economic impact of the Company’s activities. These Non-GAAP Financial Measures are not prepared in accordance with GAAP, are not an alternative to GAAP financial measures and may be calculated differently than non-GAAP financial measures disclosed by other companies. Accordingly, undue reliance should not be placed on non-GAAP financial measures.       (2)   Free cash flow represents net cash provided by operating activities less capital and intangible asset expenditures.       (3)   Represents a pre-tax gain on the sale of the Company’s distribution facility in Southaven, Mississippi which was completed on April 14, 2026, during the first quarter of fiscal 2027 (“gain on sale of distribution facility”).       (4)   Non-cash asset impairment charges were recognized, during the first quarter of fiscal 2026, to reduce goodwill and other intangible assets, which impacted both the Beauty & Wellness and Home & Outdoor segments.       (5)   Organic business refers to net sales revenue associated with product lines or brands after the first twelve months from the date the product line or brand is acquired, excluding the impact that foreign currency remeasurement had on reported net sales revenue. Net sales revenue from internally developed brands or product lines is considered Organic business activity.       (6)   Represents costs incurred in connection with the departure of the Company’s former CEO primarily related to severance and recruitment costs (“CEO succession costs”).       (7)   Represents income tax expense from the recognition of valuation allowances in fiscal 2026 on deferred tax assets related to the Company’s intangible asset reorganization in fiscal 2025 (“intangible asset reorganization”).       (8)   Accounts receivable turnover uses 12 month trailing net sales revenue. The current and four prior quarters’ ending balances of trade accounts receivable are used for the purposes of computing the average balance component as required by the particular measure.       (9)   Net leverage ratio is calculated as (a) total borrowings under the Company’s credit agreement, net of unrestricted cash and cash equivalents, including readily marketable obligations issued, guaranteed or insured by the U.S. with maturities of two years or less, at the end of the current period, divided by (b) Adjusted EBITDA per the Company’s credit agreement (calculated as EBITDA plus non-cash charges and certain allowed addbacks, less certain non-cash income, plus the pro forma effect of acquisitions and certain pro forma run-rate cost savings for acquisitions and dispositions, as applicable for the trailing twelve months ended as of the current period).       (10)   Domestic net sales revenue includes net sales revenue from the U.S. and Canada.       (11)   Settlement costs related to EPA packaging and labeling compliance for certain products in the air filtration, water filtration and humidification categories within the Beauty & Wellness segment (“EPA compliance costs”).       (12)   See reconciliation of Adjusted EBITDA to the most directly comparable GAAP-based financial measure (net income (loss)) in the accompanying tables to this press release.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260708778198/en/ Investor Contact:
Helen of Troy Limited
Anne Rakunas, Director, External Communications
investors@helenoftroy.com ICR, Inc.
Allison Malkin, Partner
investors@helenoftroy.com Original: Helen of Troy Reports First Quarter Fiscal 2027 Results

Helen of Troy Limited Announces Earnings Release Date, Conference Call, and Webcast for First Quarter Fiscal Year 2027 ResultsJune 24, 2026 4:05 PM
Business Wire Helen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, today announced that the Company will release its first quarter fiscal year 2027 results before the stock market opens on Wednesday, July 8, 2026. The Company will conduct a conference call to discuss its first quarter fiscal year 2027 results on the same day, Wednesday, July 8, 2026, at 9:00 a.m. Eastern Time. The conference call will be hosted by G. Scott Uzzell, Chief Executive Officer, and Brian Grass, Chief Financial Officer. Institutional investors and analysts interested in participating in the call are invited to dial (877) 407-3982 approximately ten minutes prior to the start of the call. The conference call will also be webcast live on the Events & Presentations page at: http://investor.helenoftroy.com/. A telephone replay of this call will be available at 1:00 p.m. Eastern Time on July 8, 2026, until 11:59 p.m. Eastern Time on July 22, 2026, and can be accessed by dialing (844) 512-2921 and entering replay pin number 13761054. A replay of the webcast will remain available on the website for one year. About Helen of Troy Limited Helen of Troy Limited (NASDAQ: HELE) is a leading global consumer products company offering creative products and solutions for its customers through a diversified portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon, and Olive & June. All trademarks herein belong to Helen of Troy Limited (or its subsidiaries) and/or are used under license from their respective licensors. For more information about Helen of Troy, please visit http://investor.helenoftroy.com/ View source version on businesswire.com: https://www.businesswire.com/news/home/20260624229673/en/ Anne Rakunas
Director, External Communications
Helen of Troy Limited
investors@helenoftroy.com Allison Malkin
Partner
ICR, Inc.
investors@helenoftroy.com Original: Helen of Troy Limited Announces Earnings Release Date, Conference Call, and Webcast for First Quarter Fiscal Year 2027 Results

HELE Shareholder Alert: Helen of Troy Limited Securities Class Action Lawsuit - Investors Should Contact The Gross Law FirmJune 16, 2026 9:13 AM
PR Newswire (US) NEW YORK, June 16, 2026 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Helen of Troy Limited (NASDAQ: HELE). Shareholders who purchased shares of HELE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/helen-of-troy-limited-loss-submission-form/?id=188280&from=4CLASS PERIOD: April 24, 2024 to October 8, 2025ALLEGATIONS: According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that evidence suggests that given the importance of project pegasus to the Company's business model and finances, the external macroeconomic conditions during the class period, and the Company's internal budget and resource constraints, at the time these statements were made, defendants knew or should have known that project pegasus would not, and was not on track to, realize the savings, efficiency, or effectiveness that Helen of Troy consistently touted.DEADLINE: August 3, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/helen-of-troy-limited-loss-submission-form/?id=188280&from=4NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of HELE during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 3, 2026. There is no cost or obligation to you to participate in this case.WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg @bback View original content to download multimedia:https://www.prnewswire.com/news-releases/hele-shareholder-alert-helen-of-troy-limited-securities-class-action-lawsuit---investors-should-contact-the-gross-law-firm-302801728.htmlSOURCE The Gross Law Firm Original: HELE Shareholder Alert: Helen of Troy Limited Securities Class Action Lawsuit - Investors Should Contact The Gross Law Firm

HELE Shareholder Alert: Helen of Troy Limited Securities Class Action Lawsuit - Investors Should Contact SueWallStJune 11, 2026 9:35 AM
PR Newswire (US) The Red Flags: What Helen of Troy Insiders Allegedly Knew About Project Pegasus Failures Before Shareholders Were Told, Contributing to Over $38 Per Share in Cumulative LossesNEW YORK, June 11, 2026 /PRNewswire/ -- SueWallSt notifies investors in Helen of Troy Limited (NASDAQ: HELE) that a securities class action has been filed on behalf of shareholders who purchased securities between April 24, 2024, and October 8, 2025. Submit your information to recover losses. You may also contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt. Helen of Troy shares lost over $38 per share across four corrective disclosures, including a single-day decline of $24.68 per share (27.7%). The lead plaintiff deadline is August 3, 2026.What They Allegedly KnewThe securities action contends that Helen of Troy's senior leadership was aware that Project Pegasus, the company's centerpiece restructuring program, lacked the budget and resources necessary to deliver its promised $75 million to $85 million in savings. The lawsuit maintains that executives personally spearheaded and oversaw the initiative, making it implausible they were unaware of the program's fundamental shortcomings even as they publicly declared it was "generating fuel" and remained "on track."The Red Flags That EmergedPlaintiffs assert that multiple warning signs preceded the corrective disclosures:The company's internal budget and resource constraints were allegedly insufficient to achieve stated restructuring goals, a fact known to leadership before public assurances were madeA new Tennessee distribution center repeatedly failed to achieve targeted labor efficiencies, yet the company continued to characterize the issues as mere "implementation hiccups"Earnings per share declined 49% year-over-year in Q1 FY2025, yet management continued to assure investors the restructuring was "on track" in subsequent quartersThe CEO who spearheaded Project Pegasus departed suddenly after only 14 months, with the company citing "underperformance in recent years" and seeking a replacement with "turnaround/restructuring experience"A $414.4 million goodwill impairment was ultimately recorded in July of 2025, reflecting the severity of revenue deceleration that the action alleges was foreseeableInside Knowledge vs. Public StatementsThe complaint charges that while leadership privately understood the company had become "too matrixed, too slow, and at times disconnected from each other and the marketplace," public statements painted a starkly different picture. Investors heard that Project Pegasus was "instrumental" in transformation and was delivering "critical fuel for reinvestment." The gap between what was allegedly known internally and what was communicated externally widened over the 18-month Class Period.Act now to protect your rights or call (888) SueWallSt."The timeline raises important questions about when certain risks were known internally versus when they were disclosed to the investing public. Shareholders who purchased HELE stock based on repeated assurances about Project Pegasus deserve to understand what leadership knew and when they knew it." -- Joseph E. Levi, Esq.What Investors Were Not ToldThe action alleges investors were not told that macroeconomic conditions and internal constraints had rendered the original Project Pegasus savings plan unachievable. Instead of disclosing these material risks, the complaint contends, leadership continued to tout the program's progress through at least six consecutive earnings calls and investor presentations, maintaining savings estimates that were allegedly no longer realistic.ABOUT THE FIRM -- SueWallSt represents investors in securities class actions nationwide, with a track record of recovering hundreds of millions for shareholders harmed by alleged corporate concealment. Ranked among ISS Top 50 for seven consecutive years. Lead plaintiff applications must be submitted by August 3, 2026.Frequently Asked Questions About the HELE LawsuitQ: When did Helen of Troy allegedly mislead investors? A: The class period runs from April 24, 2024, to October 8, 2025. The alleged fraud was revealed through multiple corrective disclosures causing significant cumulative stock declines.Q: What specific misstatements does the HELE lawsuit allege? A: The complaint alleges Helen of Troy made materially false or misleading statements regarding the progress, resource adequacy, and expected savings of its Project Pegasus restructuring program. When the true state of affairs was revealed, the stock price declined sharply on multiple occasions.Q: What do HELE investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt for a free, no-obligation evaluation at jlevi@SueWallSt.com or (888) SueWallSt. No immediate action is required to remain eligible as a class member.Q: What if I already sold my HELE shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.CONTACT:SueWallStJoseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 27th FloorNew York, NY 10004jlevi @Icons1 View original content to download multimedia:https://www.prnewswire.com/news-releases/hele-shareholder-alert-helen-of-troy-limited-securities-class-action-lawsuit---investors-should-contact-suewallst-302797692.htmlSOURCE SueWallSt.com Original: HELE Shareholder Alert: Helen of Troy Limited Securities Class Action Lawsuit - Investors Should Contact SueWallSt

Hydro Flask® and Universal Music Group Partner to Promote Reusable Drinkware in Music SpacesJune 2, 2026 4:00 AM
PR Newswire (US) Hydro Flask will work across UMG's global network of studios, songwriting sessions, and events to encourage the reduction of single-use beverageware by integrating reusable hydration solutions Launching with a special event at the iconic Abbey Road Studios, the sustainability-focused global collaboration will unfold throughout the year with activations and events featuring Gigi Perez, Sekou, and additional surprise artistsLOS ANGELES and LONDON, June 2, 2026 /PRNewswire/ -- Hydro Flask®, an award-winning leader in high-performance insulated products, and Universal Music Group (UMG), the world leader in music-based entertainment, today announce a new global partnership to encourage the reduction of single-use beverage waste within the music industry. Built as a long-term creative collaboration — from songwriting sessions and recording studios to live events and artist experiences — Hydro Flask will support the artists, songwriters, producers and fans shaping culture by creating access to reusable hydration solutions that minimize impact on the natural environments that inspire creativity. By embedding in the spaces where creativity happens, the brand becomes part of the daily rhythm of music culture while providing a choice for reusable products.The announcement builds on a series of early integrations already woven into some of UMG's biggest cultural moments this year. This expanded collaboration officially launched on June 1 with a special event inside Abbey Road's iconic Studio Two in London. The evening spotlighted Hydro Flask's artist collaboration with singer and songwriter Sekou, while also introducing additional rising UMG talent.Sustainable Hydration Enters Studios
To reduce reliance on single-use plastics, Hydro Flask will partner across UMG's global studio network including Abbey Road Studios, Chelsea Studios Los Angeles, Chelsea Studios New York City, East Iris, and Capitol Studios, installing hydration stations and reusable solutions to promote habit change. At Abbey Road Studios, where Hydro Flask will present as the official Sustainable Drinkware Partner through 2027, this effort will serve as a flagship model for sustainable hydration, with learnings that can scale across UMG's studio and office footprint worldwide. This initiative will complement Abbey Road's existing sustainability strategy, which includes energy-efficiency measures, renewable energy purchase, supplier sustainability requirements, and the removal of single-use bottles from its restaurant and studio control rooms.In its first year, the UMG program aims to eliminate over 10,000 single-use drinks and distribute more than 2,000 reusable bottles across all studios, with the potential to cut studio beverage container waste by up to 80%. These initiatives point to a larger opportunity across studios, where a typical space may average use of up to 500 plastic water bottles per month.As an extension of this studio integration, Hydro Flask will also serve as the title sponsor of writing camps organized by Universal Music Publishing's Global Creative Group (UMPG). A team of A&R executives across key territories identifies and expands these global creative opportunities to UMPG's roster. These international camps bring together artists, producers, and songwriters to develop new material, placing Hydro Flask alongside the collaborative process itself and reinforcing its role in supporting music spaces.Music-Fueled Fan Products
To welcome music fans into the experience, Hydro Flask and UMG will release a range of exclusive products. For a limited time, fans will be able to purchase a collection of studio-inspired designs through HydroFlask.com; artist-inspired, limited edition products beginning with Gigi Perez and Sekour; and additional artist drops powered by Bravado and Famehouse, UMG's licensing and brand management divisions. Surprise artist-driven drops will continue throughout the year, alongside MyHydro Takeovers, allowing fans to create personalized products inspired by participating artists. Additionally, a range of custom product offerings will also be available at the Abbey Road Shop and online in both the United States and the United Kingdom."This partnership reflects a shared commitment to reducing environmental impact within the everyday creative lives of artists and teams," said Naomi McMahon, Executive Vice President of Global Marketing & Partnerships, Universal Music Group For Brands. "By bringing reusable products and refill solutions directly into our studios, Hydro Flask is helping reduce waste in a real and practical way. When environmental responsibility is built into the spaces where music is made, artists can stay focused on creating while knowing their choices are helping protect the planet."Hydro Flask's President Larry Witt adds, "Our partnership with Universal Music Group brings our mission to life in a space where culture is created and shared with the world. By making reusable bottles and refill solutions part of the music ecosystem, we're fueling the creative process, empowering artists to create with intention while reducing single-use waste.""Artists are at the heart of everything we do at UMG, and the studio environments we create for them should reflect our values," said Dylan Siegler, SVP, Head of Sustainability at Universal Music Group. "This partnership helps embed our commitment to positive impact into the creative process."About Universal Music Group
Universal Music Group exists to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.About Hydro Flask
Hydro Flask, a Helen of Troy Limited (Nasdaq: HELE) company, was founded in 2009 with the goal of delivering high-performance insulated products to help people enjoy the things they like to do in the places they like to be. Hydro Flask is a leader in award-winning double-wall insulated bottles, tumblers, mugs and leakproof caps and lids. Its lightweight, insulated soft coolers combine affordable durability with best-in-class insulation technology. Guided by its rally cry, Cut Loose Single Use, Hydro Flask is dedicated to eliminating single-use plastics. To learn more about Hydro Flask and to see the company's full lineup of award-winning products, visit hydroflask.com.About Helen of Troy Limited
Helen of Troy Limited (NASDAQ: HELE) is a leading global consumer products company offering creative products and solutions for its customers through a diversified portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon and Olive & June. All trademarks herein belong to Helen of Troy Limited (or its subsidiaries) and/or are used under license from their respective licensors.Hydro Flask Media Contact
TURNER
hydroflask@turnerpr.com View original content to download multimedia:https://www.prnewswire.com/news-releases/hydro-flask-and-universal-music-group-partner-to-promote-reusable-drinkware-in-music-spaces-302787755.htmlSOURCE Hydro Flask Original: Hydro Flask® and Universal Music Group Partner to Promote Reusable Drinkware in Music Spaces

Helen of Troy shares surge after Q4 earnings beatApril 23, 2026 8:36 AM
IH Market News
Helen of Troy Limited (NASDAQ:HELE) reported fourth-quarter results on Thursday that came in ahead of analyst expectations, sending its shares sharply higher in premarket trading.The stock jumped 6.53% before the open following the release.



Earnings top estimates despite revenue decline



The company posted adjusted earnings per share of $0.83, beating the consensus forecast of $0.75.Revenue totaled $470.0 million, down 3.3% year-on-year from $485.9 million, but still above analyst expectations of $450.8 million.“We closed fiscal 2026 with net sales, adjusted EPS, and cash flow at the better end of our expectations, reflecting our initial steps to stabilize brand performance and improve our financial position during a dynamic year,” said G. Scott Uzzell.



Outlook for fiscal 2027



Looking ahead, Helen of Troy guided for adjusted EPS of $3.25 to $3.75 for fiscal 2027, with a midpoint of $3.50 broadly in line with the analyst consensus of $3.27.The company expects revenue between $1.751 billion and $1.822 billion, with a midpoint of $1.787 billion slightly above forecasts of $1.773 billion.



Profit impacted by impairment charges



On a GAAP basis, the company reported a diluted loss per share of -$2.41, compared with earnings of $2.22 in the same quarter last year, largely due to $79.2 million in non-cash asset impairment charges.Gross margin declined by 400 basis points to 44.6%, affected by higher tariffs, unfavorable inventory obsolescence, and increased promotional and retail trade spending.



Cash flow and asset sale



Helen of Troy generated $111.3 million in operating cash flow and $103.1 million in free cash flow during the quarter.The company also completed the sale of its distribution center in Southaven, Mississippi, in April 2026 for $82.0 million, booking a gain of $54.9 million in the first quarter of fiscal 2027.Helen of Troy stock price

Original: Helen of Troy shares surge after Q4 earnings beat

Helen of Troy Reports Fourth Quarter Fiscal 2026 ResultsApril 23, 2026 6:45 AM
Business Wire
Consolidated Net Sales Decline of 3.3%

GAAP Diluted Loss Per Share of $2.41

Adjusted Diluted EPS(1) of $0.83

Cash Flow from Operations of $111.3 Million; Free Cash Flow(1)(2) of $103.1 Million


 


Initiates Fiscal 2027 Outlook:

Consolidated Net Sales of $1.751-$1.822 Billion

GAAP Diluted EPS of $3.57-$4.18; Adjusted Diluted EPS(1) of $3.25-$3.75

Adjusted EBITDA(1) of $190-$197 Million; Free Cash Flow(1)(2) of $85-$100 Million


Helen of Troy Limited (NASDAQ: HELE) reported results for the three-month period ended February 28, 2026 and provided its outlook for fiscal 2027.


Executive Summary – Fourth Quarter of Fiscal 2026 Compared to Fiscal 2025



Consolidated net sales revenue of $470.0 million compared to $485.9 million



Gross profit margin of 44.6% compared to 48.6%



Operating margin of (10.8)% compared to 0.4%, which includes the margin impact of non-cash asset impairment charges(3) of (16.8%) and (10.6%), respectively



Non-GAAP adjusted operating margin of 8.3% compared to 15.4%



GAAP diluted loss per share of $2.41 compared to diluted earnings per share of $2.22



Non-GAAP adjusted diluted EPS of $0.83 compared to $2.33



Net cash provided by operating activities of $111.3 million compared to $35.0 million



Non-GAAP adjusted EBITDA margin of 10.3% compared to 17.4%



Executive Summary - Fiscal 2026 Compared to Fiscal 2025



Consolidated net sales revenue of $1.786 billion compared to $1.908 billion



Gross profit margin of 45.7% compared to 47.9%



Operating margin of (43.8)% compared to 7.5%, which includes the margin impact of non-cash asset impairment charges of (49.6%) and (2.7%), respectively



Non-GAAP adjusted operating margin of 8.3% compared to 13.2%



GAAP diluted loss per share of $39.08 compared to diluted earnings per share of $5.37



Non-GAAP adjusted diluted EPS of $3.55 compared to $7.17



Net cash provided by operating activities of $171.1 million compared to $113.2 million



Non-GAAP adjusted EBITDA margin of 10.4% compared to 15.2%



Mr. G. Scott Uzzell, Chief Executive Officer, stated: “We closed fiscal 2026 with net sales, adjusted EPS, and cash flow at the better end of our expectations, reflecting our initial steps to stabilize brand performance and improve our financial position during a dynamic year. We are focused on restoring brand momentum by investing in our product innovation, people, and digital capabilities, while emphasizing working capital efficiency and balance sheet productivity. We believe fiscal 2027 marks a pivotal shift as we transition to a growth-first mindset, positioning us for long-term shareholder value creation.”




 






Three Months Ended Last Day of February,








(in thousands) (unaudited)






Home &

Outdoor






 






Beauty &

Wellness






 






Total








Fiscal 2025 sales revenue, net






$






219,819






 






 






$






266,072






 






 






$






485,891






 








Organic business (4)






 






(5,770






)






 






 






(23,692






)






 






 






(29,462






)








Impact of foreign currency






 






2,480






 






 






 






2,340






 






 






 






4,820






 








Acquisition (5)






 






—






 






 






 






8,776






 






 






 






8,776






 








Change in sales revenue, net






 






(3,290






)






 






 






(12,576






)






 






 






(15,866






)








Fiscal 2026 sales revenue, net






$






216,529






 






 






$






253,496






 






 






$






470,025






 








 






 






 






 






 






 








Total net sales revenue growth (decline)






 






(1.5






)%






 






 






(4.7






)%






 






 






(3.3






)%








Organic business






 






(2.6






)%






 






 






(8.9






)%






 






 






(6.1






)%








Impact of foreign currency






 






1.1






%






 






 






0.9






%






 






 






1.0






%








Acquisition






 






—






%






 






 






3.3






%






 






 






1.8






%








 






 






 






 






 






 








Operating margin (GAAP)






 






 






 






 






 








Fiscal 2026






 






7.7






%






 






 






(26.7






)%






 






 






(10.8






)%








Fiscal 2025






 






14.7






%






 






 






(11.4






)%






 






 






0.4






%








Adjusted operating margin (non-GAAP) (1)






 






 






 






 






 








Fiscal 2026






 






10.4






%






 






 






6.6






%






 






 






8.3






%








Fiscal 2025






 






17.9






%






 






 






13.4






%






 






 






15.4






%







Consolidated Results - Fourth Quarter Fiscal 2026 Compared to Fourth Quarter Fiscal 2025



Consolidated net sales revenue decreased $15.9 million, or 3.3%, to $470.0 million, primarily due to a decline in Beauty & Wellness driven by lower sales of fans, prestige hair care products, humidifiers and air purifiers and a decline in Home & Outdoor driven by a decrease in the insulated beverageware and home categories. These factors were partially offset by strong demand for technical, travel and lifestyle packs, an increase in thermometer sales, and Olive & June organic growth.




Consolidated gross profit margin decreased 400 basis points to 44.6% primarily due to the impact of higher tariffs, less favorable inventory obsolescence year-over-year, higher retail trade and promotional expense and a less favorable channel mix within Home & Outdoor. These factors were partially offset by the favorable impact of the acquisition of Olive & June and lower commodity and product costs.




Consolidated selling, general and administrative expense (“SG&A”) ratio increased 270 basis points to 38.6% primarily due to an increase in annual incentive compensation expense year-over-year, EPA compliance costs(6) of $4.4 million, the impact of the Olive & June acquisition, and unfavorable operating leverage.




The Company recognized non-cash asset impairment charges of $79.2 million ($63.8 million after tax) primarily due to the sustained decline in the Company’s stock price, compared to non-cash asset impairment charges of $51.5 million ($47.6 million after tax) during the same period last year.




Consolidated operating loss was $51.0 million, or (10.8)% of net sales revenue, compared to consolidated operating income of $2.0 million, or 0.4% of net sales revenue. The decrease in consolidated operating margin was primarily due to higher non-cash asset impairment charges of $79.2 million compared to $51.5 million in the same period last year, an increase in the aforementioned SG&A ratio and a decrease in gross profit margin.




Interest expense was $13.9 million, compared to $14.0 million. The decrease in interest expense was primarily due to a lower average effective interest rate inclusive of the impact of the Company’s interest rate swaps, partially offset by higher average borrowings outstanding to fund the acquisition of Olive & June and the cost of tariffs in working capital and capital expenditures.




Income tax benefit was $9.0 million on a pre-tax loss of $64.6 million, compared to an income tax benefit of $62.5 million on a pre-tax loss of $11.6 million for the same period last year. The decrease in tax benefit relative to pre-tax loss is primarily due to the unfavorable comparative impacts of a transitional tax benefit of $64.6 million resulting from the Company’s intangible asset reorganization(7) and a tax benefit related to resolution of an uncertain tax position both recognized during the fourth quarter of fiscal 2025.




Net loss was $55.6 million, compared to net income of $50.9 million. Diluted loss per share was $2.41, compared to diluted earnings per share of $2.22. The decrease was primarily due to a lower income tax benefit, an increase in after-tax asset impairment charges, and lower operating income exclusive of the asset impairment charges.




Non-GAAP adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) decreased 42.5% to $48.5 million, compared to $84.3 million. Non-GAAP adjusted EBITDA margin was 10.3%, compared to 17.4%.



On an adjusted basis (non-GAAP) for the fourth quarters of fiscal 2026 and 2025, excluding acquisition-related expenses, asset impairment charges(3), EPA compliance costs(6), intangible asset reorganization(7), restructuring charges, amortization of intangible assets and non-cash share-based compensation, as applicable:



Adjusted operating income decreased $35.8 million, or 47.7%, to $39.2 million, or 8.3% of net sales revenue, compared to $75.0 million, or 15.4% of net sales revenue. The 710 basis point decrease in adjusted operating margin was primarily driven by the impact of higher tariffs, less favorable inventory obsolescence year-over-year, an increase in annual incentive compensation expense, higher retail trade and promotional expense, a less favorable channel mix within Home & Outdoor and unfavorable operating leverage. These factors were partially offset by lower commodity and product costs, and the favorable impact of the acquisition of Olive & June.




Adjusted income decreased $34.1 million, or 63.9%, to $19.3 million, compared to $53.4 million. Adjusted diluted EPS decreased 64.4% to $0.83, compared to $2.33. The decrease in adjusted diluted EPS was primarily due to lower adjusted operating income.



Segment Results - Fourth Quarter Fiscal 2026 Compared to Fourth Quarter Fiscal 2025


Home & Outdoor net sales revenue decreased $3.3 million, or 1.5%, to $216.5 million. The decrease was primarily driven by:



continued competition, softer consumer demand, lower replenishment orders, and the unfavorable comparative impact of seasonal and holiday retail placement in the prior year period in the insulated beverageware category; and



a decrease in online channel sales in the home category primarily due to the unfavorable impact of retailer pull-forward activity in the fourth quarter of fiscal 2025 in response to tariff uncertainty and anticipated supply disruption.



These factors were partially offset by strong demand for technical, travel and lifestyle packs, incremental sales from new product launches in the insulated beverageware category, and higher closeout sales.


Home & Outdoor operating income was $16.7 million, or 7.7% of segment net sales revenue, compared to $32.3 million, or 14.7% of segment net sales revenue. Operating income in the fourth quarter of fiscal 2026 included $3.9 million of asset impairment charges. The remaining 520 basis point decrease in segment operating margin was primarily due to:



less favorable inventory obsolescence year-over-year;



an increase in annual incentive compensation expense year-over-year;



a less favorable channel mix;



higher retail trade and promotional expense;



the net unfavorable impact of higher tariffs on gross profit margin; and



unfavorable operating leverage.



These factors were partially offset by lower commodity and product costs and the favorable comparative impact of restructuring charges of $3.1 million in the prior year period. Adjusted operating income decreased 42.5% to $22.6 million, or 10.4% of segment net sales revenue, compared to $39.3 million, or 17.9% of segment net sales revenue.


Beauty & Wellness net sales revenue decreased $12.6 million, or 4.7%, to $253.5 million. The decrease was primarily driven by a decrease from Organic business of $23.7 million, or 8.9%, primarily due to:



a decline in Wellness as a result of stop shipment actions in support of consistent adoption of price increases by retail partners and lower replenishment orders from retail customers in response to softer demand trends;



a decline in Beauty primarily due to softer consumer demand, increased competition, and lower replenishment orders; and



the impact of a below average illness season on the humidification category.



These factors were partially offset by an increase in thermometry, mass beauty, and Organic growth from Olive & June.


Beauty & Wellness operating loss was $67.7 million, or (26.7)% of segment net sales revenue, compared to $30.3 million, or (11.4)% of segment net sales revenue. Operating loss in the fourth quarter of fiscal 2026 included $75.2 million of asset impairment charges, compared to $51.5 million in the same period last year. The remaining 490 basis point decrease in segment operating margin was primarily due to:



EPA compliance costs of $4.4 million;



less favorable inventory obsolescence year-over-year;



higher retail trade and promotional expense;



an increase in annual incentive compensation expense;



the net unfavorable impact of higher tariffs on gross profit margin; and



unfavorable operating leverage.



These factors were partially offset by:



the favorable comparative impact of restructuring charges of $4.8 million and acquisition-related expenses from the Olive & June transaction of $3.0 million both recognized in the prior year period;



the favorable margin impact of the acquisition of Olive & June;



a decrease in outbound freight costs; and



lower commodity and product costs.



Adjusted operating income decreased 53.4% to $16.7 million, or 6.6% of segment net sales revenue, compared to $35.8 million, or 13.4% of segment net sales revenue.


Balance Sheet and Cash Flow - Fiscal 2026 Compared to Fiscal 2025



Cash and cash equivalents totaled $18.9 million as of both fiscal 2026 and 2025 year-ends.



Accounts receivable turnover(8) was 72.1 days, compared to 71.5 days.



Inventory was $455.8 million, which includes approximately $34 million of higher tariff costs, compared to $452.6 million.



Total short- and long-term debt was $780.8 million, compared to $916.9 million.



Net cash provided by operating activities for fiscal 2026 was $171.1 million, compared to $113.2 million for the same period last year, with free cash flow(1)(2) of $131.9 million, compared to $83.1 million. Fiscal 2026 includes approximately $72 million of cash outflows related to higher tariff payments.



Subsequent Event - Sale of Distribution Facility


On April 14, 2026, the Company completed the sale of its distribution facility in Southaven, Mississippi for a total sales price of $82.0 million, less costs to sell of $3.8 million. Accordingly, the Company recognized a gain on the sale of $54.9 million within SG&A during the first quarter of fiscal 2027, which was recognized by its Beauty & Wellness segment. The Company used the proceeds from the sale to repay amounts outstanding under its credit facility.


Fiscal 2027 Annual Outlook



Consolidated Net Sales: $1.751 billion to $1.822 billion


Home & Outdoor Net Sales: $854 million to $882 million



Beauty & Wellness Net Sales: $897 million to $940 million






Diluted EPS (GAAP): $3.57 to $4.18



Adjusted Diluted EPS (Non-GAAP): $3.25 to $3.75



Net Income (GAAP): $83 million to $97 million



Adjusted EBITDA (Non-GAAP): $190 million to $197 million



Operating Cash Flow (GAAP): $117 million to $128 million



Free Cash Flow(1)(2): $85 million to $100 million



Key Annual Outlook Assumptions



Tariffs: Tariffs in place as of April 2026 remain in effect for the balance of fiscal 2027, not including the benefit from any potential tariff refunds.



Commodity Costs, Freight and Supply Availability: No significant fluctuation in commodity costs, freight or disruption in supply availability.



Illness Incidence: In line with the average of the three prior seasons, which is well below pre-Covid historical averages.



Interest and Debt Leverage: Interest expense in the range of $47 million to $49 million with cash flow prioritized for debt reduction, and an expected net leverage ratio(1)(9), as defined in its credit agreement, of approximately 3.2x or lower by the end of fiscal 2027.



Tax: GAAP effective tax rate of 28.1% to 30.5%; adjusted effective tax rate of 25.0% to 27.0%.



Working Capital Efficiency and Capital Investment: Continued working capital efficiency during fiscal 2027, with an emphasis on further inventory reduction. The Company expects capital expenditures of $28 million to $32 million with an emphasis on product innovation and supply chain diversification.



Currency: April 2026 foreign currency exchange rates remain constant for the remainder of the fiscal year.



Shares Outstanding: Weighted average diluted shares outstanding of 23.3 million.



The likelihood, timing and potential impact of a significant or prolonged recession, any fiscal 2027 acquisitions and divestitures, future asset impairment charges, additional interest rate changes, litigation or share repurchases are unknown and cannot be reasonably estimated; therefore, they are not included in the Company's outlook.


Key Outlook Drivers and Macro Environment Dynamics



Market and Consumption Environment: The Company’s outlook reflects management’s view of continued inflationary pressures, softness in discretionary categories, conservative retailer inventory management and an increasingly competitive and promotional landscape.



Supply Chain Risks and Tariff Mitigation: Heightened geopolitical and supply-chain risks, including the ongoing conflict with Iran, could drive volatility in energy and commodity markets, increasing uncertainty around input costs and supply chain continuity across key regions and transportation routes. The Company’s outlook does not assume a significant or prolonged impact from the conflict in Iran or other similar macro disruption on the supply chain as it cannot be reasonably estimated. The Company’s outlook assumes continued diversification of the global manufacturing footprint, reducing the cost of goods sold exposed to China tariffs to 15%-20% by the end of fiscal 2027 and limiting the net operating income impact to less than $10 million for the full fiscal year.



Strategic Investment: An increase in growth investments of 40 basis points, prioritizing high return marketing and innovation initiatives.



Conference Call and Webcast


The Company will conduct a teleconference in conjunction with today’s earnings release. The teleconference begins at 9:00 a.m. Eastern Time today, Thursday, April 23, 2026. Institutional investors and analysts interested in participating in the call are invited to dial (877) 407-3982 approximately ten minutes prior to the start of the call. The conference call will also be webcast live on the Events & Presentations page at: http://investor.helenoftroy.com/. A telephone replay of this call will be available at 1:00 p.m. Eastern Time on April 23, 2026, until 11:59 p.m. Eastern Time on May 7, 2026, and can be accessed by dialing (844) 512-2921 and entering replay pin number 13759611. A replay of the webcast will remain available on the website for one year.


Non-GAAP Financial Measures


The Company reports and discusses its operating results using financial measures consistent with accounting principles generally accepted in the United States of America (“GAAP”). To supplement its presentation, the Company discloses certain financial measures that may be considered non-GAAP such as Adjusted Operating Income, Adjusted Operating Margin, Adjusted Effective Tax Rate, Adjusted Income, Adjusted Diluted Earnings per Share (“EPS”), EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow and Net Leverage Ratio, which are presented in accompanying tables to this press release along with a reconciliation of these financial measures to their corresponding GAAP-based financial measures presented in the Company’s consolidated statements of income and cash flows. For additional information, see Note 1 to the accompanying tables to this press release.


About Helen of Troy Limited


Helen of Troy Limited (NASDAQ: HELE) is a leading global consumer products company offering creative products and solutions for its customers through a diversified portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon and Olive & June. All trademarks herein belong to Helen of Troy Limited (or its subsidiaries) and/or are used under license from their respective licensors.


For more information about Helen of Troy, please visit http://investor.helenoftroy.com


Forward-Looking Statements


Certain written and oral statements made by the Company and subsidiaries of the Company may constitute “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. This includes statements made in this press release, in other filings with the SEC, and in certain other oral and written presentations. Generally, the words “anticipates”, “assumes”, “believes”, “expects”, “plans”, “may”, “will”, “might”, “would”, “should”, “seeks”, “estimates”, “project”, “predict”, “potential”, “currently”, “continue”, “intends”, “outlook”, “forecasts”, “targets”, “reflects”, “could”, and other similar words identify forward-looking statements. All statements that address operating results, events or developments that the Company expects or anticipates may occur in the future, including statements related to sales, expenses, including cost reduction measures, EPS results, and statements expressing general expectations about future operating results, are forward-looking statements and are based upon its current expectations and various assumptions. The Company currently believes there is a reasonable basis for these expectations and assumptions, but there can be no assurance that the Company will realize these expectations or that these assumptions will prove correct. Forward-looking statements are only as of the date they are made and are subject to risks, many of which are beyond the Company’s control, that could cause them to differ materially from actual results. Accordingly, the Company cautions readers not to place undue reliance on forward-looking statements. The forward-looking statements contained in this press release should be read in conjunction with, and are subject to and qualified by, the risks described in the Company’s Form 10-K for the year ended February 28, 2026, and in the Company’s other filings with the SEC. Investors are urged to refer to the risk factors referred to above for a description of these risks. Such risks include, among others, the geographic concentration of certain United States (“U.S.”) distribution facilities which increases its risk to disruptions that could affect the Company’s ability to deliver products in a timely manner, the occurrence of cyber incidents or failure by the Company or its third-party service providers to maintain cybersecurity and the integrity of confidential internal or customer data, a cybersecurity breach, obsolescence or interruptions in the operation of the Company’s central global Enterprise Resource Planning systems and other peripheral information systems, risks associated with the use of licensed trademarks from or to third parties, the Company’s ability to develop and introduce a continuing stream of innovative new products to meet changing consumer preferences, actions taken by large customers that may adversely affect the Company’s gross profit and operating results, the Company’s dependence on sales to several large customers and the risks associated with any loss of, or substantial decline in, sales to top customers, the Company’s dependence on third-party manufacturers, most of which are located in Asia, and any inability to obtain products from such manufacturers or diversify production to other regions or source the same product in multiple regions or implement potential tariff mitigation plans, the Company’s ability to deliver products to its customers in a timely manner and according to their fulfillment standards, the risks associated with trade barriers, exchange controls, expropriations, and other risks associated with domestic and foreign operations including uncertainty and business interruptions resulting from political changes and events in the U.S. and abroad, and volatility in the global credit and financial markets and economy, the Company’s dependence on the strength of retail economies and vulnerabilities to any prolonged economic downturn, including a downturn from the effects of macroeconomic conditions, geopolitical conditions including global conflicts or wars such as the Israel-United States and Iran conflict, any public health crises or similar conditions, risks associated with weather conditions, the duration and severity of the cold and flu season and other related factors, the Company’s reliance on its Chief Executive Officer and a limited number of other key senior officers to operate its business, the Company’s ability to execute and realize expected synergies from strategic business initiatives such as acquisitions, including Olive & June, divestitures and global restructuring plans, including Project Pegasus, the risks of significant tariffs or other restrictions continuing to be placed on imports from China, Vietnam or Mexico and any retaliatory measures taken by these countries, the risks of potential changes in laws and regulations, including environmental, employment and health and safety and tax laws, and the costs and complexities of compliance with such laws, the risks associated with increased focus and expectations on climate change and other sustainability matters, the risks associated with significant changes in or the Company’s compliance with regulations, interpretations or product certification requirements, the risks associated with global legal developments regarding privacy and data security that could result in changes to its business practices, penalties, increased cost of operations, or otherwise harm the business, the risks associated with product recalls, product liability and other claims against the Company, the Company’s dependence on whether it is classified as a “controlled foreign corporation” for U.S. federal income tax purposes which impacts the tax treatment of its non-U.S. income, the risks associated with regulatory changes in Bermuda, including economic substance and tax governance requirements, the risks associated with accounting for tax positions and the resolution of tax disputes, and associated financial risks including but not limited to, the risks to the Company’s business, liquidity or cost of capital which may be materially adversely affected by constraints or changes in the capital and credit markets, interest rates and limitations under and compliance with its credit facility, including debt covenants, significant additional impairment of the Company’s goodwill, indefinite-lived and definite-lived intangible assets and other long-lived assets, projections of product demand, sales and net income, which are highly subjective in nature, and from which future sales and net income could vary by a material amount, increased costs of raw materials, energy and transportation, and risks associated with foreign currency exchange rate fluctuations. The Company undertakes no obligation to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.




 



HELEN OF TROY LIMITED AND SUBSIDIARIES








Consolidated Statements of (Loss) Income (5)








(Unaudited) (in thousands, except per share data)








 



 






Three Months Ended Last Day of February,








 






2026






 






2025








Sales revenue, net






$






470,025






 






 






100.0






%






 






$






485,891






 






 






100.0






%








Cost of goods sold






 






260,367






 






 






55.4






%






 






 






249,962






 






 






51.4






%








Gross profit






 






209,658






 






 






44.6






%






 






 






235,929






 






 






48.6






%








Selling, general and administrative expense (“SG&A”)






 






181,438






 






 






38.6






%






 






 






174,516






 






 






35.9






%








Asset impairment charges






 






79,176






 






 






16.8






%






 






 






51,455






 






 






10.6






%








Restructuring charges






 






—






 






 






—






%






 






 






7,943






 






 






1.6






%








Operating (loss) income






 






(50,956






)






 






(10.8






)%






 






 






2,015






 






 






0.4






%








Non-operating income, net






 






214






 






 






—






%






 






 






370






 






 






0.1






%








Interest expense






 






13,855






 






 






2.9






%






 






 






13,999






 






 






2.9






%








Loss before income tax






 






(64,597






)






 






(13.7






)%






 






 






(11,614






)






 






(2.4






)%








Income tax benefit






 






(9,032






)






 






(1.9






)%






 






 






(62,531






)






 






(12.9






)%








Net (loss) income






$






(55,565






)






 






(11.8






)%






 






$






50,917






 






 






10.5






%








 






 






 






 






 






 






 






 








Diluted (loss) earnings per share






$






(2.41






)






 






 






 






$






2.22






 






 






 








 






 






 






 






 






 






 






 








Weighted average shares of common stock used in computing diluted (loss) earnings per share






 






23,069






 






 






 






 






 






22,904






 






 






 









 






Fiscal Years Ended Last Day of February,








 






2026






 






2025








Sales revenue, net






$






1,786,290






 






 






100.0






%






 






$






1,907,665






 






 






100.0






%








Cost of goods sold






 






970,596






 






 






54.3






%






 






 






993,259






 






 






52.1






%








Gross profit






 






815,694






 






 






45.7






%






 






 






914,406






 






 






47.9






%








SG&A






 






708,909






 






 






39.7






%






 






 






705,381






 






 






37.0






%








Asset impairment charges






 






885,861






 






 






49.6






%






 






 






51,455






 






 






2.7






%








Restructuring charges






 






3,005






 






 






0.2






%






 






 






14,822






 






 






0.8






%








Operating (loss) income






 






(782,081






)






 






(43.8






)%






 






 






142,748






 






 






7.5






%








Non-operating income, net






 






982






 






 






0.1






%






 






 






838






 






 






—






%








Interest expense






 






57,739






 






 






3.2






%






 






 






51,922






 






 






2.7






%








(Loss) income before income tax






 






(838,838






)






 






(47.0






)%






 






 






91,664






 






 






4.8






%








Income tax expense (benefit)






 






60,144






 






 






3.4






%






 






 






(32,087






)






 






(1.7






)%








Net (loss) income






$






(898,982






)






 






(50.3






)%






 






$






123,751






 






 






6.5






%








 






 






 






 






 






 






 






 








Diluted (loss) earnings per share






$






(39.08






)






 






 






 






$






5.37






 






 






 








 






 






 






 






 






 






 






 








Weighted average shares of common stock used in computing diluted (loss) earnings per share






 






23,002






 






 






 






 






 






23,065






 






 






 









 



Consolidated Net Sales Revenue by Geographic Region (10)








(Unaudited) (in thousands)








 



 






Three Months Ended Last Day of February,








 






2026






 






2025








Domestic sales revenue, net






$






350,326






 






74.5






%






 






$






372,282






 






76.6






%








International sales revenue, net






 






119,699






 






25.5






%






 






 






113,609






 






23.4






%








Total sales revenue, net






$






470,025






 






100.0






%






 






$






485,891






 






100.0






%









 






Fiscal Years Ended Last Day of February,








 






2026






 






2025








Domestic sales revenue, net






$






1,352,049






 






75.7






%






 






$






1,439,251






 






75.4






%








International sales revenue, net






 






434,241






 






24.3






%






 






 






468,414






 






24.6






%








Total sales revenue, net






$






1,786,290






 






100.0






%






 






$






1,907,665






 






100.0






%









 



Reconciliation of Non-GAAP Financial Measures – GAAP Operating Income (Loss) and Operating Margin to Adjusted Operating Income and Adjusted Operating Margin (Non-GAAP) (1)








(Unaudited) (in thousands)








 



 






Three Months Ended February 28, 2026








 






Home &

Outdoor






 






Beauty &

Wellness (5)






 






Total








Operating income (loss), as reported (GAAP)






$






16,699






 






7.7






%






 






$






(67,655






)






 






(26.7






)%






 






$






(50,956






)






 






(10.8






)%








Asset impairment charges (3)






 






3,933






 






1.8






%






 






 






75,243






 






 






29.7






%






 






 






79,176






 






 






16.8






%








EPA compliance costs (6)






 






—






 






—






%






 






 






4,354






 






 






1.7






%






 






 






4,354






 






 






0.9






%








Subtotal






 






20,632






 






9.5






%






 






 






11,942






 






 






4.7






%






 






 






32,574






 






 






6.9






%








Amortization of intangible assets






 






1,445






 






0.7






%






 






 






3,032






 






 






1.2






%






 






 






4,477






 






 






1.0






%








Non-cash share-based compensation






 






486






 






0.2






%






 






 






1,701






 






 






0.7






%






 






 






2,187






 






 






0.5






%








Adjusted operating income (non-GAAP)






$






22,563






 






10.4






%






 






$






16,675






 






 






6.6






%






 






$






39,238






 






 






8.3






%









 






Three Months Ended February 28, 2025








 






Home &

Outdoor






 






Beauty &

Wellness (5)






 






Total








Operating income (loss), as reported (GAAP)






$






32,286






 






14.7






%






 






$






(30,271






)






 






(11.4






)%






 






$






2,015






 






0.4






%








Acquisition-related expenses






 






—






 






—






%






 






 






3,035






 






 






1.1






%






 






 






3,035






 






0.6






%








Asset impairment charges






 






—






 






—






%






 






 






51,455






 






 






19.3






%






 






 






51,455






 






10.6






%








Restructuring charges






 






3,127






 






1.4






%






 






 






4,816






 






 






1.8






%






 






 






7,943






 






1.6






%








Subtotal






 






35,413






 






16.1






%






 






 






29,035






 






 






10.9






%






 






 






64,448






 






13.3






%








Amortization of intangible assets






 






1,761






 






0.8






%






 






 






3,508






 






 






1.3






%






 






 






5,269






 






1.1






%








Non-cash share-based compensation






 






2,099






 






1.0






%






 






 






3,227






 






 






1.2






%






 






 






5,326






 






1.1






%








Adjusted operating income (non-GAAP)






$






39,273






 






17.9






%






 






$






35,770






 






 






13.4






%






 






$






75,043






 






15.4






%









 






Fiscal Year Ended February 28, 2026








 






Home &




Outdoor






 






Beauty &




Wellness (5)






 






Total








Operating loss, as reported (GAAP)






$






(269,744






)






 






(32.4






)%






 






$






(512,337






)






 






(53.7






)%






 






$






(782,081






)






 






(43.8






)%








Asset impairment charges






 






332,565






 






 






39.9






%






 






 






553,296






 






 






58.0






%






 






 






885,861






 






 






49.6






%








CEO succession costs (11)






 






1,742






 






 






0.2






%






 






 






1,742






 






 






0.2






%






 






 






3,484






 






 






0.2






%








EPA compliance costs






 






—






 






 






—






%






 






 






4,354






 






 






0.5






%






 






 






4,354






 






 






0.2






%








Restructuring charges






 






1,501






 






 






0.2






%






 






 






1,504






 






 






0.2






%






 






 






3,005






 






 






0.2






%








Subtotal






 






66,064






 






 






7.9






%






 






 






48,559






 






 






5.1






%






 






 






114,623






 






 






6.4






%








Amortization of intangible assets






 






5,977






 






 






0.7






%






 






 






11,082






 






 






1.2






%






 






 






17,059






 






 






1.0






%








Non-cash share-based compensation






 






6,781






 






 






0.8






%






 






 






10,104






 






 






1.1






%






 






 






16,885






 






 






0.9






%








Adjusted operating income (non-GAAP)






$






78,822






 






 






9.5






%






 






$






69,745






 






 






7.3






%






 






$






148,567






 






 






8.3






%









 






Fiscal Year Ended February 28, 2025








 






Home &




Outdoor






 






Beauty &




Wellness (5)






 






Total








Operating income, as reported (GAAP)






$






119,601






 






13.2






%






 






$






23,147






 






2.3






%






 






$






142,748






 






7.5






%








Acquisition-related expenses






 






—






 






—






%






 






 






3,035






 






0.3






%






 






 






3,035






 






0.2






%








Asset impairment charges






 






—






 






—






%






 






 






51,455






 






5.1






%






 






 






51,455






 






2.7






%








Restructuring charges






 






4,855






 






0.5






%






 






 






9,967






 






1.0






%






 






 






14,822






 






0.8






%








Subtotal






 






124,456






 






13.7






%






 






 






87,604






 






8.7






%






 






 






212,060






 






11.1






%








Amortization of intangible assets






 






7,064






 






0.8






%






 






 






11,811






 






1.2






%






 






 






18,875






 






1.0






%








Non-cash share-based compensation






 






10,402






 






1.1






%






 






 






10,974






 






1.1






%






 






 






21,376






 






1.1






%








Adjusted operating income (non-GAAP)






$






141,922






 






15.7






%






 






$






110,389






 






11.0






%






 






$






252,311






 






13.2






%









 



Reconciliation of Non-GAAP Financial Measures – GAAP Operating Income (Loss) to EBITDA








(Earnings (Loss) Before Interest, Taxes, Depreciation and Amortization), Adjusted EBITDA and Adjusted EBITDA Margin (Non-GAAP) (1)








(Unaudited) (in thousands)








 



 






Three Months Ended February 28, 2026








 






Home &

Outdoor






 






Beauty &

Wellness (5)






 






Total








Operating income (loss), as reported (GAAP)






$






16,699






 






7.7






%






 






$






(67,655






)






 






(26.7






)%






 






$






(50,956






)






 






(10.8






)%








Depreciation and amortization






 






5,923






 






2.7






%






 






 






7,591






 






 






3.0






%






 






 






13,514






 






 






2.9






%








Non-operating income, net






 






—






 






—






%






 






 






214






 






 






0.1






%






 






 






214






 






 






—






%








EBITDA (non-GAAP)






 






22,622






 






10.4






%






 






 






(59,850






)






 






(23.6






)%






 






 






(37,228






)






 






(7.9






)%








Add: Asset impairment charges






 






3,933






 






1.8






%






 






 






75,243






 






 






29.7






%






 






 






79,176






 






 






16.8






%








EPA compliance costs






 






—






 






—






%






 






 






4,354






 






 






1.7






%






 






 






4,354






 






 






0.9






%








Non-cash share-based compensation






 






486






 






0.2






%






 






 






1,701






 






 






0.7






%






 






 






2,187






 






 






0.5






%








Adjusted EBITDA (non-GAAP)






$






27,041






 






12.5






%






 






$






21,448






 






 






8.5






%






 






$






48,489






 






 






10.3






%









 






Three Months Ended February 28, 2025








 






Home &

Outdoor






 






Beauty &

Wellness (5)






 






Total








Operating income (loss), as reported (GAAP)






$






32,286






 






14.7






%






 






$






(30,271






)






 






(11.4






)%






 






$






2,015






 






0.4






%








Depreciation and amortization






 






6,515






 






3.0






%






 






 






7,683






 






 






2.9






%






 






 






14,198






 






2.9






%








Non-operating income, net






 






—






 






—






%






 






 






370






 






 






0.1






%






 






 






370






 






0.1






%








EBITDA (non-GAAP)






 






38,801






 






17.7






%






 






 






(22,218






)






 






(8.4






)%






 






 






16,583






 






3.4






%








Add: Acquisition-related expenses






 






—






 






—






%






 






 






3,035






 






 






1.1






%






 






 






3,035






 






0.6






%








Asset impairment charges






 






—






 






—






%






 






 






51,455






 






 






19.3






%






 






 






51,455






 






10.6






%








Restructuring charges






 






3,127






 






1.4






%






 






 






4,816






 






 






1.8






%






 






 






7,943






 






1.6






%








Non-cash share-based compensation






 






2,099






 






1.0






%






 






 






3,227






 






 






1.2






%






 






 






5,326






 






1.1






%








Adjusted EBITDA (non-GAAP)






$






44,027






 






20.0






%






 






$






40,315






 






 






15.2






%






 






$






84,342






 






17.4






%









 






Fiscal Year Ended February 28, 2026








 






Home &

Outdoor






 






Beauty &

Wellness (5)






 






Total








Operating loss, as reported (GAAP)






$






(269,744






)






 






(32.4






)%






 






$






(512,337






)






 






(53.7






)%






 






$






(782,081






)






 






(43.8






)%








Depreciation and amortization






 






24,597






 






 






3.0






%






 






 






28,698






 






 






3.0






%






 






 






53,295






 






 






3.0






%








Non-operating income, net






 






—






 






 






—






%






 






 






982






 






 






0.1






%






 






 






982






 






 






0.1






%








EBITDA (non-GAAP)






 






(245,147






)






 






(29.4






)%






 






 






(482,657






)






 






(50.6






)%






 






 






(727,804






)






 






(40.7






)%








Add: Asset impairment charges






 






332,565






 






 






39.9






%






 






 






553,296






 






 






58.0






%






 






 






885,861






 






 






49.6






%








CEO succession costs






 






1,742






 






 






0.2






%






 






 






1,742






 






 






0.2






%






 






 






3,484






 






 






0.2






%








EPA compliance costs






 






—






 






 






—






%






 






 






4,354






 






 






0.5






%






 






 






4,354






 






 






0.2






%








Restructuring charges






 






1,501






 






 






0.2






%






 






 






1,504






 






 






0.2






%






 






 






3,005






 






 






0.2






%








Non-cash share-based compensation






 






6,781






 






 






0.8






%






 






 






10,104






 






 






1.1






%






 






 






16,885






 






 






0.9






%








Adjusted EBITDA (non-GAAP)






$






97,442






 






 






11.7






%






 






$






88,343






 






 






9.3






%






 






$






185,785






 






 






10.4






%









 



Reconciliation of Non-GAAP Financial Measures – GAAP Operating Income (Loss) to EBITDA








(Earnings (Loss) Before Interest, Taxes, Depreciation and Amortization), Adjusted EBITDA and Adjusted EBITDA Margin (Non-GAAP) (1)








(Unaudited) (in thousands)








 



 






Fiscal Year Ended February 28, 2025








 






Home &

Outdoor






 






Beauty &

Wellness (5)






 






Total








Operating income, as reported (GAAP)






$






119,601






 






13.2






%






 






$






23,147






 






2.3






%






 






$






142,748






 






7.5






%








Depreciation and amortization






 






26,088






 






2.9






%






 






 






28,960






 






2.9






%






 






 






55,048






 






2.9






%








Non-operating income, net






 






—






 






—






%






 






 






838






 






0.1






%






 






 






838






 






—






%








EBITDA (non-GAAP)






 






145,689






 






16.1






%






 






 






52,945






 






5.3






%






 






 






198,634






 






10.4






%








Add: Acquisition-related expenses






 






—






 






—






%






 






 






3,035






 






0.3






%






 






 






3,035






 






0.2






%








Asset impairment charges






 






—






 






—






%






 






 






51,455






 






5.1






%






 






 






51,455






 






2.7






%








Restructuring charges






 






4,855






 






0.5






%






 






 






9,967






 






1.0






%






 






 






14,822






 






0.8






%








Non-cash share-based compensation






 






10,402






 






1.1






%






 






 






10,974






 






1.1






%






 






 






21,376






 






1.1






%








Adjusted EBITDA (non-GAAP)






$






160,946






 






17.8






%






 






$






128,376






 






12.8






%






 






$






289,322






 






15.2






%









 



Reconciliation of Non-GAAP Financial Measures – GAAP Net (Loss) Income to EBITDA








(Earnings (Loss) Before Interest, Taxes, Depreciation and Amortization), Adjusted EBITDA and Adjusted EBITDA Margin (Non-GAAP) (1)








(Unaudited) (in thousands)








 



 






Three Months Ended Last Day of February,








 






2026






 






2025








Net (loss) income, as reported (GAAP)






$






(55,565






)






 






(11.8






)%






 






$






50,917






 






 






10.5






%








Interest expense






 






13,855






 






 






2.9






%






 






 






13,999






 






 






2.9






%








Income tax benefit






 






(9,032






)






 






(1.9






)%






 






 






(62,531






)






 






(12.9






)%








Depreciation and amortization






 






13,514






 






 






2.9






%






 






 






14,198






 






 






2.9






%








EBITDA (non-GAAP)






 






(37,228






)






 






(7.9






)%






 






 






16,583






 






 






3.4






%








Add: Acquisition-related expenses






 






—






 






 






—






%






 






 






3,035






 






 






0.6






%








Asset impairment charges






 






79,176






 






 






16.8






%






 






 






51,455






 






 






10.6






%








EPA compliance costs






 






4,354






 






 






0.9






%






 






 






—






 






 






—






%








Restructuring charges






 






—






 






 






—






%






 






 






7,943






 






 






1.6






%








Non-cash share-based compensation






 






2,187






 






 






0.5






%






 






 






5,326






 






 






1.1






%








Adjusted EBITDA (non-GAAP)






$






48,489






 






 






10.3






%






 






$






84,342






 






 






17.4






%









 






Fiscal Years Ended Last Day of February,








 






2026






 






2025








Net (loss) income, as reported (GAAP)






$






(898,982






)






 






(50.3






)%






 






$






123,751






 






 






6.5






%








Interest expense






 






57,739






 






 






3.2






%






 






 






51,922






 






 






2.7






%








Income tax expense (benefit)






 






60,144






 






 






3.4






%






 






 






(32,087






)






 






(1.7






)%








Depreciation and amortization






 






53,295






 






 






3.0






%






 






 






55,048






 






 






2.9






%








EBITDA (non-GAAP)






 






(727,804






)






 






(40.7






)%






 






 






198,634






 






 






10.4






%








Add: Acquisition-related expenses






 






—






 






 






—






%






 






 






3,035






 






 






0.2






%








Asset impairment charges






 






885,861






 






 






49.6






%






 






 






51,455






 






 






2.7






%








CEO succession costs






 






3,484






 






 






0.2






%






 






 






—






 






 






—






%








EPA compliance costs






 






4,354






 






 






0.2






%






 






 






—






 






 






—






%








Restructuring charges






 






3,005






 






 






0.2






%






 






 






14,822






 






 






0.8






%








Non-cash share-based compensation






 






16,885






 






 






0.9






%






 






 






21,376






 






 






1.1






%








Adjusted EBITDA (non-GAAP)






$






185,785






 






 






10.4






%






 






$






289,322






 






 






15.2






%









 



Reconciliation of Non-GAAP Financial Measures – GAAP (Loss) Income and Diluted (Loss) Earnings Per Share to Adjusted Income and Adjusted Diluted Earnings Per Share (Non-GAAP) (1)








(Unaudited) (in thousands, except per share data)








 



 






Three Months Ended February 28, 2026








 






(Loss) Income






 






Diluted (Loss) Earnings Per Share








 






Before Tax






 






Tax






 






Net of Tax






 






Before Tax






 






Tax






 






Net of Tax








As reported (GAAP)






$






(64,597






)






 






$






(9,032






)






 






$






(55,565






)






 






$






(2.80






)






 






$






(0.39






)






 






$






(2.41






)








Asset impairment charges






 






79,176






 






 






 






15,370






 






 






 






63,806






 






 






 






3.41






 






 






 






0.66






 






 






 






2.75






 








EPA compliance costs






 






4,354






 






 






 






(1,114






)






 






 






5,468






 






 






 






0.19






 






 






 






(0.05






)






 






 






0.24






 








Subtotal






 






18,933






 






 






 






5,224






 






 






 






13,709






 






 






 






0.81






 






 






 






0.22






 






 






 






0.59






 








Amortization of intangible assets






 






4,477






 






 






 






744






 






 






 






3,733






 






 






 






0.19






 






 






 






0.03






 






 






 






0.16






 








Non-cash share-based compensation






 






2,187






 






 






 






321






 






 






 






1,866






 






 






 






0.09






 






 






 






0.01






 






 






 






0.08






 








Adjusted (non-GAAP)






$






25,597






 






 






$






6,289






 






 






$






19,308






 






 






$






1.10






 






 






$






0.27






 






 






$






0.83






 








 






 






 






 






 






 






 






 






 






 






 






 








Weighted average shares of common stock used in computing:






 






 








Diluted loss per share, as reported






 






 






23,069






 








Adjusted diluted earnings per share (non-GAAP)






 






 






23,234






 









 






Three Months Ended February 28, 2025








 






(Loss) Income






 






Diluted (Loss) Earnings Per Share








 






Before Tax






 






Tax






 






Net of Tax






 






Before Tax






 






Tax






 






Net of Tax








As reported (GAAP)






$






(11,614






)






 






$






(62,531






)






 






$






50,917






 






 






$






(0.51






)






 






$






(2.73






)






 






$






2.22






 








Acquisition-related expenses






 






3,035






 






 






 






—






 






 






 






3,035






 






 






 






0.13






 






 






 






—






 






 






 






0.13






 








Asset impairment charges






 






51,455






 






 






 






3,895






 






 






 






47,560






 






 






 






2.25






 






 






 






0.17






 






 






 






2.08






 








Intangible asset reorganization (7)






 






—






 






 






 






64,604






 






 






 






(64,604






)






 






 






—






 






 






 






2.82






 






 






 






(2.82






)








Restructuring charges






 






7,943






 






 






 






814






 






 






 






7,129






 






 






 






0.35






 






 






 






0.04






 






 






 






0.31






 








Subtotal






 






50,819






 






 






 






6,782






 






 






 






44,037






 






 






 






2.22






 






 






 






0.30






 






 






 






1.92






 








Amortization of intangible assets






 






5,269






 






 






 






812






 






 






 






4,457






 






 






 






0.23






 






 






 






0.04






 






 






 






0.19






 








Non-cash share-based compensation






 






5,326






 






 






 






401






 






 






 






4,925






 






 






 






0.23






 






 






 






0.02






 






 






 






0.22






 








Adjusted (non-GAAP)






$






61,414






 






 






$






7,995






 






 






$






53,419






 






 






$






2.68






 






 






$






0.35






 






 






$






2.33






 








 






 






 






 






 






 






 






 






 






 






 






 








Weighted average shares of common stock used in computing reported and non-GAAP diluted earnings per share






 






 






22,904






 









 






Fiscal Year Ended February 28, 2026








 






(Loss) Income






 






Diluted (Loss) Earnings Per Share








 






Before Tax






 






Tax






 






Net of Tax






 






Before Tax






 






Tax






 






Net of Tax








As reported (GAAP)






$






(838,838






)






 






$






60,144






 






 






$






(898,982






)






 






$






(36.47






)






 






$






2.61






 






 






$






(39.08






)








Asset impairment charges






 






885,861






 






 






 






19,788






 






 






 






866,073






 






 






 






38.35






 






 






 






0.86






 






 






 






37.49






 








CEO succession costs






 






3,484






 






 






 






153






 






 






 






3,331






 






 






 






0.15






 






 






 






0.01






 






 






 






0.14






 








EPA compliance costs






 






4,354






 






 






 






(1,114






)






 






 






5,468






 






 






 






0.19






 






 






 






(0.05






)






 






 






0.24






 








Intangible asset reorganization (7)






 






—






 






 






 






(74,015






)






 






 






74,015






 






 






 






—






 






 






 






(3.20






)






 






 






3.20






 








Restructuring charges






 






3,005






 






 






 






421






 






 






 






2,584






 






 






 






0.13






 






 






 






0.02






 






 






 






0.11






 








Subtotal






 






57,866






 






 






 






5,377






 






 






 






52,489






 






 






 






2.51






 






 






 






0.23






 






 






 






2.27






 








Amortization of intangible assets






 






17,059






 






 






 






2,933






 






 






 






14,126






 






 






 






0.74






 






 






 






0.13






 






 






 






0.61






 








Non-cash share-based compensation






 






16,885






 






 






 






1,444






 






 






 






15,441






 






 






 






0.73






 






 






 






0.06






 






 






 






0.67






 








Adjusted (non-GAAP)






$






91,810






 






 






$






9,754






 






 






$






82,056






 






 






$






3.97






 






 






$






0.42






 






 






$






3.55






 








 






 






 






 






 






 






 






 






 






 






 






 








Weighted average shares of common stock used in computing:






 






 








Diluted loss per share, as reported






 






 






 






 






 






 






 






 






 






 






 






23,002






 








Adjusted diluted earnings per share (non-GAAP)






 






 






23,099






 









 



Reconciliation of Non-GAAP Financial Measures – GAAP (Loss) Income and Diluted (Loss) Earnings Per Share to Adjusted Income and Adjusted Diluted Earnings Per Share (Non-GAAP) (1)








(Unaudited) (in thousands, except per share data)








 



 






Fiscal Year Ended February 28, 2025








 






Income






 






Diluted Earnings Per Share








 






Before Tax






 






Tax






 






Net of Tax






 






Before Tax






 






Tax






 






Net of Tax








As reported (GAAP)






$






91,664






 






$






(32,087






)






 






$






123,751






 






 






$






3.97






 






$






(1.39






)






 






$






5.37






 








Acquisition-related expenses






 






3,035






 






 






—






 






 






 






3,035






 






 






 






0.13






 






 






—






 






 






 






0.13






 








Asset impairment charges






 






51,455






 






 






3,895






 






 






 






47,560






 






 






 






2.23






 






 






0.17






 






 






 






2.06






 








Barbados tax reform (12)






 






—






 






 






(6,045






)






 






 






6,045






 






 






 






—






 






 






(0.26






)






 






 






0.26






 








Intangible asset reorganization






 






—






 






 






64,604






 






 






 






(64,604






)






 






 






—






 






 






2.80






 






 






 






(2.80






)








Restructuring charges






 






14,822






 






 






1,433






 






 






 






13,389






 






 






 






0.64






 






 






0.06






 






 






 






0.58






 








Subtotal






 






160,976






 






 






31,800






 






 






 






129,176






 






 






 






6.98






 






 






1.38






 






 






 






5.60






 








Amortization of intangible assets






 






18,875






 






 






2,798






 






 






 






16,077






 






 






 






0.82






 






 






0.12






 






 






 






0.70






 








Non-cash share-based compensation






 






21,376






 






 






1,240






 






 






 






20,136






 






 






 






0.93






 






 






0.05






 






 






 






0.87






 








Adjusted (non-GAAP)






$






201,227






 






$






35,838






 






 






$






165,389






 






 






$






8.72






 






$






1.55






 






 






$






7.17






 








 






 






 






 






 






 






 






 






 






 






 






 








Weighted average shares of common stock used in computing reported and non-GAAP diluted earnings per share






 






 






23,065






 









 



Selected Consolidated Balance Sheet and Cash Flow Information








(Unaudited) (in thousands)








 



 






Last Day of February,








 






2026






 






2025








Balance Sheet:






 






 






 








Cash and cash equivalents






$






18,886






 






$






18,867








Receivables, net






 






361,300






 






 






428,330








Inventory






 






455,812






 






 






452,615








Total assets, current






 






865,519






 






 






931,712








Total assets






 






2,115,548






 






 






3,132,083








Total liabilities, current






 






504,965






 






 






466,259








Total long-term liabilities






 






812,386






 






 






982,385








Total debt






 






780,811






 






 






916,894








Stockholders’ equity






 






798,197






 






 






1,683,439









 






Fiscal Years Ended

Last Day of February,








 






2026






 






2025








Cash Flow:






 






 






 








Depreciation and amortization






$






53,295






 






 






$






55,048








Net cash provided by operating activities






 






171,136






 






 






 






113,213








Capital and intangible asset expenditures






 






39,226






 






 






 






30,072








Net debt (repayments) proceeds






 






(136,306






)






 






 






249,900








Payments for repurchases of common stock






 






1,915






 






 






 






103,188









 



Reconciliation of Non-GAAP Financial Measures – GAAP Net Cash Provided by Operating Activities to Free Cash Flow (Non-GAAP) (1) (2)








(Unaudited) (in thousands)








 



 






Fiscal Years Ended

Last Day of February,








 






2026






 






2025








Net cash provided by operating activities (GAAP)






$






171,136






 






 






$






113,213






 








Less: Capital and intangible asset expenditures






 






(39,226






)






 






 






(30,072






)








Free cash flow (non-GAAP)






$






131,910






 






 






$






83,141






 









 



Reconciliation of Non-GAAP Financial Measures – Net Leverage Ratio (Non-GAAP) (1) (9)








(Unaudited) (in thousands)








 



 






Fiscal Year Ended February 28, 2026








 








Adjusted EBITDA (non-GAAP) (13)






$






185,785






 








Permitted adjustments per the credit agreement (9)






 






11,118






 








Adjusted EBITDA per the credit agreement






$






196,903






 








 






 








Total borrowings under the credit agreement, as reported (GAAP)






$






785,544






 








Less: Unrestricted cash and cash equivalents






 






(23,683






)








Net debt






$






761,861






 








 






 








Net leverage ratio (non-GAAP) (9)






 






3.87






 











 



Fiscal 2027 Outlook for Net Sales Revenue








(Unaudited) (in thousands)










 



Consolidated:






Fiscal 2026






 






Fiscal 2027 Outlook








Net sales revenue






$






1,786,290






 






$






1,751,000






 






 






—






 






$






1,822,000






 








Net sales revenue (decline) growth






 






 






 






(2.0






)%






 






—






 






 






2.0






%











 



Reconciliation of Non-GAAP Financial Measures – Fiscal 2027 Outlook for GAAP Net Income to EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)








and Adjusted EBITDA (Non-GAAP) (1) (Unaudited) (in thousands)










 



 






Fiscal Year Ended

February 28, 2026






 






Fiscal 2027 Outlook








Net (loss) income, as reported (GAAP)






$






(898,982






)






 






$






83,016






 






 






—






 






$






97,223






 








Interest expense






 






57,739






 






 






 






49,000






 






 






—






 






 






47,000






 








Income tax expense






 






60,144






 






 






 






36,538






 






 






—






 






 






38,031






 








Depreciation and amortization






 






53,295






 






 






 






52,000






 






 






—






 






 






48,000






 








EBITDA (non-GAAP)






 






(727,804






)






 






 






220,554






 






 






—






 






 






230,254






 








Add: Asset impairment charges






 






885,861






 






 






 






—






 






 






—






 






 






—






 








CEO succession costs






 






3,484






 






 






 






—






 






 






—






 






 






—






 








EPA compliance costs






 






4,354






 






 






 






—






 






 






—






 






 






—






 








Gain on sale of distribution facility (14)






 






—






 






 






 






(54,854






)






 






—






 






 






(54,854






)








Restructuring charges






 






3,005






 






 






 






—






 






 






—






 






 






—






 








Non-cash share-based compensation






 






16,885






 






 






 






24,000






 






 






—






 






 






22,000






 








Adjusted EBITDA (non-GAAP)






$






185,785






 






 






$






189,700






 






 






—






 






$






197,400






 








 






 






 






 






 






 






 






 








Adjusted EBITDA (non-GAAP) growth






 






 






 






2.1






%






 






—






 






 






6.3






%













 



Reconciliation of Non-GAAP Financial Measures – Fiscal 2027 Outlook for GAAP Diluted EPS to Adjusted Diluted EPS (Non-GAAP) and GAAP Effective Tax Rate to Adjusted Effective Tax Rate (Non-GAAP) (1) (Unaudited)












 



 






Fiscal Year Ended

February 28, 2026






 






Outlook Fiscal 2027






 






Tax Rate Outlook

Fiscal 2027








Diluted (loss) earnings per share, as reported (GAAP)






$






(39.08






)






 






$






3.57






 






 






—






 






$






4.18






 






 






30.5






%






 






—






 






28.1






%








Asset impairment charges






 






38.35






 






 






 






—






 






 






—






 






 






—






 






 






 






 






 






 






 








CEO succession costs






 






0.15






 






 






 






—






 






 






—






 






 






—






 






 






 






 






 






 






 








EPA compliance costs






 






0.19






 






 






 






—






 






 






—






 






 






—






 






 






 






 






 






 






 








Restructuring charges






 






0.13






 






 






 






—






 






 






—






 






 






—






 






 






 






 






 






 






 








Gain on sale of distribution facility






 






—






 






 






 






(2.36






)






 






—






 






 






(2.36






)






 






 






 






 






 






 








Amortization of intangible assets






 






0.74






 






 






 






0.64






 






 






—






 






 






0.60






 






 






 






 






 






 






 








Non-cash share-based compensation






 






0.73






 






 






 






1.03






 






 






—






 






 






0.95






 






 






 






 






 






 






 








Income tax effect of adjustments






 






2.19






 






 






 






0.37






 






 






—






 






 






0.38






 






 






(3.5






)%






 






—






 






(3.1






)%








Adjusted diluted EPS (non-GAAP)






$






3.55






 






 






$






3.25






 






 






—






 






$






3.75






 






 






27.0






%






 






—






 






25.0






%








 






 






 






 






 






 






 






 






 






 






 






 






 






 








Adjusted diluted EPS (non-GAAP) (decline) growth






 






 






 






(8.5






)%






 






—






 






 






5.6






%






 






 






 






 






 






 











 



Reconciliation of Non-GAAP Financial Measures – Fiscal 2027 Outlook for GAAP Net Cash Provided by Operating Activities to Free Cash Flow (Non-GAAP) (1) (2)








(Unaudited) (in thousands)










 



 






Fiscal Year Ended

February 28, 2026






 






Fiscal 2027 Outlook








Net cash provided by operating activities (GAAP)






$






171,136






 






 






$






117,000






 






 






—






 






$






128,000






 








Less: Capital and intangible asset expenditures






 






(39,226






)






 






 






(32,000






)






 






—






 






 






(28,000






)








Free cash flow (non-GAAP)






$






131,910






 






 






$






85,000






 






 






—






 






$






100,000






 








 






 






 






 






 






 






 






 








Free cash flow (non-GAAP) (decline)






 






 






 






(35.6






)%






 






—






 






 






(24.2






)%







HELEN OF TROY LIMITED AND SUBSIDIARIES


Notes to Press Release




(1)






 






This press release contains non-GAAP financial measures. Adjusted Operating Income, Adjusted Operating Margin, Adjusted Effective Tax Rate, Adjusted Income, Adjusted Diluted Earnings Per Share, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow and Net Leverage Ratio (“Non-GAAP Financial Measures”) that are discussed in the accompanying press release or in the preceding tables may be considered non-GAAP financial measures as defined by SEC Regulation G, Rule 100. Accordingly, the Company is providing the preceding tables that reconcile these measures to their corresponding GAAP-based financial measures. The Company is unable to present a quantitative reconciliation of forward-looking expected net leverage ratio to its most directly comparable forward-looking GAAP financial measure because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP financial measure without unreasonable effort or expense. In addition, the Company believes such reconciliation would imply a degree of precision that would be confusing or misleading to investors. The Company believes that these Non-GAAP Financial Measures provide useful information to management and investors regarding financial and business trends relating to its financial condition and results of operations. The Company believes that these Non-GAAP Financial Measures, in combination with the Company’s financial results calculated in accordance with GAAP, provide investors with additional perspective regarding the impact of certain charges and benefits on applicable income, margin and earnings per share measures. The Company also believes that these Non-GAAP Financial Measures reflect the operating performance of its business and facilitate a more direct comparison of the Company’s performance with its competitors. The material limitation associated with the use of the Non-GAAP Financial Measures is that the Non-GAAP Financial Measures do not reflect the full economic impact of the Company’s activities. These Non-GAAP Financial Measures are not prepared in accordance with GAAP, are not an alternative to GAAP financial measures and may be calculated differently than non-GAAP financial measures disclosed by other companies. Accordingly, undue reliance should not be placed on non-GAAP financial measures.








 






 






 








(2)






 






Free cash flow represents net cash provided by operating activities less capital and intangible asset expenditures.








 






 






 








(3)






 






Non-cash asset impairment charges were recognized to reduce goodwill and other intangible assets during fiscal 2026, which impacted both the Beauty & Wellness and Home & Outdoor segments, and to reduce the goodwill and definite-lived trade name of the Company’s Drybar business during the fourth quarter of fiscal 2025, which impacted the Beauty & Wellness segment.








 






 






 








(4)






 






Organic business refers to net sales revenue associated with product lines or brands after the first twelve months from the date the product line or brand is acquired, excluding the impact that foreign currency remeasurement had on reported net sales revenue. Net sales revenue from internally developed brands or product lines is considered Organic business activity.








 






 






 








(5)






 






On December 16, 2024, the Company completed the acquisition of Olive & June. As such, the three months ended February 28, 2025 and fiscal 2025 include approximately eleven weeks of operating results from Olive & June, and fiscal 2026 includes a full year of operating results. Olive & June sales prior to the first annual anniversary of the acquisition are reported in Acquisition. Sales from Olive & June subsequent to the first annual anniversary of the acquisition are reported in Organic business.








 






 






 








(6)






 






Settlement costs related to EPA packaging and labeling compliance for certain products in the air filtration, water filtration and humidification categories within the Beauty & Wellness segment (“EPA compliance costs”).








 






 






 








(7)






 






Represents a transitional income tax benefit resulting from the recognition of deferred tax assets in connection with the reorganization of the Company’s intangible assets in fiscal 2025 and income tax expense from the recognition of valuation allowances in fiscal 2026 on the related deferred tax assets (“intangible asset reorganization”).








 






 






 








(8)






 






Accounts receivable turnover uses 12 months trailing net sales revenue. The current and four prior quarters’ ending balances of trade accounts receivable are used for the purposes of computing the average balance component as required by the particular measure.








 






 






 








(9)






 






Net leverage ratio is calculated as (a) total borrowings under the Company’s credit agreement, net of unrestricted cash and cash equivalents, including readily marketable obligations issued, guaranteed or insured by the U.S. with maturities of two years or less, at the end of the current period, divided by (b) Adjusted EBITDA per the Company’s credit agreement (calculated as EBITDA plus non-cash charges and certain allowed addbacks, less certain non-cash income, plus the pro forma effect of acquisitions and certain pro forma run-rate cost savings for acquisitions and dispositions, as applicable for the trailing twelve months ended as of the current period).








 






 






 








(10)






 






Domestic net sales revenue includes net sales revenue from the U.S. and Canada.








 






 






 








(11)






 






Represents costs incurred in connection with the departure of the Company’s former CEO primarily related to severance and recruitment costs (“CEO succession costs”).








 






 






 








(12)






 






Represents a discrete tax charge to revalue existing deferred tax liabilities as a result of Barbados enacting a domestic corporate income tax rate of 9%, effective beginning with the Company’s fiscal year 2025 (“Barbados tax reform”).








 






 






 








(13)






 






See reconciliation of Adjusted EBITDA to the most directly comparable GAAP-based financial measure (net income (loss)) in the accompanying tables to this press release.








 






 






 








(14)






 






Represents a pre-tax gain on the sale of the Company’s distribution facility in Southaven, Mississippi which was completed on April 14, 2026, during the first quarter of fiscal 2027. Refer to the Subsequent Event - Sale of Distribution Facility section above for further details.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260423358686/en/
Investor:

Helen of Troy Limited

Anne Rakunas, Director, External Communications

investors@helenoftroy.com


ICR, Inc.

Allison Malkin, Partner

investors@helenoftroy.com


Original: Helen of Troy Reports Fourth Quarter Fiscal 2026 Results