Press release
Helen of Troy Limited Reports First Quarter Fiscal 2026 Results
Consolidated Net Sales Decline of 10.8% GAAP Diluted Loss Per Share of $19.65 Adjusted Diluted Earnings Per Share of $0.41 Cash Flow from Operations of $58.3
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Decline of 10.8%\nGAAP Diluted Loss Per Share of $19.65\nAdjusted Diluted Earnings Per Share of $0.41\nCash Flow from Operations of $58.3 Million; Free Cash Flow (1)(2) of $45.0 Million\n\n\nProvides Second Quarter Fiscal 2026 Outlook:\nConsolidated Net Sales of $408-$432 Million\nAdjusted Diluted Earnings Per Share of $0.45-$0.60 (13)\n\n\n EL PASO, Texas--(BUSINESS WIRE)--\nHelen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, today reported results for the three-month period ended May 31, 2025.\n\n\nExecutive Summary - First Quarter of Fiscal 2026 Compared to Fiscal 2025\n\n\n\nConsolidated net sales revenue of $371.7 million compared to $416.8 million\n\n\n\nGross profit margin of 47.1% compared to 48.7%\n\n\n\nOperating margin of (109.5)%, which includes non-cash asset impairment charges(6) of $414.4 million, compared to 7.4%\n\n\n\nNon-GAAP adjusted operating margin of 4.3% compared to 10.3%\n\n\n\nGAAP diluted loss per share of $19.65 compared to diluted earnings per share of $0.26\n\n\n\nNon-GAAP adjusted diluted earnings per share of $0.41 compared to $0.99\n\n\n\nNet cash provided by operating activities of $58.3 million compared to $25.3 million\n\n\n\nNon-GAAP adjusted EBITDA margin of 6.9% compared to 12.6%\n\n\n\nMr. Timothy F. Meeker, Chairman of the Board of Directors, stated: “The Board’s process to identify our next CEO is well underway with the support of a leading global executive search firm and we are encouraged by the progress thus far. We continue to prioritize selecting a CEO who has demonstrated success in leading a highly diversified global organization, has the ability to bolster our brands and inspire top talent to capitalize on Helen of Troy’s growth opportunities, and who closely aligns with our strong belief that Helen of Troy has tremendous potential. As we continue our search, we have confidence in our interim CEO Brian Grass, his dedication to Helen of Troy, and his commitment to improving our Company’s performance.”\n\n\nMr. Brian L. Grass, interim Chief Executive Officer, stated: “I feel fortunate to have stepped into my role as interim CEO with a strong understanding of our business, our opportunities, and the headwinds we face. I have spent considerable time listening close...