Helen Of Troy Limited · NASDAQ:HELE
Helen Of Troy — Q1 2026 Earnings Presentation
27 slides from Helen Of Troy's earnings presentation, Jul 10, 2025
Slide 1: Q1 Fiscal 2026 Earnings Results
Q1 Fiscal 2026 Earnings Results
Slide 2: Forward-Looking Statements and Reconciliation of Non-GAAP Financial Measures
Forward-Looking Statements and Reconciliation of Non-GAAP Financial Measures Forward-Looking Statements: Certain written and oral statements made by the Company and subsidiaries of the Company may constitute “forward-looking measures taken by China, Mexico or Vietnam, the risks of potential changes
Slide 3: Who is Helen of Troy
Who is Helen of Troy Business Segments We are a leading global consumer products company offering creative products and solutions for our customers through a diversified portfolio of well-recognized and widely trusted brands. We have built leading market positions through new product innovation, pro
Slide 4: Interim Leadership Features Extensive Company & Industry Expertise
Interim Leadership Features Extensive Company & Industry Expertise Brian Grass Interim Chief Executive Officer • Appointed CFO, including principal financial officer and principal accounting officer, on September 23, 2023. • Rejoined the Company in March 2023. • Promoted to Chief Financial Officer f
Slide 5: Key Messages
Key Messages Leadership transition brings fresh perspective, opportunity, and urgency Key priorities: o Restoring confidence within the organization and meeting our external commitments to key stakeholders; o Improving our go-to-market effectiveness and simplifying how we operate; o Refocusing on in
Slide 6: Q1 Fiscal 2026 Results
Q1 Fiscal 2026 Results Quarter Highlights Key Financial Metrics • Consolidated net sales declined -10.8% o Excluding Olive & June, net sales decreased by -17.3% with ~45% of the Gross Margin organic revenue decline driven by tariff-related trade disruptions. Net Sales Revenue ($M) • Gross margin dec
Slide 7: Q1 Revenue Decline Driven by Tariff-Related Revenue Pressures and Softness at Retail
Q1 Revenue Decline Driven by Tariff-Related Revenue Pressures and Softness at Retail Tariff-Related: Consolidated • Decline due to the pause or cancellation of China direct import orders (-$45.1M or -10.8 ppts) by key Mass and Club retailers in response to increased tariff rates $416.8 • A slowdown
Slide 8: Q1 Adjusted EPS Impacted by Revenue Shortfall and Trade Policy, Mitigated by Cost Discipline
Q1 Adjusted EPS Impacted by Revenue Shortfall and Trade Policy, Mitigated by Cost Discipline and Olive & June • Tariff-related softness due to the pause or cancellation of China Gross Profit ($0.98) direct import orders by key Mass and Club retailers in response to increased tariff rates and evolvin
Slide 9: FY26 Tariff-Related Impacts and Mitigation Action Plan
FY26 Tariff-Related Impacts and Mitigation Action Plan Net Sales Change & Expected Tariff Impact(1) Mitigation Action Plan Tariff-Related Impact • Employing the mitigation actions and cost • Each of the mitigation actions identified reduction measures outlined on slide ten(2), on slide ten are lever
Slide 10: Helen of Troy Tariff Playbook – Mitigation Actions
Helen of Troy Tariff Playbook – Mitigation Actions o Purchased targeted additional inventory in late fiscal ’25 and early fiscal ‘26, ahead of tariffs, that is helping us now Inventory o Initially paused certain purchases from China in the short term; maintained purchases supporting key launches alr
Slide 11: UPDATED Supplier Diversification Plan
UPDATED Supplier Diversification Plan: Estimated Reduction in Ongoing Exposure to China Tariffs on U.S. Imports Approx. 25% of Consolidated Cost of Goods Sold (COGS) by the End of Fiscal 2026 a a International 23% a International 25% International 26% a International 26% Dual Sourcing Strategy We ha
Slide 12: Tariff Impacts Less Mitigation and Cost Reduction Equals Remaining Impact
Tariff Impacts Less Mitigation and Cost Reduction Equals Remaining Impact FY 2026 FY 2027 Gross unmitigated tariff impact $60 - $70 Million $100 - $110 Million Less: • Supplier diversification Tariff mitigation actions • Supplier & Cost Negotiations • Portfolio management (Product Optimization) • Di
Slide 13: Second Quarter Fiscal 2026 Outlook
Second Quarter Fiscal 2026 Outlook High Level Assumptions • Continued headwinds from the evolving global tariff policies and the related business and macroeconomic uncertainty including: Expected Consolidated Consolidated • the pause or cancellations of direct import orders in response to higher tar
Slide 14: FY 2026: A Tale of Two Halves
FY 2026: A Tale of Two Halves First Half Second Half Headwinds Tailwinds × Tariff-related trade disruption of over $50 million net sales ✓ Retail price increases averaging 7% to 10% (effective Sept 1st) × Pause or cancellation of direct import orders from China by retailers in response to increased
Slide 15: Innovation for More Product-Driven Growth: Drybar All-Inclusive and Blowout Defense
Innovation for More Product-Driven Growth: Drybar All-Inclusive and Blowout Defense 15
Slide 16: Innovation for More Product-Driven Growth B&W New Product Launches
Innovation for More Product-Driven Growth B&W New Product Launches Curlsmith Curlshield Cream Fragrance-Free Stronghold Gel Fragrance-Free Leave-In Curl Reset Detox Shampoo 16
Slide 17: Innovation for More Product-Driven Growth OXO Twist & Stack Containers
Innovation for More Product-Driven Growth OXO Twist & Stack Containers 17
Slide 18: Innovation for More Product-Driven Growth Micro Mini Launches
Innovation for More Product-Driven Growth B&WHydro Micro New 6.7oz Product MiniLaunches Bottle Fragrance-Free Stronghold Gel Designed for Endless Utility Curl Reset Detox Shampoo 18
Slide 19: Why Invest in Helen of Troy
Why Invest in Helen of Troy Interim Leadership features extensive Company and industry expertise Strong free cash flow including low capex needs Disciplined track record of capital allocation Proven M&A track record, acquired strong growth brands at favorable valuations; have divested those that don
Slide 20: Elevating Lives, Soaring Together
Elevating Lives, Soaring Together
Slide 21: Glossary of Terms
Glossary of Terms Adjusted Diluted Earnings per Share (Adjusted Diluted EPS or Adjusted EPS) – CEO Succession Costs – Represents costs incurred in connection with the departure of the Non-GAAP Adjusted Income divided by diluted shares outstanding Company’s former CEO primarily related to severance a
Slide 22: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures – GAAP Operating (Loss) Income and Operating Margin to Adjusted Operating Income and Adjusted Operating Margin (Non-GAAP) (Unaudited) (in thousands) Three Months Ended May 31, 2025 Home & Outdoor Beauty & Wellness Total Operating loss, as reported (GAAP)
Slide 23: Reconciliation of Non-GAAP Financial Measures
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) (Unaudited) (in thousands) Three Months Ended May 31, 2025 2024 Net (loss) income, as report
Slide 24: Reconciliation of Non-GAAP Financial Measures
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) (Unaudited) (in thousands, except per share data) Three Months Ended May 31, 2025 (Loss) Income Diluted (Loss) Earnings Per S
Slide 25: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures – GAAP Net Cash Provided by Operating Activities to Free Cash Flow (Non-GAAP) (Unaudited) (in thousands) Three Months Ended May 31, 2025 2024 Net cash provided by operating activities (GAAP) $ 58,338 $ 25,320 Less: Capital and intangible asset expenditur
Slide 26: Second Quarter Fiscal 2026 Outlook for Net Sales Revenue
Second Quarter Fiscal 2026 Outlook for Net Sales Revenue (Unaudited) (in thousands) Second Quarter Consolidated: Fiscal 2025 Second Quarter Fiscal 2026 Outlook Net sales revenue $ 474,221 $ 408,000 — $ 432,000 Net sales revenue decline (14.0)% — (8.9)% 26
Slide 27: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures – Second Quarter Fiscal 2026 Outlook for GAAP Diluted Earnings Per Share to Adjusted Diluted Earnings Per Share (Non-GAAP) and GAAP Effective Tax Rate to Adjusted Effective Tax Rate (Non-GAAP) (Unaudited) Tax Rate Second Quarter Second Quarter Fiscal 202