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Helen of Troy Limited (NASDAQ: HELE) reported results for the three-month period ended February 28, 2026 and issued its outlook for fiscal 2027.
For the quarter, consolidated net sales revenue was $470.0 million, compared with $485.9 million in the prior-year period. Gross profit margin was 44.6%, down from 48.6%.
Operating margin was (10.8)% versus 0.4% a year earlier. The company noted that operating margin includes the impact of non-cash asset impairment charges of (16.8)% and (10.6)%, respectively. On a non-GAAP basis, adjusted operating margin was 8.3%, compared with 15.4%.
On a GAAP basis, diluted loss per share was $2.41, compared with a GAAP diluted loss per share of $2.22. Non-GAAP adjusted diluted EPS was $0.83, compared with $2.33.
Cash flow improved: net cash provided by operating activities was $111.3 million, compared with $35.0 million. Non-GAAP adjusted EBITDA margin was 10.3%, compared with 17.4%.
For the full fiscal year, consolidated net sales revenue was $1.786 billion, compared with $1.908 billion in fiscal 2025. Gross profit margin was 45.7%, compared with 47.9%.
Operating margin was (43.8)% versus 7.5% in the prior year. The company said this includes the margin impact of non-cash asset impairment charges of (49.6)% and (2.7)%, respectively. Non-GAAP adjusted operating margin was 8.3%, compared with 13.2%.
On a GAAP basis, diluted loss per share was $39.08, compared with diluted earnings per share of $5.37. Non-GAAP adjusted diluted EPS was $3.55, compared with $7.17.
Net cash provided by operating activities was $171.1 million, compared with $113.2 million. Non-GAAP adjusted EBITDA margin was 10.4%, compared with 15.2%.
Helen of Troy’s Chief Executive Officer, Mr. G. Scott Uzzell, said: “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.”
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