$HELE

HELEN OF TROY LTD

CIK:0000916789|SEC Filings

Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Sales revenue, net	$ 402,115	$ 371,655
Cost of goods sold	217,260	196,644
Gross profit	184,855	175,011
Selling, general and administrative expense (“SG&A”)	124,506	167,664
Asset impairment charges	0	414,385
Operating income (loss)	60,349	(407,038)
Non-operating income, net	218	308
Interest expense	12,243	13,808
Income (loss) before income tax	48,324	(420,538)
Income tax expense	12,562	30,180
Net income (loss)	$ 35,762	$ (450,718)
Earnings (loss) per share:
Basic (in dollars per share)	$ 1.54	$ (19.65)
Diluted (in dollars per share)	$ 1.51	$ (19.65)
Weighted average shares used in computing earnings (loss) per share:
Basic (in shares)	23,265	22,943
Diluted (in shares)	23,758	22,943

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	May 31, 2026	May 31, 2025	Feb. 28, 2026
Cash (used) provided by operating activities:
Net income (loss)	$ 35,762	$ (450,718)
Adjustments to reconcile net income (loss) to net cash (used) provided by operating activities:
Depreciation and amortization	13,377	14,084
Amortization of financing costs	406	369
Non-cash operating lease expense	3,344	2,189
Provision for credit losses	1,198	621
Non-cash share-based compensation	6,437	296
Asset impairment charges	0	414,385
Gain on sale of distribution facility	(54,854)	0
Gain on the sale or disposal of property and equipment	(32)	(39)
Deferred income taxes and tax credits	4,346	(19,988)
Changes in operating capital, net of effects of acquisition of business:
Receivables	34,405	114,092
Inventory	(11,583)	(31,512)
Prepaid expenses and other current assets	(9,132)	(1,777)
Other assets and liabilities, net	84	(271)
Accounts payable	(7,555)	(42,372)
Accrued expenses and other current liabilities	(11,248)	15,019
Accrued income taxes	(5,591)	43,960
Net cash (used) provided by operating activities	(636)	58,338
Cash provided (used) by investing activities:
Capital and intangible asset expenditures	(5,806)	(13,362)
Net proceeds from business acquired	0	3,880
Payments for purchases of U.S. Treasury Bills	(724)	(687)
Proceeds from maturities of U.S. Treasury Bills	657	639
Proceeds from sale of distribution facility	78,160	0
Proceeds from the sale of property and equipment	32	46
Proceeds from promissory note	164	0
Net cash provided (used) by investing activities	72,483	(9,484)
Cash used by financing activities:
Proceeds from revolving loans	257,740	131,500
Repayment of revolving loans	(316,560)	(424,200)
Proceeds from term loans	0	250,000
Repayment of long-term debt	(6,250)	(2,344)
Payment of financing costs	0	(434)
Payment for contingent consideration	(4,100)	0
Proceeds from share issuances under share-based compensation plans	1,334	1,757
Payments for repurchases of common stock	(1,215)	(1,331)
Net cash used by financing activities	(69,051)	(45,052)
Net increase in cash and cash equivalents	2,796	3,802
Cash and cash equivalents, beginning balance	18,886	18,867	$ 18,867
Cash and cash equivalents, ending balance	21,682	22,669	$ 18,886
Supplemental non-cash investing activity:
Capital expenditures included in accounts payable and accrued expenses	$ 6,380	$ 6,670

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	May 31, 2026	Feb. 28, 2026
Assets, current:
Cash and cash equivalents	$ 21,682	$ 18,886
Receivables, less allowances of $5,973 and $4,923	323,835	361,300
Inventory	467,395	455,812
Prepaid expenses and other current assets	34,382	24,146
Income taxes receivable	8,960	5,375
Total assets, current	856,254	865,519
Property and equipment, net of accumulated depreciation of $203,009 and $193,622	303,255	308,021
Goodwill	472,281	472,281
Other intangible assets, net of accumulated amortization of $177,650 and $173,495	368,791	372,850
Operating lease assets	54,741	49,371
Deferred tax assets, net	4,096	4,224
Assets held for sale	0	23,104
Other assets	20,646	20,178
Total assets	2,080,064	2,115,548
Liabilities, current:
Accounts payable	245,945	256,414
Accrued expenses and other current liabilities	188,753	199,606
Income taxes payable	20,492	23,945
Long-term debt, current maturities	25,000	25,000
Total liabilities, current	480,190	504,965
Long-term debt, excluding current maturities	691,147	755,811
Lease liabilities, non-current	55,198	52,884
Deferred tax liabilities, net	7,667	2,699
Other liabilities, non-current	2,343	992
Total liabilities	1,236,545	1,317,351
Commitments and contingencies
Stockholders’ equity:
Cumulative preferred stock, non-voting, $1.00 par. Authorized 2,000,000 shares; none issued	0	0
Common stock, $0.10 par. Authorized 50,000,000 shares; 23,285,621 and 23,077,230 shares issued and outstanding	2,329	2,308
Additional paid in capital	391,514	384,979
Accumulated other comprehensive income (loss)	1,127	(1,877)
Retained earnings	448,549	412,787
Total stockholders’ equity	843,519	798,197
Total liabilities and stockholders’ equity	$ 2,080,064	$ 2,115,548