---
schema_version: "secwatch.filing_event.v1"
accession: "0000916789-23-000035"
form_type: "8-K"
ticker: "HELE"
cik: "0000916789"
company_name: "HELEN OF TROY LTD"
filed_at: "2023-07-12T23:59:59+00:00"
generated_at: "2026-06-13T09:42:50.533887+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Helen of Troy Q1 net sales down 6.6% to $474.7M; adj EPS $1.94

## Summary
- GAAP diluted EPS $0.94 vs $1.02; adjusted diluted EPS $1.94 vs $2.41.
- Gross margin up 380 bps to 45.4%; operating margin up 190 bps to 8.6%.
- Cash from operations $121.1M vs -$38.4M; free cash flow $109.2M vs -$114.6M.
- FY2024 outlook maintained: net sales $1.965-$2.015B, adj EPS $8.50-$9.00, FCF $250-$270M.
- Project Pegasus on track for $20M FY2024 savings; debt reduced to $837.2M from $1.1056B.

## SEC filing metadata
- accession: 0000916789-23-000035
- form_type: 8-K
- ticker: HELE
- cik: 0000916789
- company_name: HELEN OF TROY LTD
- filed_at: 2023-07-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916789/000091678923000035/0000916789-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916789/000091678923000035/hele-20230710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916789-23-000035
- JSON: https://secwatch.observer/filing/0000916789-23-000035.json
- Plain text: https://secwatch.observer/filing/0000916789-23-000035.txt

## Key facts
- Earnings Releases
  HELEN OF TROY LTD reported three-month period ended May 31, 2023 (first quarter of fiscal 2024) results: revenue $474.7 million, net income $22,581 (thousands) / $22.6 million, EPS $0.94. Guidance reaffirmed.
  - Period: three-month period ended May 31, 2023 (first quarter of fiscal 2024)
  - Revenue: $474.7 million
  - Net income: $22,581 (thousands) / $22.6 million
  - EPS: $0.94
  - Guidance: reaffirmed
  - Result: reported results
  source text: has been recast to conform to this change in reportable segments. Executive Summary – First Quarter of Fiscal 2024 Compared to Fiscal 2023 • Consolidated net sales revenue of $474.7 million, a decrease of 6.6% • Gross profit margin improvement of 380 basis points to 45.4% compared to 41.6% • Operating margin of 8.6% compared to 6.7% • Adjusted operating margin of
  evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678923000035/0000916789-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.