---
schema_version: "secwatch.filing_event.v1"
accession: "0000916789-23-000044"
form_type: "8-K"
ticker: "HELE"
cik: "0000916789"
company_name: "HELEN OF TROY LTD"
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T05:07:49.210891+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helen of Troy Q2 sales down 5.7%; CFO Grass appointed permanent; reaffirms FY outlook

## Summary
- Q2 net sales $491.6M, down 5.7% YoY; GAAP diluted EPS $1.14 vs $1.28; adjusted diluted EPS $1.74 vs $2.27.
- Gross margin improved 420 bps to 46.7%; GAAP operating margin 9.5% (up 50 bps); adjusted operating margin 12.7% (down 120 bps).
- Cash from operations $36.7M vs -$37.0M; free cash flow $28.0M vs -$73.5M; repurchased 381,200 shares for $50M.
- FY2024 outlook maintained: net sales $1.965-$2.015B, adjusted diluted EPS $8.50-$9.00, free cash flow $250-$270M.
- Brian Grass appointed permanent CFO effective Sept 23, 2023; base salary $600K, target bonus 85%, LTI target $1.6M.

## SEC filing metadata
- accession: 0000916789-23-000044
- form_type: 8-K
- ticker: HELE
- cik: 0000916789
- company_name: HELEN OF TROY LTD
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916789/000091678923000044/0000916789-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916789/000091678923000044/hele-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916789-23-000044
- JSON: https://secwatch.observer/filing/0000916789-23-000044.json
- Plain text: https://secwatch.observer/filing/0000916789-23-000044.txt

## Key facts
- Earnings Releases
  HELEN OF TROY LTD reported second quarter of fiscal 2024 results: revenue $491.6 million, EPS $1.14 per diluted share. Guidance reaffirmed.
  - Period: second quarter of fiscal 2024
  - Revenue: $491.6 million
  - EPS: $1.14 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: reported results for the three-month period ended August 31, 2023. Executive Summary – Second Quarter of Fiscal 2024 Compared to Fiscal 2023 • Consolidated net sales revenue of $491.6 million, a decrease of 5.7% • Gross profit margin improvement of 420 basis points to 46.7% compared to 42.5% • Operating margin of 9.5% compared to 9.0% • Non-GAAP adjusted operating
  evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678923000044/0000916789-23-000044-index.htm
- Executive change
  Brian L. Grass was appointed as Chief Financial Officer at HELEN OF TROY LTD.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On October 4, 2023, the Company announced the appointment by the Company’s Board of Directors of Brian L. Grass, age 53 , to serve as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of the Company, effective as of September 23, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678923000044/0000916789-23-000044-index.htm

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