---
schema_version: "secwatch.filing_event.v1"
accession: "0000916789-23-000046"
form_type: "8-K/A"
ticker: "HELE"
cik: "0000916789"
company_name: "HELEN OF TROY LTD"
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T05:07:38.508677+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Helen of Troy cuts Project Pegasus restructuring estimate to $60-65M; extends to FY2025

## Summary
- Original estimate of $85-95M now lowered to $60-65M; completion pushed from FY2024 to FY2025.
- Charges: severance $22-25M, professional fees $30M, contract termination $5M, other $3-5M.
- Segment breakdown: Home & Outdoor $17-19M, Beauty & Wellness $43-46M, mostly cash expenditures.
- Annualized pre-tax savings target remains $75-85M, ~60% COGS, ~40% SG&A, substantially achieved by FY2026.
- Savings cadence: 25% in FY2024, 50% in FY2025, 25% in FY2026.

## SEC filing metadata
- accession: 0000916789-23-000046
- form_type: 8-K/A
- ticker: HELE
- cik: 0000916789
- company_name: HELEN OF TROY LTD
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916789/000091678923000046/0000916789-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916789/000091678923000046/hele-20230929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916789-23-000046
- JSON: https://secwatch.observer/filing/0000916789-23-000046.json
- Plain text: https://secwatch.observer/filing/0000916789-23-000046.txt

## Key facts
- Restructurings & Charges
  HELEN OF TROY LTD announced a restructuring with charges of approximately $60 million to $65 million affecting all operating segments and shared services.
  - Type: restructuring
  - Charge: approximately $60 million to $65 million
  - Affected area: all operating segments and shared services
  source text: The Company now estimates lower total one-time pre-tax restructuring charges of approximately $60 million to $65 million over the duration of the plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678923000046/0000916789-23-000046-index.htm

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