secwatch.observer — SEC 8-K summary
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Issuer:     HELEN OF TROY LTD (HELE)
CIK:        0000916789
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0000916789-24-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helen of Troy Q1 adj EPS $0.99 vs $1.94; cuts FY adj EPS guidance to $7.00-$7.50
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- Net sales $416.8M, down 12.2% YoY; Home & Outdoor -8.6%, Beauty & Wellness -15.2%.
- GAAP diluted EPS $0.26 vs $0.94; adjusted diluted EPS $0.99 vs $1.94; gross margin +330 bps to 48.7%.
- Cuts FY25 outlook: revenue $1.885B-$1.935B, adjusted EPS $7.00-$7.50, adj EBITDA $287M-$297M.
- Free cash flow $16.2M vs $109.2M; repurchased 1.01M shares for $100M in Q1.
- Cites internal (TN distribution automation issues, Curlsmith integration) and external headwinds (softer demand, promotion).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916789/000091678924000029/0000916789-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916789/000091678924000029/hele-20240709.htm
  HTML page:      https://secwatch.observer/filing/0000916789-24-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer