Helen of Troy (HELE) Q1 FY 2026 Earnings Call
Helen of Troy (NASDAQ: HELE) reported a challenging Q1 FY 2026, with net sales falling 10.8% year-over-year to \$371.7 million and adjusted EPS dropping to \$0.41 from \$0.99 last year. A GAAP net loss of \$450.7 million (–\$19.65 per share) reflected a \$414 million non-cash impairment charge. Gross margins narrowed to 47.1%, while adjusted operating margins fell to 4.3%. Despite these headwinds, the company generated strong free cash flow of \$45 million and saw positive unit growth in key brands like Osprey and Curlsmith. Tariff pressures accounted for roughly 8 percentage points of the sal…