May 31

Helen of Troy Q1 2026 Earnings Report

Helen of Troy reported a significant net loss in Q1 2026 due to impairment charges despite some brand growth.

Key Takeaways

Helen of Troy experienced a 10.8% revenue decline and a $450.7M net loss in Q1 2026, mainly due to non-cash asset impairment charges. However, adjusted EPS remained positive, reflecting operational resilience in parts of the business.

Total Revenue
$372M
Previous year: $417M
-10.8%
EPS
$0.41
Previous year: $0.99
-58.6%
Organic revenue decline
-17%
Adjusted EBITDA
$25.5M
Previous year: $52.4M
-51.3%
A/R turnover (days)
69.7
Previous year: 67.4
+3.4%
Gross Profit
$175M
Previous year: $203M
-13.8%
Cash and Equivalents
$22.7M
Previous year: $16.1M
+40.4%
Free Cash Flow
$45M
Previous year: $16.2M
+178.0%
Total Assets
$2.65B
Previous year: $2.82B
-6.0%

Helen of Troy

Helen of Troy

Helen of Troy Revenue by Segment

Helen of Troy Revenue by Geographic Location

Revenue by Segment

Home & Outdoor Revenue

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Beauty & Wellness Revenue

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Revenue by Geographic Location

US Revenue

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International Revenue

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Forward Guidance

For Q2 FY26, Helen of Troy expects revenue between $408M and $432M and adjusted EPS of $0.45–$0.60, reflecting ongoing macro and tariff pressures offset by mitigation efforts.

Positive Outlook

  • Cost reduction measures continue to yield results
  • Tariff impact expected to be reduced to under $15M
  • Production is being diversified outside China
  • Sales growth expected from Olive & June acquisition
  • Free cash flow generation has improved YoY

Challenges Ahead

  • Revenue guidance implies YoY decline of up to 14%
  • Continued softness in discretionary spending
  • Higher promotional activity expected
  • Ongoing competitive pressure in China
  • Unfavorable operating leverage impacting margins

Revenue & Expenses

Visualization of income flow from segment revenue to net income