Quarterly ResultJul 8, 2026, 07:07 AM
Helen of Troy Q1 Net Income $35.8M; Sales $402.1M
AI Summary
Helen of Troy Limited reported a net income of $35.76 million for the first quarter of fiscal 2027, a significant turnaround from a net loss of $450.72 million in the prior year, primarily due to the absence of asset impairment charges and a $54.9 million gain on the sale of a distribution facility. Sales revenue increased to $402.12 million from $371.66 million. The company also reduced long-term debt and recognized $1.9 million in tariff refunds.
Key Highlights
- Net income for Q1 2027 was $35.76 million, compared to a net loss of $450.72 million in Q1 2026.
- Sales revenue increased to $402.12 million in Q1 2027 from $371.66 million in Q1 2026.
- Recognized a $54.9 million gain on the sale of a distribution facility in Southaven, Mississippi.
- Long-term debt, excluding current maturities, decreased to $691.15 million from $755.81 million.
- No asset impairment charges were recognized in Q1 2027, compared to $414.39 million in Q1 2026.
- Cash and cash equivalents increased to $21.68 million from $18.89 million at February 28, 2026.
- Recognized $1.9 million in tariff refunds as probable of recovery in Q1 2027.
- Paid $5.0 million in contingent consideration for the Olive & June acquisition.
Price Impact
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