Helen of Troy Limited reported a decline in consolidated net sales of 3.4% for the third quarter of fiscal 2026 compared to the previous year.
The company's GAAP diluted loss per share was $3.65, while the adjusted diluted EPS was $1.71.
Key brands like OXO, Osprey, and Olive & June showed revenue growth, and the company focused on innovation and brand loyalty despite challenges.
Consolidated Net Sales Decline
Consolidated net sales decreased by 3.4% in the third quarter of fiscal 2026 compared to the previous year.
GAAP Diluted Loss Per Share
The GAAP diluted loss per share was $3.65, showcasing the financial challenges faced by the company.
Positive Progress and Focus Areas
The company highlighted progress in key brand revenue growth, innovation investments, and consumer-centric strategies.
- The decline in net sales was driven by various factors, including a significant decrease in Organic business revenue and challenges in international markets like China.
- Gross profit margin decreased primarily due to higher tariffs and inventory obsolescence impacts, partially offset by the impact of acquisitions and lower costs.
- Operating margin turned negative due to non-cash asset impairment charges and operating losses, reflecting the tough business environment.
Despite facing challenges and reporting a decline in net sales, Helen of Troy Limited is focusing on strategic priorities like brand growth and consumer-centric initiatives to drive long-term value creation.