Helen of Troy Files 2024 Annual Report

Ticker: HELE · Form: 10-K · Filed: Apr 24, 2024 · CIK: 916789

Sentiment: neutral

Topics: annual-report, financials

Related Tickers: HELE

TL;DR

HELE filed its 2024 10-K. Check financials.

AI Summary

Helen of Troy Limited (HELE) filed its annual report for the fiscal year ended February 29, 2024. The company, incorporated in Bermuda with its principal executive offices in El Paso, Texas, is registered with the SEC under file number 001-14669. Its common shares are traded on The NASDAQ Stock Market LLC under the symbol HELE.

Why It Matters

This filing provides investors with a comprehensive overview of Helen of Troy's financial performance and business operations for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual report filing, providing factual information about the company's operations and financials.

Key Numbers

Key Players & Entities

FAQ

What is the company's fiscal year end?

The company's fiscal year ended on February 29, 2024.

Where is Helen of Troy Limited incorporated?

Helen of Troy Limited is incorporated in Bermuda.

What is the commission file number for Helen of Troy Limited?

The commission file number is 001-14669.

On which exchange are Helen of Troy's common shares traded?

Helen of Troy's common shares are traded on The NASDAQ Stock Market LLC.

What is the trading symbol for Helen of Troy Limited?

The trading symbol is HELE.

Filing Stats: 4,390 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-04-24 07:01:04

Key Financial Figures

Filing Documents

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 29 Item 1C. Cybersecurity 29 Item 2.

Properties

Properties 30 Item 3.

Legal Proceedings

Legal Proceedings 31 Item 4. Mine Safety Disclosures 32 PART II Item 5. Market for Registrant's Common Equity, Related S tock holder Matters and Issuer Purchases of Equity Securities 33 Item 6. [Reserved] 35 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 64 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 66 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 114 Item 9A.

Controls and Procedures

Controls and Procedures 114 Item 9B. Other Information 114 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 114 PART III Item 10. Directors, Executive Officers and Corporate Governance 115 Item 11.

Executive Compensation

Executive Compensation 115 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 115 Item 13. Certain Relationships and Related Transactions, and Director Independence 115 Item 14. Principal Account ant Fees and Services 115 PART IV Item 15. Exhibit and Financial Statement Schedules 116 Item 16. Form 10-K Summary 117

Signatures

Signatures 118 1 Table of Contents EXPLANATORY NOTE In this Annual Report on Form 10-K (the "Annual Report"), which includes the accompanying consolidated financial statements and notes, unless otherwise indicated or the context suggests otherwise, references to "the Company", "our Company", "Helen of Troy", "we", "us", or "our" refer to Helen of Troy Limited and its subsidiaries. We refer to our common shares, par value $0.10 per share, as "common stock." References to "EMEA" refer to the combined geographic markets of Europe, the Middle East and Africa. We use product and service names in this Annual Report for identification purposes only and they may be protected in the United States and other jurisdictions by trademarks, trade names, service marks, and other intellectual property rights of ours and other parties. The absence of a specific attribution in connection with any such mark does not constitute a waiver of any such right. All trademarks, trade names, service marks, and logos referenced herein belong to their respective owners. References to "fiscal" in connection with a numeric year number denotes our fiscal year ending on the last day of February, during the year number listed. References to "the FASB" refer to the Financial Accounting Standards Board. References to "GAAP" refer to accounting principles generally accepted in the United States of America (the "U.S."). References to "ASU" refer to the codification of GAAP in the Accounting Standards Updates issued by the FASB. References to "ASC" refer to the codification of GAAP in the Accounting Standards Codification issued by the FASB. 2 Table of Contents PART I

Business

Item 1. Business Our Company We incorporated as Helen of Troy Corporation in Texas in 1968 and were reorganized as Helen of Troy Limited in Bermuda in 1994. We are a leading global consumer products company offering creative products and solutions for our customers through a diversified portfolio of brands. We have built leading market positions through new product innovation, product quality and competitive pricing. We go to market under a number of brands, some of which are licensed. Our Leadership Brands are brands which have leading positions in their respective categories and include the OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools and Drybar brands. Segment Information We currently operate in two business segments: Home & Outdoor: Offers a broad range of outstanding world-class brands that help consumers enjoy everyday living inside their homes and outdoors. Our innovative products for home activities include food preparation and storage, cooking, cleaning, organization, and beverage service. Our outdoor performance range, on-the-go food storage, and beverageware includes lifestyle hydration products, coolers and food storage solutions, backpacks, and travel gear. Sales for this global segment are primarily to online and brick & mortar retailers and through our direct-to-consumer channel. Beauty & Wellness: Provides consumers with a broad range of outstanding world-class brands for beauty and wellness. In Beauty, we deliver innovation through products such as hair styling appliances, grooming tools, and liquid and aerosol personal care products that help consumers look and feel more beautiful. In Wellness, we are there when you need us most with highly regarded humidifiers, thermometers, water and air purifiers, heaters, and fans. Sales for this global segment are primarily to online and brick & mortar retailers, distributors, and through our direct-to-consumer channel. For more segment and geographic information concerning our

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