Helen of Troy Ltd. Files 10-Q for Period Ending November 30, 2023

TL;DR

<b>Helen of Troy Ltd. has filed its Q3 2024 10-Q report, detailing financial performance up to November 30, 2023.</b>

AI Summary

HELEN OF TROY LTD (HELE) filed a Quarterly Report (10-Q) with the SEC on January 8, 2024. Helen of Troy Ltd. filed a 10-Q report for the period ending November 30, 2023. The filing covers the third quarter of fiscal year 2024. The company's fiscal year ends on February 28. The filing was made on January 8, 2024. The company's SIC code is 3634 (Electric Housewares & Fans).

Why It Matters

For investors and stakeholders tracking HELEN OF TROY LTD, this filing contains several important signals. This filing provides investors with the latest financial performance data for Helen of Troy Ltd., crucial for assessing the company's current health and future prospects. Understanding the details within this 10-Q is essential for making informed investment decisions regarding HELE stock.

Risk Assessment

Risk Level: low — HELEN OF TROY LTD shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant new financial information or material changes that would elevate the risk level.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand the company's performance trends and outlook.

Key Numbers

• 20231130 — Period End Date (Quarterly report period)
• 20240108 — Filing Date (Date the report was filed)
• 0228 — Fiscal Year End (Company's fiscal year end date)
• 3634 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• HELEN OF TROY LTD (company) — Filer name
• HELE (company) — Ticker symbol
• 0000916789 (company) — Central Index Key
• 20231130 (date) — Period of report
• 20240108 (date) — Filed as of date
• 3634 (industry) — Standard Industrial Classification
• 915-225-8000 (phone) — Business phone
• USD (currency) — Currency used in filing

FAQ

Industry Context

Helen of Troy Ltd. operates within the Electric Housewares & Fans industry (SIC 3634), manufacturing and marketing a range of consumer products.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow trends.
2. Review any management discussion and analysis (MD&A) for insights into performance drivers and future outlook.
3. Compare key financial metrics to previous periods and industry benchmarks.

Key Dates

• 2024-01-08: 10-Q Filing — Report for period ending November 30, 2023

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending November 30, 2023, following the previous fiscal year-end report.

Key Financial Figures

• $0.10 — nge on which registered Common Shares, $0.10 par value per share HELE The NASDAQ Sto

Filing Documents

• hele-20231130.htm (10-Q) — 1998KB
• fy24_q3xexhibit311.htm (EX-31.1) — 9KB
• fy24_q3xexhibit312.htm (EX-31.2) — 9KB
• fy24_q3xexhibit32.htm (EX-32) — 6KB
• hele-20231130_g1.jpg (GRAPHIC) — 49KB
• 0000916789-24-000004.txt (&nbsp;) — 9144KB
• hele-20231130.xsd (EX-101.SCH) — 44KB
• hele-20231130_cal.xml (EX-101.CAL) — 77KB
• hele-20231130_def.xml (EX-101.DEF) — 325KB
• hele-20231130_lab.xml (EX-101.LAB) — 713KB
• hele-20231130_pre.xml (EX-101.PRE) — 493KB
• hele-20231130_htm.xml (XML) — 1502KB

Financial Statements

Financial Statements 2 Note 1 - Basis of Presentation and Related Information 8 Note 2 - New Accounting Pronouncements 9 Note 3 - G ain on Sale of Distribution and Office Facilities 10 Note 4 - Acquisition of Curlsmith 11 Note 5 - Accrued Expenses and Other Current Liabilities 13 Note 6 - Share-Based Compensation Plans 13 Note 7 - Repurchases of Common Stock 14 Note 8 - Restructuring Plan 14 Note 9 - Commitments and Contingencies 17 Note 10 - Long-Term Debt 19 Note 11 - Fair Value 20 Note 12 - Financial Instruments and Risk Management 21 Note 13 - Accumulated Other Comprehensive Income (Loss ) 25 Note 14 - Segment Information 25 Note 15 - Income Taxes 26 Note 16 - Earnings Per Share 27 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 55 Item 4.

Controls and Procedures

Controls and Procedures 55 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 55 Item 1A.

Risk Factors

Risk Factors 55 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 56 Item 5. Other Information 56 Item 6. Exhibits 57

SIGNATURES

SIGNATURES 58 1 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS HELEN OF TROY LIMITED AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) (in thousands, except shares and par value) November 30, 2023 February 28, 2023 Assets Assets, current: Cash and cash equivalents $ 25,247 $ 29,073 Receivables, less allowances of $ 6,879 and $ 1,678 463,323 377,604 Inventory 426,026 455,485 Prepaid expenses and other current assets 29,535 24,721 Income taxes receivable 12,307 5,158 Total assets, current 956,438 892,041 Property and equipment, net of accumulated depreciation of $ 162,207 and $ 178,961 335,302 351,793 Goodwill 1,066,730 1,066,479 Other intangible assets, net of accumulated amortization of $ 182,434 and $ 168,574 541,064 553,883 Operating lease assets 37,930 38,751 Deferred tax assets, net 2,972 2,781 Other assets 11,850 7,987 Total assets $ 2,952,286 $ 2,913,715 Liabilities and Stockholders' Equity Liabilities, current: Accounts payable $ 293,050 $ 190,598 Accrued expenses and other current liabilities 231,516 200,718 Income taxes payable 12,915 14,778 Long-term debt, current maturities 6,235 6,064 Total liabilities, current 543,716 412,158 Long-term debt, excluding current maturities 729,413 928,348 Lease liabilities, non-current 39,256 42,672 Deferred tax liabilities, net 40,803 28,048 Other liabilities, non-current 12,820 13,678 Total liabilities 1,366,008 1,424,904 Commitments and contingencies Stockholders' equity: Cumulative preferred stock, non-voting, $ 1.00 par. Authorized 2,000,000 shares; none issued — — Common stock, $ 0.10 par. Authorized 50,000,000 shares; 23,744,593 and 23,994,405 shares issued and outstanding 2,374 2,399 Additional paid in capital 340,351 317,277 Accumulated other comprehensive income 2,058 4,947 Retained earnings 1,241,495 1,164,188 Total stockholders' equity 1,586,278 1,488,811 Total liabilities and stockholders' equity $ 2,952,286 $ 2,913,715 See accompanying notes to condensed consolidated fi

View Full Filing

View this 10-Q filing on SEC EDGAR