Helen of Troy Files Q1 FY25 10-Q
Ticker: HELE · Form: 10-Q · Filed: Jul 9, 2024 · CIK: 916789
Sentiment: neutral
Topics: 10-Q, financials, consumer-goods
TL;DR
HELE Q1 FY25 10-Q is IN. Check financials.
AI Summary
Helen of Troy Ltd. filed its 10-Q for the period ending May 31, 2024. The company reported financial results for the first quarter of fiscal year 2025. Key financial data and operational details for this period are detailed within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Helen of Troy, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures, but the overall risk level is medium due to the inherent volatility of consumer goods markets and potential economic headwinds.
Key Numbers
- 2024-05-31 — Fiscal Quarter End (Reporting period for the 10-Q filing.)
- 2024-02-28 — Fiscal Year End (The company's fiscal year concludes on this date.)
- 2023-05-31 — Prior Year Quarter End (Comparison point for financial performance.)
Key Players & Entities
- HELEN OF TROY LTD (company) — Filer
- 20240531 (date) — Period of Report
- 20240709 (date) — Filing Date
- 001-14669 (dollar_amount) — SEC File Number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is May 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on July 9, 2024.
What is Helen of Troy's fiscal year end?
Helen of Troy's fiscal year ends on February 28.
What is the SEC file number for Helen of Troy?
The SEC file number for Helen of Troy is 001-14669.
What SIC code is associated with Helen of Troy?
The Standard Industrial Classification (SIC) code associated with Helen of Troy is 3634, for Electric Housewares & Fans.
Filing Stats: 4,632 words · 19 min read · ~15 pages · Grade level 15.5 · Accepted 2024-07-09 07:00:36
Key Financial Figures
- $0.10 — nge on which registered Common Shares, $0.10 par value per share HELE The NASDAQ Sto
Filing Documents
- hele-20240531.htm (10-Q) — 1265KB
- fy25_q1xexhibit311.htm (EX-31.1) — 9KB
- fy25_q1xexhibit312.htm (EX-31.2) — 9KB
- fy25_q1xexhibit32.htm (EX-32) — 6KB
- hele-20240531_g1.jpg (GRAPHIC) — 49KB
- 0000916789-24-000030.txt ( ) — 7003KB
- hele-20240531.xsd (EX-101.SCH) — 38KB
- hele-20240531_cal.xml (EX-101.CAL) — 64KB
- hele-20240531_def.xml (EX-101.DEF) — 258KB
- hele-20240531_lab.xml (EX-101.LAB) — 591KB
- hele-20240531_pre.xml (EX-101.PRE) — 423KB
- hele-20240531_htm.xml (XML) — 1027KB
Financial Statements
Financial Statements 2 Note 1 - Basis of Presentation and Related Information 7 Note 2 - New Accounting Pronouncements 8 Note 3 - Accrued Expenses and Other Current Liabilities 8 Note 4 - Share-Based Compensation Plans 8 Note 5 - Repurchases of Common Stock 9 Note 6 - Restructuring Plan 10 Note 7 - Commitments and Contingencies 11 Note 8 - Long-Term Debt 13 Note 9 - Fair Value 14 Note 1 0 - Financial Instruments and Risk Management 15 Note 1 1 - Accumulated Other Comprehensive Income (Loss ) 18 Note 12 - Segment and Geographic Information 18 Note 1 3 - Income Taxes 19 Note 1 4 - Earnings Per Share 20 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 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 39 Item 4.
Controls and Procedures
Controls and Procedures 39 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 40 Item 1A.
Risk Factors
Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41 Item 5. Other Information 41 Item 6. Exhibits 42
SIGNATURES
SIGNATURES 43 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) May 31, 2024 February 29, 2024 Assets Assets, current: Cash and cash equivalents $ 16,148 $ 18,501 Receivables, less allowances of $ 7,511 and $ 7,481 328,097 394,536 Inventory 444,749 395,995 Prepaid expenses and other current assets 30,590 27,012 Income taxes receivable 11,979 7,874 Total assets, current 831,563 843,918 Property and equipment, net of accumulated depreciation of $ 178,319 and $ 169,021 334,417 336,646 Goodwill 1,066,730 1,066,730 Other intangible assets, net of accumulated amortization of $ 191,403 and $ 186,882 532,378 536,696 Operating lease assets 36,887 35,962 Deferred tax assets, net 3,781 3,662 Other assets 15,195 15,008 Total assets $ 2,820,951 $ 2,838,622 Liabilities and Stockholders' Equity Liabilities, current: Accounts payable $ 245,216 $ 245,349 Accrued expenses and other current liabilities 163,561 181,391 Income taxes payable 11,867 17,821 Long-term debt, current maturities 7,031 6,250 Total liabilities, current 427,675 450,811 Long-term debt, excluding current maturities 741,346 659,421 Lease liabilities, non-current 38,241 37,262 Deferred tax liabilities, net 52,036 41,253 Other liabilities, non-current 12,153 12,433 Total liabilities 1,271,451 1,201,180 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; 22,810,412 and 23,751,258 shares issued and outstanding 2,281 2,375 Additional paid in capital 350,200 348,739 Accumulated other comprehensive income 2,797 2,099 Retained earnings 1,194,222 1,284,229 Total stockholders' equity 1,549,500 1,637,442 Total liabilities and stockholders' equity $ 2,820,951 $ 2,838,622 See accompanying notes to condensed consolidated financ