Consolidated Net Sales Fall 10.8% for Helen of Troy in Q1 ’26

Consolidated net sales fell 10.8% for Helen of Troy in Q1 2026 (the three-month period ended May 31, 2025) from $416.8 million in the prior-year quarter to $371.7 million.

Timothy F. Meeker, Chairman of the Board of Directors, blamed the lack of a permanent CEO on the company’s subpar perform.

“The board’s process to identify our next CEO is well underway with the support of a leading global executive search firm and we are encouraged by the progress thus far,” he said. “We continue to prioritize selecting a CEO who has demonstrated success in leading a highly diversified global organization, has the ability to bolster our brands and inspire top talent to capitalize on Helen of Troy’s growth opportunities, and who closely aligns with our strong belief that Helen of Troy has tremendous potential. As we continue our search, we have confidence in our interim CEO Brian Grass, his dedication to Helen of Troy and his commitment to improving our company’s performance.”

Brian L. Grass, interim CEO, said the company is focused on improving its go-to-market effectiveness, simplifying operations and refocusing on innovation for more product-driven growth, among other things.

“It is clear that we have to get back to fundamentals and move with greater speed,” he said.
Tariff-related impacts were also to blame, which comprise roughly eight percentage points of the 10.8% consolidated revenue decline officials said.

“We are encouraged by underlying business improvements we saw in the quarter including US point-of-sale unit growth in eight out of our 11 key brands, growth in our DTC business, Osprey and Curlsmith, and contribution from Olive & June ahead of our expectations,” said Grass. “I am also pleased with the progress we are making to mitigate the impact of tariffs, and we now believe we can reduce our fiscal 2026 net tariff impact on operating income to less than $15 million based on tariffs currently in place.”

Beauty & Wellness

Beauty & Wellness net sales revenue decreased $24.7 million, or 11.3%, to $193.7 million, compared to $218.4 million the prior-year quarter. The decrease was primarily driven by a decrease from organic business of $50.3 million, or 23.0%, primarily due to a decline in international thermometry due to evolving dynamics in the China market, including a shift away from cross-border ecommerce toward localized fulfillment models, heightened competition from domestic sellers benefiting from government subsidies and a weaker illness season in Asia, among other things.

The organic business decline was also partially offset by the contribution from the acquisition of Olive & June of $26.8 million, or 12.3%, to segment net sales revenue, officials said.

Consolidated net sales for Q2 2026 are projected to be $408-$432 million.