Helen of Troy beat a Wall Street analyst estimate for its fourth quarter, as the company reported that the year closed out with key financial results coming in at the high end of its expectations.
Net loss was $55.6 million, or $2.41 per diluted share, versus net income of $50.9 million, or $2.22 per diluted share, in the year-earlier quarter. Adjusted for one-time events, net income decreased to $19.3 million from $53.4 million, while adjusted diluted earnings per share decreased to 83 cents from $2.33 from the year-prior period, the company reported.
A Zacks Investment Research analyst consensus estimate called for adjusted diluted earnings per share of 66 cents on revenues of $453.8 million.
Net revenue was $470 million versus $485.9 million in the year-previous quarter. Operating loss was $51 million versus operating income of $2 million in the period a year before, while adjusted operating income was $39.2 million versus $75 million.
In the quarter, Helen of Troy’s Home & Outdoor segment — including Oxo kitchenware (pictured above), Hydro Flask beverageware and Osprey outdoor travel gear — posted a net revenue decline of 1.5%, to $216.5 million year over year. The decline, the company said, was primarily driven by continued competition, softer consumer demand, lower replenishment orders, and the unfavorable comparative impact of seasonal and holiday retail placement in the year-past period in the insulated beverageware category. The period was also impacted by a decrease in online channel sales in the home category, due mostly to the unfavorable impact of retailer pull-forward activity in the fourth quarter of fiscal 2025 because of tariff uncertainty and anticipated supply disruption, Helen of Troy reported.
Operating income was $16.7 million versus $32.3 million in the year-past period, while adjusted operating income was $22.6 million versus $39.3 million.
The Beauty & Wellness segment — including Revlon hair appliances, Honeywell home environment appliances, Vicks and Braun health care products and PUR water filters —posted a net revenue decline of 4.7% to $253.5 million in the quarter year over year. The decline, according to Helen of Troy, was driven mainly by a decrease from organic business of $23.7 million resulting in part from a decrease in wellness as a result of stop-shipment actions in support of consistent adoption of price increases by retail partners and lower replenishment orders from retail customers in response to softer demand trends, as well as a decrease in beauty mostly the result of softer consumer demand, increased competition and lower replenishment orders in addition to the effect of a below average illness season on the humidification category. Increase in thermometry and mass beauty, plus organic growth from Olive & June, partially offset the decreases.
Operating loss was $67.7 million versus $30.3 million in the year-past quarter, while adjusted operating income was $16.7 million versus $35.8 million.
For the full fiscal year, net loss was $899 million, or $39.08 per diluted share, versus net income of $123.8 million, or $5.37 per diluted share, in the year earlier.
Adjusted net income decreased to $82.1 million from $165.4 million, while adjusted diluted earnings per share slipped to $3.55 from $7.17 in the fiscal year prior, the company noted.
Net revenue was $1.79 billion versus $1.91 billion in the year previous. Operating loss was $782.1 million versus operating income of $142.7 million in the year before, while adjusted operating income was $39.2 million versus $75 million.
In its outlook for the current fiscal year, Helen of Troy called for consolidated net sales of $1.75 billion to $1.82 billion, GAAP diluted earnings per share of $3.57 to $4.18 and adjusted diluted EPS of $3.25 to $3.75.
G Scott Uzzell, Helen of Troy CEO, said, “We closed fiscal 2026 with net sales, adjusted EPS, and cash flow at the better end of our expectations, reflecting our initial steps to stabilize brand performance and improve our financial position during a dynamic year. We are focused on restoring brand momentum by investing in our product innovation, people and digital capabilities, while emphasizing working capital efficiency and balance sheet productivity. We believe fiscal 2027 marks a pivotal shift as we transition to a growth-first mindset, positioning us for long‑term shareholder value creation.”
