Overview
- Multiple investor‑rights firms filed or announced class actions in early June 2026 and are soliciting Helen of Troy shareholders to join or seek appointment as lead plaintiff; the deadline to move for lead plaintiff is August 3, 2026.
- The complaints allege Helen of Troy repeatedly touted Project Pegasus as delivering major cost savings while downplaying implementation problems at a new Tennessee distribution center and lacking the resources and budget to meet targets.
- On July 10, 2025 the company disclosed Q1 fiscal 2026 net sales were down about 11%, adjusted EPS fell nearly 60%, and it took a $414.4 million goodwill impairment, a set of revelations that plaintiffs say triggered a roughly $7.04 per‑share, 22.7% stock drop.
- On October 9, 2025 CEO G. Scott Uzzell reported Q2 fiscal 2026 sales down 8.9% and adjusted EPS down 51% while citing ongoing disruptions and cost headwinds, a report that plaintiffs say coincided with an additional roughly $6.90 per‑share, 25% decline.
- Until a lead plaintiff is appointed and any class is certified investors are not represented by court‑approved counsel; the lawsuits seek damages for investor losses and could prompt extended litigation and scrutiny of the company’s restructuring disclosures and governance.