Hagens Berman announces investigation into Helen of Troy (HELE)

SAN FRANCISCO, CA / ACCESSWIRE / July 17, 2024 / Hagens Berman calls on Helen of Troy Ltd. (NASDAQ: HELI) Investors who have suffered significant losses are asked to report their losses now. The company also urges anyone with knowledge who may be able to assist in the investigation to contact its attorneys.

Visit: www.hbsslaw.com/investor-fraud/hele

Contact the company now: (email protected)

844-916-0895

Investigation into Helen of Troy Ltd. (HELE):

Helen of Troy Ltd. (HELE) is facing increasing scrutiny regarding the progress of its restructuring plan, particularly the functionality of its recently opened distribution center in Galloway, Tennessee.

Company officials, including CEO Noel Geoffroy, had previously positioned the Tennessee facility, touted as “state-of-the-art,” as a cornerstone of their strategy to deliver organic revenue growth and margin expansion. Public statements, such as one on April 24, 2024, emphasized the distribution center’s role in that plan.

However, questions arose on July 9, 2024, when Helen of Troy’s first quarter 2025 earnings report significantly disappointed investors. The company’s organic net sales for the first quarter of 2025 decreased 12.2% year-over-year, while consolidated GAAP operating margin for the same period decreased to 7.4%, below the prior year.

Management attributed the weak performance primarily to problems in the Home & Outdoor business segment. According to a company statement, “supply disruptions at the company’s Tennessee distribution center due to automation ramp-up issues” negatively impacted “some of the segment’s small retail customers and direct orders.”

In addition, Helen of Troy lowered its 2025 revenue forecast, citing ongoing issues at its Tennessee facility as one of the reasons. This news sparked a massive sell-off, with Helen of Troy’s stock price plunging over 27% on July 9, 2024.

“The recent performance issues raise questions about the transparency regarding the capabilities of the Tennessee distribution center,” said Reed Kathrein, a partner at Hagens Berman, a law firm specializing in securities litigation. “We are currently evaluating whether investors were given an accurate picture of the potential risks of the new facility.”

If you have invested in Helen of Troy and suffered significant losses, report your losses to us now. »

If you would like more information about the investigation into the Helen of Troy case, read on »

Whistleblower: Anyone with nonpublic information about Helen of Troy should explore their options to assist in the investigation or use the SEC’s Whistleblower Program. Under the new program, whistleblowers who provide original information can receive rewards of up to 30 percent of any successful SEC recovery. For more information, contact Reed Kathrein at 844-916-0895 or E-Mail (email protected).

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About Hagens Berman
Hagens Berman is a global complex plaintiffs’ rights litigation firm with a focus on corporate responsibility. The firm has a robust practice representing investors as well as whistleblowers, employees, consumers and others in cases that achieve real results for those harmed by corporate negligence and other wrongdoing. Hagens Berman’s team has won more than $2.9 billion in this area of ​​law. For more information about the firm and its successes, visit hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP