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Our Company We incorporated as Helen of Troy Corporation in Texas in 1968 and were reorganized as Helen of Troy Limited in Bermuda in 1994. We are a leading global consumer products company offering creative products and solutions for our customers through a diversified portfolio of brands.
The business is unprofitable at the operating level (-43.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.4% YoY. Margins deteriorated 51.3pp alongside, both lines moving the wrong way.
ROIC dropped from 4.52% to -28.84%, capital efficiency is deteriorating. Net debt of $822M represents 6.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.79B
▼ -6.4% YoY
Net Income (TTM)
-$899M
▼ -826.4% YoY
Op. Margin
-43.78%
▼ -51.3pp YoY
ROIC
-28.84%
▼ -33.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$132M
▲ +58.7% YoY
Op. Cash Flow (TTM)
$171M
▲ +51.2% YoY
Net Debt
$822M
Cash & Equiv.
$19M
5Y CAGR: -3.2%
5Y CAGR: -9.3%
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