The Portnoy Law Firm has announced a class action lawsuit on behalf of Helen of Troy Limited investors who purchased securities between May 13, 2025 and February 19, 2026. Investors have until August 4, 2026 to file a lead plaintiff motion. The lawsuit alleges that the company made false or misleading statements about its Project Pegasus restructuring program, which was supposed to improve efficiency and effectiveness but allegedly failed to deliver the touted benefits. The complaint points to several financial disclosures, including a 49% drop in earnings per share and a more than 20% reduction in full-year revenue outlook on July 9, 2024, a net sales decline of 11% and a nearly 60% decline in adjusted earnings per share along with a $414.4 million goodwill impairment on July 10, 2025, and an 8.9% year-over-year sales drop with a 51% fall in adjusted earnings per share on October 9, 2025, each triggering significant stock price declines.
Helen of Troy LtdClass action lawsuit alleging false statements about Project Pegasus restructuring, with multiple financial disclosures showing deteriorating results.