Robbins LLP has filed a class action on behalf of investors who purchased Helen of Troy Limited common stock between April 24, 2024 and October 8, 2025. The lawsuit alleges the company misled investors about the effectiveness of Project Pegasus, a global restructuring program aimed at improving efficiency and effectiveness. According to the complaint, Helen of Troy lacked sufficient resources and budget to achieve its stated restructuring and savings goals, and the initiative did not deliver the touted efficiencies. The suit points to a July 10, 2025 disclosure of an 11% year-over-year net sales decline and a $414.4 million goodwill impairment, which caused shares to drop 22.7%, followed by an October 9, 2025 announcement of an 8.9% sales decline and a 51% drop in adjusted earnings per share, leading to a further 25% stock decline. Shareholders have until August 3, 2026 to seek lead plaintiff status.
Helen of Troy LtdClass action lawsuit alleges misleading statements about Project Pegasus restructuring, leading to sales declines and goodwill impairment.