The Portnoy Law Firm has announced a class action lawsuit on behalf of investors who purchased Helen of Troy Limited securities between May 13, 2025 and February 19, 2026. The lawsuit alleges that the company made false or misleading statements about its Project Pegasus restructuring program, failing to disclose that it would not achieve the touted savings and efficiencies. Investors have until August 4, 2026 to file a lead plaintiff motion. The complaint points to several stock drops following disappointing financial results, including a nearly 28% decline on July 9, 2024 after a 49% year-over-year earnings per share decrease, a nearly 23% drop on July 10, 2025 after an 11% net sales decline and a $414.4 million goodwill impairment, and a 25% fall on October 9, 2025 after an 8.9% sales decline and a 51% drop in adjusted earnings per share.
Helen of Troy LtdClass action lawsuit alleging false statements about Project Pegasus restructuring, leading to stock drops.