Helen of Troy Limited, a global marketer of branded consumer products, has reported its first quarter fiscal 2026 results. The company's consolidated net sales revenue decreased by 10.8% to $371.7 million, down from $416.8 million in the same period of fiscal 2025. The gross profit margin also saw a decline, moving to 47.1% from 48.7% in the previous year. The GAAP diluted loss per share was reported at $19.65, a significant drop compared to diluted earnings per share of $0.26 in the prior year. Additionally, the non-GAAP adjusted diluted earnings per share fell to $0.41 from $0.99. Operating margin faced a sharp decline, recording (109.5)% due to non-cash asset impairment charges of $414.4 million, compared to 7.4% in fiscal 2025. The non-GAAP adjusted operating margin decreased to 4.3% from 10.3%. Despite these declines, net cash provided by operating activities increased to $58.3 million, compared to $25.3 million in the previous year. The non-GAAP adjusted EBITDA margin was 6.9%, down from 12.6%. Looking ahead, Helen of Troy Limited provided a second-quarter fiscal 2026 outlook, projecting consolidated net sales between $408 million and $432 million and adjusted diluted earnings per share ranging from $0.45 to $0.60. The company is actively working to mitigate the impact of tariffs, expecting to reduce the fiscal 2026 net tariff impact on operating income to less than $15 million. The Board of Directors is in the process of identifying a new CEO, with progress being made with the aid of a global executive search firm.