BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith announces an investigation on behalf of Helen of Troy Limited (“Helen of Troy” or the “Company”) (NASDAQ: HELE) investors concerning the Company’s possible violations of federal securities laws.
On July 9, 2024, Helen of Troy released its first quarter fiscal 2025 financial results, reporting that “net sales revenue decreased $57.8 million, or 12.2%, to $416.8 million, compared to $474.7” the year prior. The Company also reported that the decline was partly attributable to “lower replenishment orders from retail customers and the impact of the shipping disruption at the Company’s Tennessee distribution facility due to automation startup issues affecting some of the segment’s small retail customer and direct-to-consumer orders.”
On this news, Helen of Troy’s stock price fell $24.68, or 27.7%, to close at $64.33 per share on July 9, 2024, thereby injuring investors.
If you purchased Helen of Troy securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
