The Law Offices of Frank R. Cruz Announces Investigation of Helen of Troy Limited (HELE) on Behalf of Investors

Business Wire 10-Jul-2024 5:25 PM

The Law Offices of Frank R. Cruz announces an investigation of Helen of Troy Limited ("Helen of Troy" or the "Company") (NASDAQ:HELE) on behalf of investors concerning the Company's possible violations of federal securities laws.

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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.

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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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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