Investigation announced for Investors in Helen of Troy Limited (NASDAQ: HELE) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Helen of Troy Limited.

Investors who purchased shares of Helen of Troy Limited (NASDAQ: HELE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Helen of Troy Limited officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

El Paso, TX based Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Helen of Troy Limited reported that its Total Revenue declined from over $2.07 billion for the 12 months period that ended on February 28, 2023, to over $2.005 billion for the 12 months period that ended on February 29, 2024, and that its Net Income increased over those respective time periods from $143.27 million to $168.59 million.

On July 9, 2024, Helen of Troy Limited announced its first-quarter revenue and profits, simultaneously slashing its full-year outlook for sales and earnings. Following this news, the Company's stock experienced a sharp decline, plummeting by 27% in pre-market trading.

Shares of Helen of Troy Limited (NASDAQ: HELE) declined from 127.83 per share on February 28, 2024, to as low as $54.82 per share on July 25, 2024.

Those who purchased shares of Helen of Troy Limited (NASDAQ: HELE) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.