{"id":970229,"date":"2026-06-03T12:34:23","date_gmt":"2026-06-03T16:34:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-helen-of-troy-limited-hele\/"},"modified":"2026-06-03T12:34:23","modified_gmt":"2026-06-03T16:34:23","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-helen-of-troy-limited-hele","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-helen-of-troy-limited-hele\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Helen of Troy Limited (HELE)"},"content":{"rendered":"
\n

NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas on behalf of all persons or entities who purchased or otherwise acquired Helen of Troy Limited (\u201cHelen of Troy\u201d or the \u201cCompany\u201d) (NASDAQ: HELE) securities between April 24, 2024, and October 8, 2025, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that throughout the Class Period, which begins shortly after Noel Geoffroy became CEO, the Company boasted about the \u201cfuel\u201d it was generating from Project Pegasus. The Complaint alleges that although the Company admitted to some speed bumps in Project Pegasus, specifically citing \u201cimplementation hiccups\u201d with its new Tennessee distribution center, Defendants assured investors that \u201cdespite the delayed savings related to our Tennessee distribution center, Project Pegasus continues to move forward, we have made good progress on the cost of goods sold work streams, implementing multiple projects that reduce costs and simplify our supplier base.\u201d<\/p>\n

The Complaint alleges that Project Pegasus was not delivering the efficiencies that Defendants touted. The Complaint continues to allege that rather, unknown to investors, Helen of Troy did not have enough resources or the budget to achieve its stated restructuring or savings goals.<\/p>\n

The Complaint further alleges that the truth began to emerge on July 9, 2024, when the Company announced its results for the first quarter of 2025, reporting that earnings per share had declined by a staggering 49% from the prior year, and reducing full-year revenue outlook by over 20%. The Complaint also alleges that the Company attributed the poor financial results to an \u201cunusual number of internal and external challenges,\u201d delaying the long-awaited delivery of savings from the Company\u2019s strategic plan. The Complaint alleges that as a result of these disclosures, the price of the Company\u2019s shares declined by $24.68 per share, or 27.7%.<\/p>\n

Investors who purchased or otherwise acquired shares of Helen of Troy should contact the Firm prior to the August 3, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
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\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas on behalf of all persons or entities who purchased or otherwise acquired Helen of Troy Limited (\u201cHelen of Troy\u201d or the \u201cCompany\u201d) (NASDAQ: HELE) securities between April 24, 2024, and October 8, 2025, inclusive (the \u201cClass Period\u201d). The Complaint alleges that throughout the Class Period, which begins shortly after Noel Geoffroy became CEO, the Company boasted about the \u201cfuel\u201d it was generating from Project Pegasus. The Complaint alleges that although the Company admitted to some speed bumps in Project Pegasus, specifically citing \u201cimplementation hiccups\u201d with its … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Helen of Troy Limited (HELE)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-970229","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Helen of Troy Limited (HELE) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-helen-of-troy-limited-hele\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Helen of Troy Limited (HELE) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas on behalf of all persons or entities who purchased or otherwise acquired Helen of Troy Limited (\u201cHelen of Troy\u201d or the \u201cCompany\u201d) (NASDAQ: HELE) securities between April 24, 2024, and October 8, 2025, inclusive (the \u201cClass Period\u201d). 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