The law firm said a class action targets Helen of Troy over alleged misstatements tied to Project Pegasus and a July 9, 2024 earnings miss that the complaint says sent shares down 27.7%.
Bragar Eagel & Squire, P.C. said a class action lawsuit has been filed against Helen of Troy Limited in the United States District Court for the Western District of Texas on behalf of investors who purchased or acquired Helen of Troy common stock between April 24, 2024, and October 8, 2025. Investors have until August 3, 2026 to seek appointment as lead plaintiff. The complaint alleges the company overstated the benefits of Project Pegasus, a restructuring initiative, and failed to disclose that it lacked the resources and budget needed to meet its stated restructuring or savings goals. It says the alleged truth began to emerge on July 9, 2024, when Helen of Troy reported first-quarter 2025 results showing earnings per share down 49% from the prior year and cut its full-year revenue outlook by more than 20%, attributing the weakness to an “unusual number of internal and external challenges.” The complaint says those disclosures drove the stock down $24.68, or 27.7%.