海伦特洛伊家电 2024年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K HELEN OF TROY LIMITED Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting and non-voting common shares held by non-affiliates of the registrant as of August 31,2024, based upon the closing price of the common shares as reported by The NASDAQ Global Select Market on such date, wasapproximately $1,212.9 million. As of April 17, 2025, there were 22,942,650 common shares, $0.10 par value per share, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the 2025 Annual General Meeting of Shareholders to be filed within one hundred and twentydays of the fiscal year ended February 28, 2025 (2025 Proxy Statement) are incorporated by reference into Part III of this report tothe extent described herein. Table of Contents TABLE OF CONTENTS PAGE PART IItem 1.Business3Item 1A.Risk Factors12Item 1B.Unresolved Staff Comments31Item 1C.Cybersecurity31Item 2.Properties33Item 3.Legal Proceedings33Item 4.Mine Safety Disclosures34 PART IIItem 5.Market for Registrant's Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities35Item 6.[Reserved]37Item 7.Management's Discussion and Analysis of Financial Condition and Results ofOperations38Item 7A.Quantitative and Qualitative Disclosures About Market Risk68Item 8.Financial Statements and Supplementary Data71Item 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure126Item 9A.Controls and Procedures126Item 9B.Other Information126Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections126 PART IIIItem 10.Directors, Executive Officers and Corporate Governance127Item 11.Executive Compensation127Item 12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters127Item 13.Certain Relationships and Related Transactions, and Director Independence127Item 14.Principal Accountant Fees and Services127PART IVItem 15.Exhibitsand Financial Statement Schedules128Item 16.Form 10-K Summary129Signatures1301 Table of Contents EXPLANATORY NOTE In this Annual Report on Form 10-K (the “Annual Report”), which includes theaccompanying consolidated financial statements and notes, unless otherwise indicatedor the context suggests otherwise, references to “the Company”, “our Company”, “Helenof Troy”, “we”, “us”, or “our” refer to Helen of Troy Limited and its subsidiaries. We referto our common shares, par value $0.10 per share, as “common stock.” Referen