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Segment and Geographic Information (Tables) | 3 Months Ended
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May 31, 2025
Segment Reporting [Abstract] |
Schedule of segment information | The following tables summarize reportable segment information with a reconciliation to our condensed consolidated results for the periods presented:
| Three Months Ended May 31, 2025
(in thousands) | Home & Outdoor |  | Beauty & Wellness (1) |  | Total
Sales revenue, net | $ | 177,983 |  |  | $ | 193,672 |  |  | $ | 371,655 |
Less: (2) |  |  |  |  |
Cost of goods sold | 89,893 |  |  | 106,751 |  |  | 196,644 |
Operating expense (3) | 301,883 |  |  | 280,166 |  |  | 582,049 |
Operating loss | $ | (213,793) |  |  | $ | (193,245) |  |  | $ | (407,038) |
Non-operating income, net |  |  |  |  | 308 |
Interest expense |  |  |  |  | 13,808 |
Loss before income tax |  |  |  |  | $ | (420,538) |
| Three Months Ended May 31, 2024
(in thousands) | Home & Outdoor |  | Beauty & Wellness |  | Total
Sales revenue, net | $ | 198,459 |  |  | $ | 218,388 |  |  | $ | 416,847 |
Less: (2) |  |  |  |  |
Cost of goods sold | 94,226 |  |  | 119,542 |  |  | 213,768 |
Operating expense (3) | 88,383 |  |  | 83,933 |  |  | 172,316 |
Operating income | $ | 15,850 |  |  | $ | 14,913 |  |  | $ | 30,763 |
Non-operating income, net |  |  |  |  | 100 |
Interest expense |  |  |  |  | 12,543 |
Income before income tax |  |  |  |  | $ | 18,320 |
(1)Fiscal 2026 includes a full quarter of operating results from Olive & June, acquired on December 16, 2024. For additional information see Note 4. (2)These significant expense categories and amounts align with the reportable segment information that is regularly provided to the CODM. (3)Operating expense for both reportable segments includes SG&A expense. Fiscal 2026 operating expense also includes asset impairment charges of $414.4 million, of which $219.1 million and $195.3 million was recognized in our Home & Outdoor and Beauty & Wellness segments, respectively. Fiscal 2025 operating expense also includes restructuring charges. See Note 5 for further information on the asset impairment charges and Note 8 for further information on our global restructuring plan. The following tables summarize reportable segment information for the periods presented:
| Three Months Ended May 31, 2025
(in thousands) | Home & Outdoor |  | Beauty & Wellness (1) |  | Total
Capital and intangible asset expenditures | $ | 6,983 |  |  | $ | 6,379 |  |  | $ | 13,362 |
Depreciation and amortization | 6,559 |  |  | 7,525 |  |  | 14,084 |
Non-cash share-based compensation | 34 |  |  | 262 |  |  | 296 |
Asset impairment charges | 219,095 |  |  | 195,290 |  |  | 414,385 |
| Three Months Ended May 31, 2024
(in thousands) | Home & Outdoor |  | Beauty & Wellness |  | Total
Capital and intangible asset expenditures | $ | 5,745 |  |  | $ | 3,397 |  |  | $ | 9,142 |
Depreciation and amortization | 6,647 |  |  | 7,189 |  |  | 13,836 |
Non-cash share-based compensation | 3,013 |  |  | 2,820 |  |  | 5,833 |
(1)Fiscal 2026 includes a full quarter of operating results from Olive & June, acquired on December 16, 2024. For additional information see Note 4.
Schedule of domestic and international long-lived assets | The following table presents net sales revenue by geographic region, in U.S. Dollars:
| Three Months Ended May 31, |  |
(in thousands) | 2025 |  | 2024 |  |  |  |
Domestic sales revenue, net (1) | $ | 277,960 |  |  | 74.8 | % |  | $ | 300,680 |  |  | 72.1 | % |  |  |  |  |  |  |  |
International sales revenue, net | 93,695 |  |  | 25.2 | % |  | 116,167 |  |  | 27.9 | % |  |  |  |  |  |  |  |
Total sales revenue, net | $ | 371,655 |  |  | 100.0 | % |  | $ | 416,847 |  |  | 100.0 | % |  |  |  |  |  |  |  |
(1)Domestic net sales revenue includes net sales revenue from the U.S. and Canada.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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