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Segment and Geographic Information (Tables)

6 Months Ended

Aug. 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 August 31, 2025
(in thousands)			Home & Outdoor						Beauty & Wellness (1)						Total
Sales revenue, net			$	208,721					$	223,060					$	431,781
Less: (2)
Cost of goods sold			108,636						132,464						241,100
Operating expense (3)			172,663						333,735						506,398
Operating loss			$	(72,578)					$	(243,139)					$	(315,717)
Non-operating income, net															249
Interest expense															14,221
Loss before income tax															$	(329,689)

			Three Months Ended August 31, 2024
(in thousands)			Home & Outdoor						Beauty & Wellness						Total
Sales revenue, net			$	241,944					$	232,277					$	474,221
Less: (2)
Cost of goods sold			117,641						140,510						258,151
Operating expense (3)			93,151						88,067						181,218
Operating income			$	31,152					$	3,700					$	34,852
Non-operating income, net															170
Interest expense															13,216
Income before income tax															$	21,806

			Six Months Ended August 31, 2025
(in thousands)			Home & Outdoor						Beauty & Wellness (1)						Total
Sales revenue, net			$	386,704					$	416,732					$	803,436
Less: (2)
Cost of goods sold			198,529						239,215						437,744
Operating expense (3)			474,546						613,901						1,088,447
Operating loss			$	(286,371)					$	(436,384)					$	(722,755)
Non-operating income, net															557
Interest expense															28,029
Loss before income tax															$	(750,227)

			Six Months Ended August 31, 2024
(in thousands)			Home & Outdoor						Beauty & Wellness						Total
Sales revenue, net			$	440,403					$	450,665					$	891,068
Less: (2)
Cost of goods sold			211,867						260,052						471,919
Operating expense (3)			181,534						172,000						353,534
Operating income			$	47,002					$	18,613					$	65,615
Non-operating income, net															270
Interest expense															25,759
Income before income tax															$	40,126

(1)The three and six months ended August 31, 2025 include a full three and six months, respectively, 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. Operating expense during the three and six months ended August 31, 2025 includes asset impairment charges of $326.4 million and $740.8 million, respectively, of which $85.5 million and $304.6 million was recognized in our Home & Outdoor segment, respectively, and $240.9 million and $436.1 million was recognized in our Beauty & Wellness segment, respectively. Operating expense during the three months ended August 31, 2025 and three and six months ended August 31, 2024 also includes restructuring charges. See Note 5 for further information on the asset impairment charges.

The following tables summarize reportable segment information for the periods presented:

			Three Months Ended August 31, 2025
(in thousands)			Home & Outdoor						Beauty & Wellness (1)						Total
Capital and intangible asset expenditures			$	6,907					$	4,563					$	11,470
Depreciation and amortization			6,040						6,820						12,860
Non-cash share-based compensation			4,248						5,124						9,372
Asset impairment charges			85,537						240,857						326,394

			Three Months Ended August 31, 2024
(in thousands)			Home & Outdoor						Beauty & Wellness						Total
Capital and intangible asset expenditures			$	1,722					$	3,162					$	4,884
Depreciation and amortization			6,590						7,202						13,792
Non-cash share-based compensation			2,814						2,673						5,487

			Six Months Ended August 31, 2025
(in thousands)			Home & Outdoor						Beauty & Wellness (1)						Total
Capital and intangible asset expenditures			$	13,890					$	10,942					$	24,832
Depreciation and amortization			12,599						14,345						26,944
Non-cash share-based compensation			4,282						5,386						9,668
Asset impairment charges			304,632						436,147						740,779

			Six Months Ended August 31, 2024
(in thousands)			Home & Outdoor						Beauty & Wellness						Total
Capital and intangible asset expenditures			$	7,467					$	6,559					$	14,026
Depreciation and amortization			13,237						14,391						27,628
Non-cash share-based compensation			5,827						5,493						11,320

(1)The three and six months ended August 31, 2025 include a full three and six months, respectively, 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 August 31,																								Six Months Ended August 31,
(in thousands)			2025												2024												2025												2024
Domestic sales revenue, net (1)			$	330,496					76.5		%				$	365,750					77.1		%				$	608,456					75.7		%				$	666,430					74.8		%
International sales revenue, net			101,285						23.5		%				108,471						22.9		%				194,980						24.3		%				224,638						25.2		%
Total sales revenue, net			$	431,781					100.0		%				$	474,221					100.0		%				$	803,436					100.0		%				$	891,068					100.0		%

(1)Domestic net sales revenue includes net sales revenue from the U.S. and Canada.

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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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.

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