XML 58 R44.htm IDEA: XBRL DOCUMENT
v3.26.1

Segment and Geographic Information (Tables) | 12 Months Ended
--- | ---
Feb. 28, 2026
Segment Reporting [Abstract] |
Schedule of segment information | The following tables summarize reportable segment information with a reconciliation to our consolidated results for the periods presented:
| Fiscal Year Ended February 28, 2026
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (1) |  | Total
Sales revenue, net | $ | 832,870 |  |  |  |  |  |  | $ | 953,420 |  |  | $ | 1,786,290 |
Less: (2) |  |  |  |  |  |  |  |  |
Cost of goods sold | 428,182 |  |  |  |  |  |  | 542,414 |  |  | 970,596 |
Operating expense (3) | 674,432 |  |  |  |  |  |  | 923,343 |  |  | 1,597,775 |
Operating loss | $ | (269,744) |  |  |  |  |  |  | $ | (512,337) |  |  | $ | (782,081) |
Non-operating income, net |  |  |  |  |  |  |  |  | 982 |
Interest expense |  |  |  |  |  |  |  |  | 57,739 |
Loss before income tax |  |  |  |  |  |  |  |  | $ | (838,838) |
| Fiscal Year Ended February 28, 2025
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (1) |  | Total
Sales revenue, net | $ | 906,331 |  |  |  |  |  |  | $ | 1,001,334 |  |  | $ | 1,907,665 |
Less: (2) |  |  |  |  |  |  |  |  |
Cost of goods sold | 431,924 |  |  |  |  |  |  | 561,335 |  |  | 993,259 |
Operating expense (3) | 354,806 |  |  |  |  |  |  | 416,852 |  |  | 771,658 |
Operating income | $ | 119,601 |  |  |  |  |  |  | $ | 23,147 |  |  | $ | 142,748 |
Non-operating income, net |  |  |  |  |  |  |  |  | 838 |
Interest expense |  |  |  |  |  |  |  |  | 51,922 |
Income before income tax |  |  |  |  |  |  |  |  | $ | 91,664 |
| Fiscal Year Ended February 29, 2024
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness |  | Total
Sales revenue, net | $ | 916,381 |  |  |  |  |  |  | $ | 1,088,669 |  |  | $ | 2,005,050 |
Less: (2) |  |  |  |  |  |  |  |  |
Cost of goods sold | 440,737 |  |  |  |  |  |  | 615,653 |  |  | 1,056,390 |
Operating expense (3) | 332,912 |  |  |  |  |  |  | 355,159 |  |  | 688,071 |
Operating income | $ | 142,732 |  |  |  |  |  |  | $ | 117,857 |  |  | $ | 260,589 |
Non-operating income, net |  |  |  |  |  |  |  |  | 1,518 |
Interest expense |  |  |  |  |  |  |  |  | 53,065 |
Income before income tax |  |  |  |  |  |  |  |  | $ | 209,042 |
(1)Fiscal 2026 includes a full year of operating results from Olive & June, acquired on December 16, 2024, compared to approximately eleven weeks of operating results in fiscal 2025. For additional information see Note 6. (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 and restructuring charges. Fiscal 2026 operating expense also includes asset impairment charges of $885.9 million, of which $332.6 million and $553.3 million was recognized in our Home & Outdoor and Beauty & Wellness segments, respectively. Fiscal 2025 operating expense also includes asset impairment charges of $51.5 million in our Beauty & Wellness segment. See Note 7 for further information on the asset impairment charges. The following tables summarize reportable segment information for the periods presented:
| Fiscal Year Ended February 28, 2026
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (1) |  | Total
Capital and intangible asset expenditures | $ | 18,089 |  |  |  |  |  |  | $ | 21,137 |  |  | $ | 39,226 |
Depreciation and amortization | 24,597 |  |  |  |  |  |  | 28,698 |  |  | 53,295 |
Non-cash share-based compensation | 6,781 |  |  |  |  |  |  | 10,104 |  |  | 16,885 |
Asset impairment charges | 332,565 |  |  |  |  |  |  | 553,296 |  |  | 885,861 |
| Fiscal Year Ended February 28, 2025
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness (1) |  | Total
Capital and intangible asset expenditures | $ | 14,275 |  |  |  |  |  |  | $ | 15,797 |  |  | $ | 30,072 |
Depreciation and amortization | 26,088 |  |  |  |  |  |  | 28,960 |  |  | 55,048 |
Non-cash share-based compensation | 10,402 |  |  |  |  |  |  | 10,974 |  |  | 21,376 |
Asset impairment charges | — |  |  |  |  |  |  | 51,455 |  |  | 51,455 |
| Fiscal Year Ended February 29, 2024
(in thousands) | Home & Outdoor |  |  |  |  |  | Beauty & Wellness |  | Total
Capital and intangible asset expenditures | $ | 28,012 |  |  |  |  |  |  | $ | 8,632 |  |  | $ | 36,644 |
Depreciation and amortization | 24,595 |  |  |  |  |  |  | 26,904 |  |  | 51,499 |
Non-cash share-based compensation | 16,319 |  |  |  |  |  |  | 17,553 |  |  | 33,872 |
(1)Fiscal 2026 includes a full year of operating results from Olive & June, acquired on December 16, 2024, compared to approximately eleven weeks of operating results in fiscal 2025. For additional information see Note 6.
Schedule of net sales by geographic region | The following table presents net sales revenue by geographic region, in U.S. Dollars. Net sales are attributed to countries based on the customer’s location.
| Fiscal Years Ended Last Day of February, |  |  |  |
(in thousands) | 2026 |  | 2025 |  | 2024 |  |  |  |  |  |  |
U.S. | $ | 1,278,045 |  |  | 71.5 | % |  | $ | 1,356,750 |  |  | 71.1 | % |  | $ | 1,478,134 |  |  | 73.7 | % |  |  |  |  |  |  |
Canada | 74,004 |  |  | 4.2 | % |  | 82,501 |  |  | 4.3 | % |  | 82,122 |  |  | 4.1 | % |  |  |  |  |  |  |
EMEA | 293,260 |  |  | 16.4 | % |  | 294,954 |  |  | 15.5 | % |  | 284,434 |  |  | 14.2 | % |  |  |  |  |  |  |
Asia Pacific | 107,112 |  |  | 6.0 | % |  | 125,426 |  |  | 6.6 | % |  | 116,157 |  |  | 5.8 | % |  |  |  |  |  |  |
Latin America | 33,869 |  |  | 1.9 | % |  | 48,034 |  |  | 2.5 | % |  | 44,203 |  |  | 2.2 | % |  |  |  |  |  |  |
Total sales revenue, net | $ | 1,786,290 |  |  | 100.0 | % |  | $ | 1,907,665 |  |  | 100.0 | % |  | $ | 2,005,050 |  |  | 100.0 | % |  |  |  |  |  |  |
Schedule of domestic and international long-lived assets | Our U.S. and international long-lived assets were as follows:
(in thousands) | February 28, 2026 |  | February 28, 2025 |  |
U.S. | $ | 331,517 |  |  | $ | 342,033 |  |  |
International | 25,875 |  |  | 23,059 |  |  |
Total | $ | 357,392 |  |  | $ | 365,092 |  |  |

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration