v3.25.1
Segment and Geographic Information (Tables)
 12 Months Ended
Feb. 28, 2025
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, 2025
(in thousands)
Home & Outdoor
Beauty &
Wellness (1)(2)
Total
Sales revenue, net$906,331 $1,001,334 $1,907,665 
Less: (3)
Cost of goods sold
431,924 561,335 993,259 
Operating expense (4)
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 (2)
Total
Sales revenue, net$916,381 $1,088,669 $2,005,050 
Less: (3)
Cost of goods sold
440,737 615,653 1,056,390 
Operating expense (4)
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 
Fiscal Year Ended February 28, 2023
(in thousands)
Home & Outdoor
Beauty &
Wellness (2)
Total
Sales revenue, net$915,685 $1,156,982 $2,072,667 
Less: (3)
Cost of goods sold
470,070 703,246 1,173,316 
Operating expense (4)
311,562 375,998 687,560 
Operating income
$134,053 $77,738 $211,791 
Non-operating income, net
249 
Interest expense
40,751 
Income before income tax
$171,289 
(1)Fiscal 2025 includes approximately eleven weeks of operating results from Olive & June, acquired on December 16, 2024. For additional information see Note 6.
(2)Fiscal 2025 and 2024 include a full year of operating results from Curlsmith, acquired on April 22, 2022, compared to approximately forty-five weeks of operating results in fiscal 2023. For additional information see Note 6.
(3)These significant expense categories and amounts align with the reportable segment information that is regularly provided to the CODM.
(4)Operating expense for both reportable segments includes SG&A expense and restructuring charges. Fiscal 2025 operating expense also includes asset impairment charges of $51.5 million in our Beauty & Wellness segment. See Note 11 for further information on our global restructuring plan and 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, 2025
(in thousands)
Home & Outdoor
Beauty &
Wellness (1)(2)
Total
Capital and intangible asset expenditures$14,275 $15,797 $30,072 
Depreciation and amortization26,088 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 (2)
Total
Capital and intangible asset expenditures$28,012 $8,632 $36,644 
Depreciation and amortization24,595 26,904 51,499 
Non-cash share-based compensation
16,319 17,553 33,872 
Fiscal Year Ended February 28, 2023
(in thousands)
Home & Outdoor
Beauty &
Wellness (2)
Total
Capital and intangible asset expenditures$159,183 $15,681 $174,864 
Depreciation and amortization18,364 26,319 44,683 
Non-cash share-based compensation
10,751 16,002 26,753 
(1)Fiscal 2025 includes approximately eleven weeks of operating results from Olive & June, acquired on December 16, 2024. For additional information see Note 6.
(2)Fiscal 2025 and 2024 include a full year of operating results from Curlsmith, acquired on April 22, 2022, compared to approximately forty-five weeks of operating results in fiscal 2023. For additional information see Note 6.
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)202520242023
U.S.$1,356,750 71.1 %$1,478,134 73.7 %$1,538,852 74.2 %
Canada82,501 4.3 %82,122 4.1 %108,416 5.2 %
EMEA294,954 15.5 %284,434 14.2 %268,153 13.0 %
Asia Pacific125,426 6.6 %116,157 5.8 %115,626 5.6 %
Latin America48,034 2.5 %44,203 2.2 %41,620 2.0 %
Total sales revenue, net$1,907,665 100.0 %$2,005,050 100.0 %$2,072,667 100.0 %
Schedule of domestic and international long-lived assets
Our U.S. and international long-lived assets were as follows:

 Fiscal Years Ended Last Day of February,
(in thousands)202520242023
U.S.$342,033 $344,361 $357,577 
International23,059 28,247 32,967 
Total$365,092 $372,608 $390,544