v3.25.2
Segment and Geographic Information (Tables)
 3 Months Ended
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 sold89,893 106,751 196,644 
Operating expense (3)
301,883 280,166 582,049 
Operating loss
$(213,793)$(193,245)$(407,038)
Non-operating income, net308 
Interest expense13,808 
Loss before income tax
$(420,538)

Three Months Ended May 31, 2024
(in thousands)Home & OutdoorBeauty & WellnessTotal
Sales revenue, net$198,459 $218,388 $416,847 
Less: (2)
Cost of goods sold94,226 119,542 213,768 
Operating expense (3)
88,383 83,933 172,316 
Operating income$15,850 $14,913 $30,763 
Non-operating income, net100 
Interest expense12,543 
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 amortization6,559 7,525 14,084 
Non-cash share-based compensation34 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 amortization6,647 7,189 13,836 
Non-cash share-based compensation3,013 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)20252024
Domestic sales revenue, net (1)
$277,960 74.8 %$300,680 72.1 %
International sales revenue, net93,695 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.