v3.26.1
Segment and Geographic Information (Tables)
 3 Months Ended
May 31, 2026
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, 2026
(in thousands)Home & OutdoorBeauty & WellnessTotal
Sales revenue, net$194,923 $207,192 $402,115 
Less: (1)
Cost of goods sold98,505 118,755 217,260 
Operating expense (2)88,253 36,253 124,506 
Operating income$8,165 $52,184 $60,349 
Non-operating income, net218 
Interest expense12,243 
Income before income tax$48,324 
Three Months Ended May 31, 2025
(in thousands)Home & OutdoorBeauty & WellnessTotal
Sales revenue, net$177,983 $193,672 $371,655 
Less: (1)
Cost of goods sold89,893 106,751 196,644 
Operating expense (2)301,883 280,166 582,049 
Operating loss$(213,793)$(193,245)$(407,038)
Non-operating income, net308 
Interest expense13,808 
Loss before income tax$(420,538)
(1)These significant expense categories and amounts align with the reportable segment information that is regularly provided to the CODM.
(2)Operating expense for both reportable segments includes SG&A expense. Fiscal 2027 operating expense also includes a gain of $54.9 million on the sale of our distribution facility in Southaven, Mississippi recognized in our Beauty & Wellness segment. 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. See Note 3 and Note 5 for further information on the sale of our distribution facility and asset impairment charges, respectively.

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

Three Months Ended May 31, 2026
(in thousands)Home & OutdoorBeauty & WellnessTotal
Capital and intangible asset expenditures$1,828 $3,978 $5,806 
Depreciation and amortization6,492 6,885 13,377 
Non-cash share-based compensation2,794 3,643 6,437 

Three Months Ended May 31, 2025
(in thousands)Home & OutdoorBeauty & WellnessTotal
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 charges219,095 195,290 414,385 
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)20262025
Domestic sales revenue, net (1)
$307,348 76.4 %$277,960 74.8 %
International sales revenue, net94,767 23.6 %93,695 25.2 %
Total sales revenue, net$402,115 100.0 %$371,655 100.0 %
(1)Domestic net sales revenue includes net sales revenue from the U.S. and Canada.