Why did HELE's operating profit drop sharply in Q1 2025 despite stable expenses?

Helen of Troy's operating profit dropped sharply in Q1 2025 primarily due to a significant decline in revenue, despite stable expenses. The company's total revenue for the quarter was $416.85 million, with the cost of goods sold amounting to $213.77 million. This indicates that the decrease in profit was primarily driven by a reduction in sales, rather than increased expenses. |code|Ticker|Name|Date|Cost of Goods Sold|Total Revenue|market_code| |---|---|---|---|---|---|---| |HELE|HELE.O|Helen of Troy|2024 Q2|2.6191E8|4.91563E8|185| |HELE|HELE.O|Helen of Troy|2024 Q3|2.85833E8|5.49614E8|185| |HELE|HELE.O|Helen of Troy|2024 Q4|2.49606E8|4.89201E8|185| |HELE|HELE.O|Helen of Troy|2025 Q1|2.13768E8|4.16847E8|185|