Hamilton Beach Brands Holding Co. (HBB) Misses Q3 EPS by 57c, Revenues Miss

Hamilton Beach Brands Holding Co. (NYSE: HBB) reported Q3 EPS of $0.03, $0.57 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $169.78 million versus the consensus estimate of $191.4 million.

Highlights:

• Kitchen Collection is winding down its retail operations and will close all of its 160 stores by the end of 2019
• Hamilton Beach Brands Q3 2019 revenue decreased 12.5% to $150.9 million compared to record third-quarter revenue in 2018
• Lower sales volume in the Hamilton Beach Brands U.S. consumer market was due in large part to a significant change in retailer order patterns driven by the adverse impact of tariffs
• Hamilton Beach Brands expects to recover much of the Q3 2019 revenue shortfall in Q4 2019 as a result of revenue timing shifts

For earnings history and earnings-related data on Hamilton Beach Brands Holding Co. (HBB) click here.

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