Hamilton Beach Brands Holding Co. (HBB) Reports Q2 EPS of $0.42, provides outlook

Hamilton Beach Brands Holding Co. (NYSE: HBB) reported Q2 EPS of $0.42. Revenue for the quarter came in at $156.2 million, versus $0 reported last year.

Outlook for Full Year 2024
In 2024, the retail marketplace for small kitchen appliances is expected to be modestly below 2023. The Company expects that continued progress with its strategic initiatives will enable it to deliver above market revenue performance.

For the full year 2024, the Company continues to expect revenue to increase modestly compared to the full year 2023. As expected, revenue growth in the first half of 2024 was stronger than it is expected to be in the second half, due to year-over-year comparisons. Operating profit for the full year 2024 is expected to increase significantly compared to the full year 2023 based on an expansion of gross profit margin. Operating profit growth in the first half of 2024 is expected to be stronger than in the second half, mostly due to year-over-year comparisons.

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

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