Helen of Troy Sees Hydroflask Gains as Osprey Closes
Now that HELE’s acquisition of Osprey Packs has closed, the Hydroflask parent’s commitment to the outdoor consumer business is set to accelerate. Sales at the company’s Housewares segment, which includes the drinkware brand, increased 11% to $246,135,000 over $222,240,000 for the fiscal third quarter ended Nov. 30. Brick-and-mortar sales benefited from both replenishments after a strong Back-to-School and retailers pulling Holiday orders forward due to the supply chain concerns. E-commerce posted growth from both DTC and wholesale e-tailers, and recent investments paid off as the new digital platform stood up to record Black Friday sales and higher traffic and conversion ... Log in to view full article.