Drinkware Powers Home & Outdoor Segment at Helen of Troy
The parent of Hydro Flask and Osprey Packs Home & Outdoor revenues inched up 1% to $241.9 million from $240.0 million for the fiscal second quarter that ended Aug. 31 and generated operating income of $31.2 million, down from $36.1 million prior. Insulated beverageware sales and higher international sales through expanded retailer distribution both improved. However, demand for technical packs and accessories remained depressed, and replenishment orders from retailers were also soft due to continued consumer weakness. The drop in income was attributed to higher distribution center expenses, worse product and ... Log in to view full article.