Outdoor Brands Outperform for Helen of Troy
Revenue for HELE’s Home & Outdoor segment that includes Hydro Flask and Osprey Pack grew 4% to $246,109,000 from $235,948,000 in the fiscal third quarter ended Nov. 30, driven by higher sales of both brands. Solid demand for technical packs and the new Daylite expandable travel pack powered Osprey gains while growing retail distribution in the U.S. and internationally, and growth in the club channel boosted insulated beverageware sales. Increased competition in insulated beverageware from brands like Stanley remains a headwind, but expanded shelf space at accounts like Target is helping ... Log in to view full article.