HBB posts lower y/y Q3 profit as tariffs weigh on margins, but management expects recovery ahead with cost cuts and sourcing shifts.
Hamilton Beach Brands (HBB) remains a "Buy" despite recent revenue declines and underperformance versus the S&P 500. HBB's weak quarter was driven by retailer inventory pauses and tariff concerns, but cost-cutting and price increases are underway. Management is launching new growth initiatives, including the Lotus premium brand, Sunkist partnership, and HealthBeacon subscription expansion.
HBB's Q2 revenues fall 18% y/y as tariffs disrupt sales. However, the gross margin improves, and new product lines and cost cuts signal long-term growth potential.
| Household Durables Industry | Consumer Discretionary Sector | R. Scott Tidey CEO | NYSE Exchange | 40701T104 CUSIP |
| US Country | 679 Employees | 1 Dec 2025 Last Dividend | - Last Split | 2 Oct 2017 IPO Date |
Hamilton Beach Brands Holding Company operates as a prominent provider in the design, marketing, and distribution of a wide array of small electric household and specialty housewares appliances globally. Founded in 1904 and based in Glen Allen, Virginia, the company serves a vast market that includes the United States and international regions. It distinguishes itself by offering a comprehensive portfolio of products under multiple brand names that cater to a diverse range of cooking, food preparation, and home comfort needs. Hamilton Beach maintains a dynamic presence in the retail space, reaching customers through mass merchandisers, e-commerce platforms, department stores, and various other retail outlets. Additionally, the company extends its market reach by providing private label products and catering to commercial entities, including restaurants and hotels, with its specialized product offerings.