Osprey Packs Outperforms in HELE’s Down Quarter
Revenues at Helen of Troy’s Home & Outdoor segment, which includes Hydro Flask and Osprey, declined 10% to $178.0 million in the fiscal first quarter ended May 31, with about 7% of the drop attributed to tariff impacts. Cancelled direct imports in the Club channel combined with Oxo orders that were pulled forward into FQ4 and broader demand softness in home and insulated beverageware. Segment operating loss was $213.8 million, flipping from the prior year's $15.9 million profit, hit by pre-tax asset impairment charges for Hydro Flask and Osprey of $120.8 ... Log in to view full article.