Hamilton Beach Q2 revenue rises, raises margin and operating profit outlook

Hamilton Beach Brands Holding

05/08/2026 21:26

Overview
U.S. small appliance maker's Q2 revenue rose 12% on higher U.S. Consumer volumes
Q2 gross profit more than doubled due to one-time IEEPA tariff refunds
Company repurchased $2 mln in shares and reiterated 2026 revenue outlook

Outlook
Hamilton Beach reiterates 2026 revenue growth to approach mid-single digit range
Company now expects 2026 gross margin to be modestly better than 2025
Operating profit for 2026 expected to decline high-single digits, improved from prior low-teens estimate

Result Drivers
VOLUME RECOVERY - Higher U.S. Consumer volumes drove revenue growth as retailers resumed buying after last year's inventory pause
ONE-TIME TARIFF REFUNDS - Gross margin more than doubled due to one-time IEEPA tariff refunds and sell-through of inventory no longer subject to tariffs
TARIFF MITIGATION ACTIONS - Ongoing actions such as sourcing diversification and pricing supported underlying gross margins, per CEO R. Scott Tidey

Company press release: ID:nPn6CPJ4Ra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$142.63 mln
 
Q2 Net Income
 
$33.71 mln
 
Q2 Basic EPS
 
$2.50
 
Q2 Gross Profit
 
$77.50 mln
 
Q2 Operating Income
 
$43.21 mln
 
Q2 Pretax Profit
 
$44.63 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)