Hamilton Beach Brands Q1 EPS $(0.08) Up From $(0.34) YoY, Sales $128.28M Miss $137.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hamilton Beach Brands (HBB) reported a Q1 EPS of $(0.08), improving from $(0.34) YoY, but missed sales estimates with $128.28M against the expected $137.11M. Sales slightly increased by 0.02% from the previous year.

May 07, 2024 | 9:40 pm
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HBB's Q1 EPS improved significantly YoY, but sales missed estimates and showed minimal growth from the previous year.
While the improvement in EPS is a positive sign of recovery and cost management, the miss on sales estimates and minimal year-over-year growth could concern investors about revenue growth prospects. The mixed results may lead to neutral short-term stock price movement as investors weigh the improved profitability against the revenue miss.
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