New Product Launches and Market Expansion
The successful launch of the high-end Lotus brand exceeded expectations by strong double digits. Additionally, new product launches are planned across CHI and Clorox partnerships. The commercial business saw outstanding results, with the Sunkist brand launch delivering outsized results. The company's core business expanded by shipping the Kitchen Collections line to a leading mass market retailer nationwide.
Positive Turnaround for Hamilton Beach Health
Hamilton Beach Health achieved positive operating profit for the first time this quarter, with new partnership deals and a successful software product launch. The division expanded its patient subscription base by 50%.
Cost Management and Savings
The company implemented cost management measures that generated $10 million in annualized savings, starting to materialize in the third quarter.
Improved Sourcing and Tariff Mitigation
The company accelerated manufacturing diversification efforts away from China and implemented pricing adjustments to counteract tariff impacts.