Helen Of Troy’s Home & Outdoor Segment Q2 Growth Boosted By Osprey Acquisition
October 5, 2022
Helen of Troy reported sales at its Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, increased 11.8 percent in its second quarter ended August 31 to $240.6 million. Gains from the acquisition of Osprey were partially offset by a decrease in its organic business of 9.0 percent, driven by a decline in sales in home-related categories.
The acquisition of Osprey added $47.4 million, or 22.0 percent, to segment net sales revenue growth. The overall growth came on top of a 6.6 percent increase in the prior year period. SGB Media