Hamilton Beach Brands Holding Company provided revenue guidance for the first half and second half of 2023 and provided earnings guidance for the full year 2023. Revenue in the first half of 2023 is expected to decrease moderately. Sales of commercial products are expected to increase in 2023, although at a lower growth rate compared to 2022, when sales were driven by a robust rebound from pandemic-driven softness in the food service and hospitality industries. The Company's online business continues to be strong.

At this time, revenue in the second half of 2023 is expected to increase modestly.

For the full year 2023, the Company expects revenue to be flat with 2022. Operating profit for the full year 2023 is expected to increase compared to 2022, excluding the $10 million insurance recovery.