HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES DATES OF ITS 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

However, this feature only works for the carafe side, not the single-serve side. Once you hit the “Prog” button, keep holding it down and push “set time” in order to program what time you’d like your carafe of coffee to brew. Made of glass, the carafe hamilton beach is able to hold an impressive 12 cups of coffee. It has a sturdy, smooth handle that’s dependable enough to support the brewing the weight of so much coffee. The lid also flips upward, allowing you easy access to pour and refill the carafe.

Product costs for small kitchen appliances and transportation expenses have been moderating as many of the supply chain challenges of the past few years have subsided. The Company is working with its retail partners on appropriate rollbacks of previous price increases in ways that will keep Hamilton Beach Brands competitive while also protecting margins. The Company expects gross profit margin to return to its historical range as the first half of 2023 unfolds, following a short-term contraction in the fourth quarter of 2022. The Company continues to focus on driving efficiencies and value improvement across the enterprise. For the full year 2023, the Company expects its total revenue to be flat to 2022. In the first half of 2023, due to an expected continuation of soft consumer consumption trends, the Company has taken a more conservative view and expects a moderate decrease in revenue compared to the first half of 2022.

hamilton beach

Revenue in the premium market increased 15.7% and accounted for 15.3% of total revenue. Revenue in the ecommerce channel accounted for 38.0% of total revenue and increased 2.8%. We also liked that the machine doesn’t get too hot to the touch while brewing, unlike the Capresso and Black+Decker models we tested, which had more prominent steam vents—all the easier to burn oneself on.

Predicted brand reliability ratings are based on estimated problem rates for newly purchased automatic drip coffee makers, not covered by an extended warranty or service contract, within the first four years of ownership. The Ninja CE251 consistently produced the best-tasting coffee of all the models we tested, bringing out the sweeter chocolate and malty notes of the Big Bang Blend, with gentle fruity flavors to offer balance. There was very little difference in flavor quality between coffee brewed from the fresh-ground and pre-ground beans. Both had a creamy, rich body, which can be harder to achieve from pre-ground coffee in a cheaper machine, making this an especially good choice if you like buying ground beans.

There are a number of reasons a person might want a lower-cost coffee maker, including, simply, budget limitations. If you’re watching your spending and want an easy way to make a decent, consistent pot of coffee, there are inexpensive machines that will help you achieve that goal. Or maybe you’re new to brewing coffee at home and don’t want to buy something fancy to get the job done (for more on that, see our tips for getting the most out of your cheap coffee maker).

I would buy their products at other resellers for a better experience. There’s no digital way to cancel your order or process a hamilton beach air fryer return. First try they wouldn’t resolve an issue that was due to a glitch in their system and then wouldn’t cancel my order.

Once we got into the rhythm of it, it was easy to brew to our tastes every time. The carafe pours comfortably, though the lid screws off rather than opening with a hinge, which might make it more difficult for some people to open. Though it’s possible to make good coffee in an inexpensive machine, what you’re sacrificing by not buying a pricier (over $150) drip coffee maker is temperature stability. That includes maintaining the temperature of the water both during the brewing process, which requires more expensive internal components, and after brewing, using a thermal carafe that’s more costly to produce than a glass one. Those sacrifices can ultimately impact the quality of the coffee, since hotter water can extract better flavor from the beans, and most people enjoy their coffee hot.

Brand owner satisfaction ratings are based on the proportion of members who are extremely likely to recommend their automatic drip coffee maker to their friends and family. Operating profit for the full year 2023 is expected to increase compared to 2022, excluding the $10.0  million insurance recovery. In 2023, the Company expects gross profit margin expansion and moderately higher SG&A expense, mostly due to increased employee-related costs and some investment in new products advertising.

I accidently threw the carbon filter out as I could not get it clean thinking I was just gonna replace it. It ends up that you can’t buy one through the company cause they don’t have any. I have to throw away the appliance cause I can’t use it without a filter as the house gets full of greasy smoke. One the single-serve side of the Hamilton, there is a small storage compartment underneath the drip tray to store a K-cup or pod(s) of coffee.