Thank us July. an today. like our this I our the in to on on the for our trends various you, for about second provide to Jack. thank progress update and we you changes the would our results, factors July revised quarter morning, since announced and Good joining in see initiatives fiscal everyone, Today, call, talk we year, leading outlook
strategic costs our segment. elevated corporate Wellness As a lower and launch a our reminder, in our those productivity our normalize initiatives to and levels, we've deficiency further to faster inventory move on & were improve new Health projects program several that identified and changes
Let me start with that update.
project to summer, provide and restructuring Over to expansion, raise a us arc our inventory, on Pegasus but invested improve not initiatives we with accelerate capital, designed idea are stronger a and return of more only calling basic significantly built the improve flow. The into also transformation reduce Pegasus. investment Pegasus flywheel. year three multi-year we these is profitability, for to help leverage initiative efficiently our a amplify platform overall an margin cash is operating
brand rates, as exit portfolio, to willingness I share projects supply is and improve a future savings, indirect macro will came our will they portfolio, optimizing growth As major our and under the underperforming personal cost and sell-through. care, enhancing new we of business most and on generates into back reinvestment Pegasus the and Pegasus the portfolio, The better the to profitable We cost structure. our plan Pegasus simultaneously Pegasus and to streamlining once are on our generate by with the measures within the a of make consulting attractive our people, Pegasus the our include group long-term dedicated very businesses also on internal those depend a portfolio projects, look improve team. initiatives are support outstanding is significantly to deterioration and invest such targets. our chain Noel savings other as we we in Troy reducing Pegasus our COO, believe brand being right simplifying further our demonstrated brand our positive once earnings more at addressing Strategically, flow core margins, portfolio accelerating of and Helen the optimizing a as this and consumption on include with return and peer as growth is short-term longer and Theory brands, the E-initiatives our inventory. global and in total Geoffroy, opportunities timing companies, this businesses leadership retailer generation, organization, on that aligns through with leaner Health for cortile the an led of of have control. and portion The conditions such shareholder will help are spending, of & powerful outstanding intended extent Starting no into Pegasus patterns good for focusing premium difficult our team of firm efficiency normalized momentum, to growth, of top consumers' Pegasus in that what includes well Wellness. savings to we confident investment. many macro when mass We the replenishment that cash network, growth are the revenue purposefully market ones. considerable return. also a profitability am of culture. amplifying provide and lens. right our with environment case, current up Like the return
our to in impress to and difference inventory can are areas work standardize power we contribute more our best and easily believe centralization to accelerate platforming will through new make we or consumers and beauty. also the units, and round and business, and done that further optimizing will impact Recent our allows of streamlining the underway Drybar these prioritize technologies opportunities and leverage streamlining made the our brands quickly, and By On our our Osprey, similar consumer we on efficiencies will faster centralizing capital supply and is focus business and cash projects improve we certain be positive for additional parts and to efficiencies. of these increase elevated on already The brand as better procurement, center. cost. business supplier centric state-of-the-art leverage such Selling selective have help to best to inventory the and side, far quickly move examples practices our outdoor retail The at capital innovation to also consolidation, reapply across more that on leverage automation more us on cost return categories. simplify distribution changes as add are down demonstrated create identify optimization capital, and projects to decisions systems organization, in more shift to initiatives next Pegasus Pegasus savings ability of our and II, that in able other Streamlining get how portfolio ones our on working good chain areas. have acquisitions these so strategy we better deploy investment acquisition our amplify what from enhance to focus flow. include effect to to purchasing and intended and new ability in network and intended free operating investment. the us scale and products on expect of will help also redeploy allow speed, reapplication chain our customers. existing building. will further The leverage Curlsmith and across of to spend on greatest Pegasus growing IT for in The in further services, of in we free delivering practices projects scale, net IT intended increase already and Phase distribution This on diversify other more in trend efficiencies our lower fast our to our are of lower to a resources marketing, us big up indirect spend our capturing accelerate rapidly collaboration brands and will we our shared even costs, supply capture the our further footprint. our will units have and
the share the line and we fiscal look of in look are compared the Turning revenue acquired at and for ups grew the important the fiscal now at pre-pandemic over even and our Stepping in and to we XX% pandemic downs of the EPA we quarterly of report to half the challenges, July. to half growth two brands quarter. believe first year provided Despite is from note various outlook earnings half XXXX organic year, the the adjusted matter it this to of year. fiscal that back past first portfolio with with leadership and the current in to sales the pleased
higher second as categories, a in and in and in on tighten throughout in our This quarter, April food, some earnings categories gasoline, change the expected in interest demand than in discussed resulting our April. inflation of response the expected Consumers calls, As further buying the March slowdown to expected beginning business. we their some accelerating in patterns continued rates and global a overall July patterns than trend purchasing notable larger in saw through such rippling we consumer impact organic higher this than and basics rent, economy.
are their diversified and to further such sell-through. prestige in as an on these as much consumers significantly down, priced on of and changes intentionally share Within our sought such generally slowed trend the as the line trusted and inventories second more outdoors reduced negative discretionary appliances purchases in delaying As were we market ups are had see in share on that in purchase result built our impact can portfolio, Vicks home-related a where categories. on trade some of performing or habits consumer and With our a best to orders cases, and some products weeks purchase down most include and those beneficiary our of portfolio discretionary adjusted strong focus repurchase thermometers segment, lower whose categories. brands quality changing categories In liquids consumer better consumers beauty from match and trading sales habits, we retailers quarter thermometers revenues brands their Other market outsized such better. in categories as hand grew alternatives. beauty and
examples packs demand as was liquids. for was Drybar demand for strong, and everyday Curlsmith As Osprey's travel
healthcare points price to and products, of As health the as have brands for humidifiers range their names families. care always, and outstanding rely and needs our with trusted such on thermometers healthcare trend essentials consumers the
growth PUR'S online. as In in the achieved and water by the Health consumables have stock growth Sales were segments. summer we increased placement humidification Vicks variants. actions in significant purifiers growth devices which on business sales Wellness, we the quarter Omicron XX.X%. in benefited surge an Looking periods, and and largely We put We the both the due EPA-related air was demand and as our brick-and-mortar product humidifiers at during and shelf and back-to-school category in its were prior more led incremental summer and able year. of consumers & in share shipment uptick to from experienced purifiers, in to shelves restored meet grew
Vicks brands peak U.S. and of and our continue we high as decline of growth off diversification consumer the period thermometers our see the historic winning segments With product achieved digital the set strong the healthy lineup thermometer both revenue a over share Vicks category last mentioned. mix. XX-week two base margins, While to our in is operating different pandemic, between serving thermometers, delivering both the the Braun and the
and grew Turning grocery, which for improved at increased strength the Internationally of included increased total quarter during were consumer Canada and online with share Asia fueled & the sales acquisition brand strong United back-to-school Sell-through retailer. to Flask lost market share our in Outdoor, the modestly States, in Osprey. sales Flask while period in by strength we collegiate and Home the sales XX.X%, largest Hydro in grew the Hydro online overall demand. in
our range launch year. had ahead, focused sales this million to remains million on as million DTC year. to strong fiscal we Osprey Looking the and fiscal on outlook contributing our platform our XXX full achieve in XX.X track we are improving for of XXX DTC presence a quarter new
ahead home-related As goods expected, in inflation. solidly COVID of declines shifted quarter. spending from their generally sell-through to OXO we pre-pandemic remains continued it to competes levels. as to some away for and OXO total similar budgets overall first The saw face level the peaks address in categories sell-through adjusted of declining consumers what Nonetheless, are from their
the Bed specific the quarter, Bath situations rarely & to you. developments update given mention we we during retail While Beyond at want
concentration are that highly public we and past statement Bed are Beyond the have years, brands with traffic leading continuing few refocus credit exposure. Over and & our have said, we been manage Bath to to of decreased driving OXO encouraged their our emphasizing sales. important by like their on so That business power
of We are their we previous contributed of this iconic highly supportive return to what strategic to the retailer. believe success
the are working highest we OXO, at levels. Regarding with closely them
a Turning in fiscal by continued the off base decline. The appliance second hair hair quarter, declined experienced XX% primarily of XXXX. Core sales by category softening to segment high the Beauty. overall in has category appliance the driven
in mass growth partially in share some online that down our lost have in channel, retail largest traded merchandisers partner. as by consumers offset We U.S.
beauty, well, as remained to growing liquid the in perform line year prestige forecast. track we the full to supply in the on its to period On performed continued Curlsmith deliver for side prior with improved meet year our demand. Drybar quarter our and over expectations the of
on look the back service more at and improved our leverages transformation. our building and acquisition to-date the prestige in has and innovation, stepping to accretive resulted shared global beauty, centric segment, II much profitability, that during consumer For a Phase organization sales, market share platform capable focus
serve current environment distribution building the products and for working challenging, While that expect we on future. blocks highly to the new new are we is as
The war-related Total outside States business. and over of the and with last are shopping Canada dollar Europe. XX.X% EMEA, and international strengths exacerbate year Asia. second what increased all the the consumer elasticities. Looking the and to in security reflects acquisitions of the Growth the This sales preferences Curlsmith. domestically, causing in higher and to energy further at exacerbated escalate impacts primarily and United macroeconomic of from and comparable we net of quarter our sales particular challenges incremental in recession by fears, served strong price shifts inflation Osprey see
are potential. We the biggest by opportunities those efforts our on provide focusing responding that
losses Osprey. now We sales deterioration by half revised year, primarily growth the driven for lead expectation and macro to in trends, the expect in We of trading second fiscal year turn our and year. organic categories the down outlook. lower like some portfolio our behavior of The of our impacting of share balance revenue international us full outlook the consolidated our to would EPS XXXX the fiscal to
inventory expectations upcoming Our pressure further revised for With corrections. the our to on outlook and retailer consumer includes return as our a assumes cold, most historical and as schooling, pre-pandemic as to and guidance season, cough, regard spending largely adults return restrictions and in COVID world. to students the flu time of incidents more in offices, dropped traveling in person parts spend are levels,
been chain outlook interruptions, thermometer certain a chip our supply has of sufficient challenge. supply impact the particularly securing where models select Lastly, includes in
how in about replenishment with better balance preserve reflect to point-of-sale to to a growth, once profitability market patterns ourselves objective our to share, thoughtful being especially goals we return port putting normalize are sell-through. retailers' We position our short-term the
By the highly history benefits significant making on we and financial choices have recognize portfolio, costs, value We we streamlining with provide. energized brands can a Pegasus to Our are processes back, the focused and consumers focused quartile to continued features, long reframing Stepping catalyst and about we long-term to on earning product are organization, top the for We and of major doing I enthusiastic and believe remain create innovation so. value consumers. trust leadership returning business our a our as company to and growth. see remain profitable position to and on our continue our ensure brands performance. quality, winning and
centric expect would the direct over our returns to With to to innovation, and produce from consumer leadership as call international and investments our continue strategic like also consumer. to attractive Matt such CFO, I in our hand We on growth new commercial our opportunities focus that, Osberg. product disciplined brands, expansion,