Lifetime Brands, Inc.
3.6000-0.02 (-0.55%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · LCUT · USD
Key Stats
Market Cap
81.57MP/E (TTM)
-Basic EPS (TTM)
-1.60Dividend Yield
0.05%Recent Filings
8-K
Q2 sales dip, impairment hit
Lifetime Brands reported Q2 2025 net sales of $131.9 million, down 6.9% from $141.7 million last year, amid macroeconomic pressures and tariff headwinds. A $33.2 million non-cash goodwill impairment slashed operating income to a $37.2 million loss, yet gross margin held steady at 38.6% through solid pricing and supply chain execution. Adjusted operations turned a slim $0.9 million profit. Strong liquidity at $96.9 million buffers volatility. Tariffs triggered the impairment.
10-Q
Q2 FY2025 results
Lifetime Brands posted Q2 net sales of $131.9M, down 6.9% y/y but up 3.7% q/q (derived), with gross margin steady at 38.6% amid softer U.S. demand in tableware and home solutions, offset by kitchenware gains. Operating loss hit $37.2M, swinging from a $1.2M profit y/y due to a $33.2M goodwill impairment from tariff-driven forecast cuts, while net loss widened to $39.7M or $1.83/share from $18.2M or $0.85/share y/y, reconciled to 21.7M diluted shares with no anti-dilution. Cash climbed to $12.0M on $26.1M YTD operating cash flow, yielding $23.3M free cash flow (derived); total debt stood at $171.1M with $65.7M ABL availability under covenants. Tariffs loom large, squeezing margins if unmitigated.
8-K
Annual meeting results and dividend
Lifetime Brands held its 2025 annual meeting on June 18, electing all ten board nominees with strong support, though some faced notable withhold votes. Shareholders ratified Ernst & Young as auditors for the year ending December 31, 2025, and approved executive compensation on an advisory basis. The board declared a quarterly dividend of $0.0425 per share, payable August 15 to holders of record August 1. Continuity prevails.
8-K
Q1 sales dip 1.5%
Lifetime Brands reported Q1 2025 net sales of $140.1 million, down 1.5% from $142.2 million in Q1 2024, hit by mass channel declines amid retail slowdowns and tariff concerns, yet offset by gains in e-commerce and dollar channels. Gross margin slipped to 36.1% from 40.5% due to product mix shifts, while SG&A expenses dropped 20.3% to $31.5 million, boosted by a $6.4 million legal settlement gain, yielding operating income of $1.1 million. Project Concord advances international turnaround, with manufacturing shift from China to diversified locales by year-end. Uncertainty persists.
10-Q
Q1 FY2025 results
Lifetime Brands posted Q1 net sales of $140.1M, down 1.5% y/y, with U.S. kitchenware dipping 4.8% on softer tools and cutlery, yet tableware climbed 7.0% via dollar channel gains and home solutions edged up 0.9%. Gross margin slipped to 36.1% from 40.5%, hit by mix shifts, while operating income held at $1.1M versus $1.8M y/y, buoyed by a $6.4M legal settlement gain offsetting higher distribution costs from inventory buildup. Cash jumped to $10.4M, with operating cash flow at $16.7M (up from $10.5M y/y) and free cash flow of $15.1M (derived); total debt stood at $169M under a $200M revolver with $63.2M availability, compliant on covenants. The firm inked a new Maryland distribution lease starting 2026, eyeing $13.1M in tax incentives. Tariffs loom large, though.
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