Lifetime Brands Inc Stock Price, News & Analysis

Lifetime Brands, Inc. (NasdaqGS: LCUT) has signed an agreement to expand its Mikasa Hospitality division by distributing and marketing the Royal Leerdam® and ONIS® premium glassware brands. This move strengthens Lifetime's position in the Commercial Food Services sector, targeting a $2 billion addressable market. The new product offerings are expected to begin shipping in 2024, potentially generating additional revenue for the company.

Royal Leerdam, with a 145-year legacy, is known for its elegant and functional glassware designs for the hospitality industry. ONIS, a new brand from Leerdam Crisal Glass, offers bold and innovative professional glassware. This expansion aligns with Mikasa Hospitality's commitment to providing high-quality dinnerware, flatware, buffetware, serveware, and now premium glassware for the foodservice industry.

Lifetime Brands (NasdaqGS: LCUT), a leading global designer and marketer of branded consumer home products, has announced its participation in the Sidoti Virtual Small-Cap Investor Conference on September 18-19, 2024. CEO Robert Kay and CFO Laurence Winoker will present virtually on September 18 at 9:15am ET. Investors can access the webcast and presentation materials through the company's investor relations website. Management will also be available for one-on-one meetings during the conference, which can be scheduled through Sidoti representatives or by contacting Lifetime Brands' investor relations.

Lifetime Brands, Inc. (NasdaqGS: LCUT) reported its Q2 2024 financial results, with consolidated net sales of $141.7 million, a 3.2% decrease from Q2 2023. Despite macroeconomic pressures, the company expanded gross margins to 38.5% and grew market share across most categories. However, the company reported a net loss of $18.2 million, largely due to a $14.2 million non-cash charge related to its Grupo Vasconia investment. Lifetime Brands reiterated its full-year 2024 guidance for most metrics, adjusting only the net loss forecast. The company declared a quarterly dividend of $0.0425 per share and maintains a strong liquidity position of $119.3 million as of June 30, 2024.

Lifetime Brands (NasdaqGS: LCUT), a leading global designer and marketer of branded consumer products for the home, has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024 at 7:00 a.m. Eastern Time. The company has scheduled a conference call at 11:00 a.m. where CEO Rob Kay and CFO Larry Winoker will discuss the results and answer investor questions.

Investors can join the call by dialing (800) 715-9871 or +1 (646) 307-1963 (International) with conference ID 4033645. A live webcast will also be available. Lifetime Brands markets products under well-known kitchenware brands such as Farberware®, KitchenAid®, and Sabatier®, as well as tableware and home solutions brands.

Lifetime Brands announced the results of its 2024 Annual Meeting of Stockholders held on June 20, 2024. Stockholders elected nine directors including Jeffrey Siegel and Robert B. Kay. Ernst & Young LLP was ratified as the independent auditor for 2024. Stockholders approved the 2023 executive compensation and amended the 2000 Long-Term Incentive Plan. Additionally, a cash dividend of $0.0425 per share was declared, payable on August 15, 2024, to stockholders of record on August 1, 2024.

Lifetime Brands, Inc. reported its Q1 2024 financial results with an income and EBITDA growth, highlighting its performance. Despite a decrease in consolidated net sales, the company managed to expand margins, increase profitability, and strengthen its business. The CEO expressed confidence in the company's ability to compete and create value for shareholders, backed by solid performance and strategic growth initiatives. The company provided financial guidance for the full year 2024, aiming for net sales of $690 to $730 million and adjusted EBITDA of $57.5 to $62.5 million.

Lifetime Brands, Inc. (LCUT) will report its first quarter financial results on May 9, 2024. The company, a global designer and marketer of consumer products for the home, will hold a conference call after the release. Lifetime Brands offers a diverse range of kitchenware, tableware, giftware, and home solutions under various popular brands and also supplies private label products to retailers.