Welcome to our dedicated page for Lifetime Brands news (Ticker: LCUT), a resource for investors and traders seeking the latest updates and insights on Lifetime Brands stock.
Lifetime Brands Inc (LCUT), a global leader in kitchenware and home essentials, maintains this dedicated news hub for investors and industry followers. Access official press releases, financial disclosures, and strategic updates from the company behind Farberware, KitchenAid, and other iconic brands.
This resource provides centralized access to critical developments including quarterly earnings, product innovations, retail partnerships, and operational milestones. Stay informed about LCUT's market position through verified announcements and regulatory filings.
Key updates cover product launches in cookware and tableware, supply chain enhancements, and leadership changes. Content is curated to help stakeholders track the company's performance in consumer goods markets across North America and international regions.
Bookmark this page for real-time notifications about LCUT's brand expansions and industry initiatives. Check regularly for authoritative updates directly from Lifetime Brands' corporate communications team.
Lifetime Brands, Inc. (NasdaqGS: LCUT) reported its Q4 and full-year results for 2022, showing a consolidated net sales decline of $48.9 million (19.1%) year-over-year for Q4, totaling $207 million. Full-year net sales decreased by $135.2 million (15.7%) to $727.7 million. Despite inflation and inventory challenges impacting demand, gross margins improved to 35.9% for Q4 from 34.4% in 2021. Net income for Q4 was $3.3 million ($0.15 per diluted share), contrasting with a net loss of $0.6 million in the prior year. The Board declared a quarterly dividend of $0.0425 per share, payable May 15, 2023.
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