Earnings ·
Lifetime Brands reports Q3 net loss of $4.2M, declares $0.0425 quarterly dividend and authorizes $20M share buyback
LCUTLifetime Brands, Inc
Lifetime Brands reported a third-quarter net loss of $4.2 million, or $0.19 per diluted share, compared to a $1.2 million loss in the prior year period. Consolidated net sales increased 3.4% to $177.7 million, driven by an 18.8% rise in international sales and strong performance from the Farberware relaunch and Dollar General partnership. The quarter included a $3.3 million charge for SKU rationalization. Adjusted net income was $8.4 million, or $0.37 per diluted share. The company also updated its full-year 2026 guidance, lowering net income expectations to $19–$20.5 million from the previous range of $23–$24.5 million. Additionally, the Board declared a quarterly dividend of $0.0425 per share and authorized an increase to the share repurchase program, bringing total available authorization to $20 million. Lifetime Brands is a leading global designer, developer and marketer of branded consumer products used in the home.