Lifetime Brands Inc   (LCUT)
Other Ticker:  
Price: $9.8000 $0.04 0.410%
Day's High: $10 Week Perf: -4.48 %
Day's Low: $ 9.39 30 Day Perf: 22.04 %
Volume (M): 61 52 Wk High: $ 10.58
Volume (M$): $ 601 52 Wk Avg: $6.14
Open: $9.86 52 Wk Low: $4.31

 Market Capitalization (Millions $) 206
 Shares Outstanding (Millions) 21
 Employees 1,414
 Revenues (TTM) (Millions $) 689
 Net Income (TTM) (Millions $) -8
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) 2

Lifetime Brands Inc

The Company designs, sources and sells branded kitchenware, tableware and other products used in the home and markets its products under a number of widely-recognized brand names and trademarks, which are either owned or licensed by the Company, or through retailers’ private labels and their licensed brands. The Company’s products, which are targeted primarily towards consumer purchases of moderately priced kitchenware, tableware and housewares, are sold through virtually every major level of trade. The Company generally markets several lines within each of its product categories under more than one brand. The Company sells its products directly to retailers (including through their Internet websites) and, to a lesser extent, to distributors. The Company also sells a limited selection of its products directly to consumers through its own Internet websites. At the heart of the Company is a culture of innovation.

The Company’s product categories include two categories of products used to prepare, serve and consume foods, Kitchenware (kitchen tools and gadgets, cutlery, cutting boards, shears, cookware and bakeware) and Tableware (dinnerware, stemware, flatware and giftware); and one category, Home Solutions, which comprises other products used in the home (pantryware, spice racks, thermal beverageware, food storage, neoprene travel products and home décor).

The Company has a presence in international markets through subsidiaries and affiliate companies that are based outside of the United States. The Company has two wholly-owned businesses based in the United Kingdom (“U.K”). One is Kitchen Craft, acquired in 2014, a leading supplier of kitchenware products and accessories in the U.K. and in over 70 countries. The other is Creative Tops, acquired in 2011, a supplier of private label and branded tableware (including La Cafetière and Randwyck brands, acquired in 2014) products in the U.K. other countries in Europe. The Company also has a subsidiary in China to supply kitchenware and tableware products to the market and a subsidiary based in Hong Kong to facility the sale of its products to other parts of Asia and smaller markets elsewhere in the world. The Company has a presence in Mexico and other parts of Latin America (excluding Brazil) through its 30% equity interest in Grupo Vasconia, S.A.B. (“Vasconia”), a housewares company and aluminum manufacturer based in Mexico; a presence in Brazil through a 40% equity interest in GS Internacional S/A (“GSI”) a wholesale distributor of branded housewares products in Brazil; and a strategic alliance with a Canadian company to distribute many of the Company’s products in Canada.

The Company continually evaluates opportunities to expand the reach of its brands and to invest in other companies that operate principally outside the United States and that own or license complementary brands. These opportunities involve risks as the industry and foreign markets may not evolve as anticipated and the Company’s objectives may not be achieved.
In addition to seeking opportunities to expand the Company’s international footprint, the Company regularly evaluates potential acquisitions of businesses or product lines to grow its product offerings and distribution in the United States market. In December 2012, the Company acquired Fred® & Friends, a business which designs and markets novelty housewares and other products under the Fred® brand. The acquisition resulted in an expansion of the Company’s Kitchenware product category to include novelty kitchen tools, tableware accessories, party goods, personal accessories and other products. In 2014, the Company acquired certain assets of Built NY, a designer and distributor of brightly colored, uniquely patterned neoprene travel products, including bags, totes, cases and sleeves, and acquired the business and assets of Empire Silver Company, a manufacturer of sterling silver and pewter giftware products.

   Company Address: 1000 Stewart Avenue Garden City 11530 NY
   Company Phone Number: 683-6000   Stock Exchange / Ticker: NASDAQ LCUT
   LCUT is expected to report next financial results on March 08, 2024.


Stock Performances by Major Competitors

5 Days Decrease / Increase
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Lifetime Brands Inc

Enhanced Revenue Growth Recorded at Lifetime Brands Inc During Recent Fiscal Period2.

Lifetime Brands Inc, a leading global designer, developer, and marketer of consumer products for the home, presented an impressive performance in the fiscal third quarter of 2023. The company achieved a substantial improvement in its financials, including a significant turnaround to surplus, growth in revenue, and an upward trend in profit margins.
Turnaround to Surplus and Positive Net Profit
In the fiscal third quarter of 2023, Lifetime Brands Inc reported a remarkable improvement in its earnings per share (EPS). The company achieved a positive EPS of $0.20 per share, compared to a loss of $-0.30 per share in the same period a year ago. Furthermore, net profit per share also turned positive, rising from $-0.31 per share in the preceding financial reporting period to a favorable outcome.

Lifetime Brands Inc

Lifetime Brands Inc. Witnesses a Slight Descend in Q2 2023 Revenue Amidst Prevailing Financial Challenges

Over the past five trading days, Lifetime Brands Inc has experienced a significant decline in share prices, contributing to a year-to-date performance that does not bode well for investors. Moreover, the company's financial results reveal lower revenue and increased losses, suggesting significant obstacles ahead. This article will outline these facts and explore their potential implications for Lifetime Brands Inc.
Declining Revenue and Increased Losses:
During the most recent fiscal period, Lifetime Brands Inc witnessed a decline in revenue by 3.518% to $145.99 million, compared to the previous reporting period. This decrease in revenue resulted in a net loss of $-6.520 million, a significant increase from the $-3.460 million loss recorded in the same period a year ago.

Lifetime Brands Inc

LCUT Plummets Into Negative Territory at Miscellaneous Manufacturing Company in Q1 20232.

Despite a decline in orders that caused an increase in shortfall for the Mar 31 2023 report, Lifetime Brands Inc is poised for growth. The company's shortfall per share increased to $-0.41 from $0.02 due to a 20.404% decline in revenue, falling from $182.72 million a year before to $145.44 million. The Q1 revenue also fell by 29.755% from $207.04 million while earnings per share fell from $0.14 per share, resulting in a net shortfall of $-8.805 million, instead of the balanced books in the same reporting period a year before.
However, despite the challenging market conditions, there is reason to be optimistic about Lifetime Brands Inc's future prospects. The company recorded a cumulative net loss of $-15 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on investment (ROI) of -2.99%. Within the Capital Goods sector, 124 other companies had a higher return on investment.


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