earnings
confidence high
sentiment positive
materiality 0.75
Lifetime Brands Q3 net sales flat at $224.8M; gross margin up; raises FY2021 adj. EBITDA guidance to $88-92M
LIFETIME BRANDS, INC
2021-Q3 EPS reported
$0.98
revenue$607,066,000
- Q3 net sales $224.8M (flat YoY); gross margin 37.0% vs 35.1% YoY.
- Q3 GAAP net income $12.6M ($0.57 diluted EPS); adjusted net income $13.4M ($0.61).
- Nine-month net sales up 16.8% to $607.1M; net income $21.4M vs ($18.2M) loss YoY.
- TTM adjusted EBITDA $96.7M, up 25.1% vs $77.3M for FY2020.
- Raised FY2021 guidance: net sales $870-890M, adj. EBITDA $88-92M, adj. EPS $1.42-1.54.