secwatch.observer — SEC 8-K summary
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Issuer:     LIFETIME BRANDS, INC (LCUT)
CIK:        0000874396
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001628280-21-021621
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lifetime Brands Q3 net sales flat at $224.8M; gross margin up; raises FY2021 adj. EBITDA guidance to $88-92M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874396/000162828021021621/0001628280-21-021621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874396/000162828021021621/lcut-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021621

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer