earnings
confidence high
sentiment neutral
materiality 0.70
Lifetime Brands Q1 net sales down 6.6% to $182.7M; guides FY2022 sales $904-924M
LIFETIME BRANDS, INC
2022-Q1 EPS reported
$0.02
revenue$182,717,000
- Net sales $182.7M, down 6.6% YoY from $195.7M; net income $0.4M ($0.02 EPS) vs $3.1M ($0.14) in Q1 2021.
- Adjusted net income $1.4M ($0.06 EPS) vs $2.8M ($0.13); adjusted EBITDA trailing 12 months $91.1M.
- FY2022 guidance: sales $904-924M, adjusted EBITDA $88-92M, diluted EPS $1.36-$1.50, adjusted EPS $1.50-$1.64.
- Acquired S'well in March 2022; integration nearly complete; guidance includes S'well from March 2.