secwatch.observer — SEC 8-K summary
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Issuer:     LIFETIME BRANDS, INC (LCUT)
CIK:        0000874396
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012438
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lifetime Brands Q1 net sales down 6.6% to $182.7M; guides FY2022 sales $904-924M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874396/000162828022012438/0001628280-22-012438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874396/000162828022012438/lcut-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012438

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