---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-027988"
form_type: "8-K"
ticker: "LCUT"
cik: "0000874396"
company_name: "LIFETIME BRANDS, INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T10:51:42.551639+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lifetime Brands Q3 net loss $0.30/sh; revenue down 17%; withdraws FY22 guidance

## Summary
- Net loss $6.4M ($0.30 diluted loss) vs net income $12.6M ($0.57) in Q3 2021.
- Revenue $186.6M, down 17.0% YoY; constant-currency decline 15.7%.
- Withdrawing full-year 2022 guidance due to weak demand and inventory destocking.
- Recorded $5.1M remediation charge for Puerto Rico soil contamination and $6.2M impairment on Grupo Vasconia equity.
- Declared quarterly dividend $0.0425/share, payable Feb 15, 2023 to holders of record Feb 1, 2023.

## SEC filing metadata
- accession: 0001628280-22-027988
- form_type: 8-K
- ticker: LCUT
- cik: 0000874396
- company_name: LIFETIME BRANDS, INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874396/000162828022027988/0001628280-22-027988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874396/000162828022027988/lcut-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-027988
- JSON: https://secwatch.observer/filing/0001628280-22-027988.json
- Plain text: https://secwatch.observer/filing/0001628280-22-027988.txt

## Key facts
- Earnings Releases
  LIFETIME BRANDS, INC reported the quarter ended September 30, 2022 results: revenue $186.6 million, net income $(6.4) million, or $(0.30) per diluted share, EPS $(0.30) per diluted share.
  - Period: the quarter ended September 30, 2022
  - Revenue: $186.6 million
  - Net income: $(6.4) million, or $(0.30) per diluted share
  - EPS: $(0.30) per diluted share
  - Result: reported results
  source text: operating and financial flexibility in this uncertain environment.” Third Quarter Financial Highlights: Consolidated net sales for the three months ended September 30, 2022 were $186.6 million, representing a decrease of $38.2 million, or 17.0%, as compared to net sales of $224.8 million for the corresponding period in 2021. In constant currency, a non-GAAP financial
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828022027988/0001628280-22-027988-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.