secwatch.observer — SEC 8-K summary
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Issuer:     LIFETIME BRANDS, INC (LCUT)
CIK:        0000874396
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001628280-22-027988
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874396/000162828022027988/0001628280-22-027988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874396/000162828022027988/lcut-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027988

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