---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-007147"
form_type: "8-K"
ticker: "LCUT"
cik: "0000874396"
company_name: "LIFETIME BRANDS, INC"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T08:05:14.748483+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lifetime Brands Q4 net sales down 19% to $207M; adjusted EPS $0.22 vs $0.65 YoY

## Summary
- Q4 net sales $207.0M, down 19.1% YoY; gross margin improved to 35.9% from 34.4%.
- Q4 adjusted net income $4.7M ($0.22 diluted EPS) vs $14.4M ($0.65) in prior year.
- Full-year 2022 net loss $6.2M ($0.29 loss per share) vs net income $20.8M ($0.94) in 2021.
- Quarterly dividend maintained at $0.0425 per share; payable May 15, 2023.
- CEO cites reduced customer orders and European weakness; expects outperform 2022 in 2023.

## SEC filing metadata
- accession: 0001628280-23-007147
- form_type: 8-K
- ticker: LCUT
- cik: 0000874396
- company_name: LIFETIME BRANDS, INC
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874396/000162828023007147/0001628280-23-007147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874396/000162828023007147/lcut-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-007147
- JSON: https://secwatch.observer/filing/0001628280-23-007147.json
- Plain text: https://secwatch.observer/filing/0001628280-23-007147.txt

## Key facts
- Earnings Releases
  LIFETIME BRANDS, INC reported the fourth quarter ended December 31, 2022 results: revenue $207.0 million, net income $3.3 million, EPS $0.15 per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $207.0 million
  - Net income: $3.3 million
  - EPS: $0.15 per diluted share
  - Result: reported results
  source text: Consolidated net sales for the three months ended December 31, 2022, were $207.0 million, representing a decrease of $48.9 million or 19.1%, as compared to $255.9 million for the corresponding period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023007147/0001628280-23-007147-index.htm
- Earnings Releases
  LIFETIME BRANDS, INC reported the year ended December 31, 2022 results: revenue $727.7 million, net income $(6.2) million, EPS $(0.29) per diluted share.
  - Period: the year ended December 31, 2022
  - Revenue: $727.7 million
  - Net income: $(6.2) million
  - EPS: $(0.29) per diluted share
  - Result: reported results
  source text: Consolidated net sales for the year ended December 31, 2022, were $727.7 million, a decrease of $135.2 million, or 15.7%, as compared to consolidated net sales of $862.9 million for the corresponding period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023007147/0001628280-23-007147-index.htm

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