{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-017032","form_type":"8-K","ticker":"LCUT","cik":"0000874396","company_name":"LIFETIME BRANDS, INC","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.506439+00:00","generated_at":"2026-06-15T07:36:03.342262+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lifetime Brands Q1 net loss $8.8M ($0.41/diluted), sales down 20.4% to $145.4M","bullets":["Net loss $(8.8)M or $(0.41) per diluted share vs net income $0.4M ($0.02) YoY; adjusted net loss $(2.6)M ($0.12).","Net sales $145.4M, down 20.4% YoY; gross margin improved to 37.0% from 34.5%.","Loss from operations $(1.8)M vs income $4.4M YoY; adjusted income from operations $3.4M vs $10.2M.","FY2023 guidance: net sales $660-$720M, adjusted EBITDA $50-$55M, adjusted EPS $0.58-$0.69.","Acquiring Mexico maquiladora to manufacture plastic kitchenware, reduce China exposure; expects fully operational in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-017032","json":"https://secwatch.observer/filing/0001628280-23-017032.json","markdown":"https://secwatch.observer/filing/0001628280-23-017032.md","text":"https://secwatch.observer/filing/0001628280-23-017032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874396/000162828023017032/0001628280-23-017032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874396/000162828023017032/lcut-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:36:03.342262+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2050e71cce3a680a09ffc97294590e6ecfbffffd","claim":"LIFETIME BRANDS, INC reported First Quarter 2023 results: revenue $145.4 million, net income $(8.8) million, EPS $(0.41) per diluted share.","evidence_excerpt":"First Quarter Financial Highlights: Consolidated net sales for the three months ended March 31, 2023 were $145.4 million, representing a decrease of $37.3 million, or 20.4%, as compared to net sales of $182.7 million for the corresponding period in 2022. In constant currency, a non-GAAP financial measure, which excludes the impact of foreign exchange fluctuations and was determined by applying 2023 average rates to 2022 local currency amounts, consolidated net sales decreased by $35.4 million, or 19.6%, as compared to consolidated net sales in the corresponding period in 2022. A table reconciling this non-GAAP financial measure to consolidated net sales, as reported, is included below. Gross margin for the three months ended March 31, 2023 was $53.8 million, or 37.0%, as compared to $63.1 million, or 34.5%, for the corresponding period in 2022. Loss from operations was $(1.8) million, as compared to income from operations of $4.4 million for the corresponding period in 2022. Adjusted i","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874396/000162828023017032/0001628280-23-017032-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First Quarter 2023"},{"label":"Revenue","value":"$145.4 million"},{"label":"Net income","value":"$(8.8) million"},{"label":"EPS","value":"$(0.41) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}