---
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"
generated_at: "2026-06-15T07:36:03.342262+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lifetime Brands Q1 net loss $8.8M ($0.41/diluted), sales down 20.4% to $145.4M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/874396/000162828023017032/0001628280-23-017032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874396/000162828023017032/lcut-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017032
- JSON: https://secwatch.observer/filing/0001628280-23-017032.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017032.txt

## Key facts
- Earnings Releases
  LIFETIME BRANDS, INC reported First Quarter 2023 results: revenue $145.4 million, net income $(8.8) million, EPS $(0.41) per diluted share.
  - Period: First Quarter 2023
  - Revenue: $145.4 million
  - Net income: $(8.8) million
  - EPS: $(0.41) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023017032/0001628280-23-017032-index.htm

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