{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-027029","form_type":"8-K","ticker":"LCUT","cik":"0000874396","company_name":"LIFETIME BRANDS, INC","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.835921+00:00","generated_at":"2026-06-12T10:32:05.320101+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lifetime Brands Q2 net sales beat, but net loss widens on $4.4M impairment","bullets":["Q2 net sales $146.4M (-3.2% YoY), beating estimates; gross margin improved to 38.2% from 36.5%.","Adjusted income from operations $8.4M vs $4.2M YoY; adjusted net loss $0.3M ($0.02/sh) vs $0.2M.","Net loss $6.5M ($0.31/sh) includes $4.4M impairment on equity investment in Grupo Vasconia.","Full-year 2023 guidance reaffirmed on sales, op income, adj. EBITDA; net loss guidance lowered.","Regular quarterly dividend declared; liquidity $190.5M at quarter end."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-027029","json":"https://secwatch.observer/filing/0001628280-23-027029.json","markdown":"https://secwatch.observer/filing/0001628280-23-027029.md","text":"https://secwatch.observer/filing/0001628280-23-027029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/0001628280-23-027029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/lcut-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T10:32:05.320101+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":"86c16cc4989d5902e141e5bce9ff81b891c40165","claim":"LIFETIME BRANDS, INC reported the six months ended June 30, 2023 results: revenue $291.9 million, net income $(15.3) million, or $(0.72) per diluted share, EPS $(0.72) per diluted share.","evidence_excerpt":"Consolidated net sales for the six months ended June 30, 2023 were $291.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/0001628280-23-027029-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$291.9 million"},{"label":"Net income","value":"$(15.3) million, or $(0.72) per diluted share"},{"label":"EPS","value":"$(0.72) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"98e60a84cd7b05fe5a5f16318c78760b735aa630","claim":"LIFETIME BRANDS, INC reported the quarter ended June 30, 2023 results: revenue $146.4 million, net income $(6.5) million, or $(0.31) per diluted share, EPS $(0.31) per diluted share. Guidance reaffirmed.","evidence_excerpt":"Consolidated net sales for the three months ended June 30, 2023 were $146.4 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/0001628280-23-027029-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$146.4 million"},{"label":"Net income","value":"$(6.5) million, or $(0.31) per diluted share"},{"label":"EPS","value":"$(0.31) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9bf5a644e07b83e29eb28e1aa8c90bd615d3e0e6","claim":"LIFETIME BRANDS, INC reported the full year ending December 31, 2023 results: revenue $660 to $720 million, net income $(6.1) to $(3.8) million, EPS $(0.28) to $(0.17) per share. Guidance reaffirmed.","evidence_excerpt":"below primarily as a result of the non-cash impairment charge in the Company’s equity investment in Grupo Vasconia that was recorded in the second quarter of 2023. Net sales $660 to $720 million Income from operations $24.5 to $29.5 million Adjusted income from operations $41.5 to $46.5 million Net loss $(6.1) to $(3.8) million Adjusted net income $11.6 to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/0001628280-23-027029-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ending December 31, 2023"},{"label":"Revenue","value":"$660 to $720 million"},{"label":"Net income","value":"$(6.1) to $(3.8) million"},{"label":"EPS","value":"$(0.28) to $(0.17) per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}