---
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"
generated_at: "2026-06-12T10:32:05.320101+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lifetime Brands Q2 net sales beat, but net loss widens on $4.4M impairment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/874396/000162828023027029/0001628280-23-027029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/lcut-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027029
- JSON: https://secwatch.observer/filing/0001628280-23-027029.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027029.txt

## Key facts
- Earnings Releases
  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.
  - Period: the six months ended June 30, 2023
  - Revenue: $291.9 million
  - Net income: $(15.3) million, or $(0.72) per diluted share
  - EPS: $(0.72) per diluted share
  - Result: reported results
  source text: Consolidated net sales for the six months ended June 30, 2023 were $291.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/0001628280-23-027029-index.htm
- Earnings Releases
  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.
  - Period: the quarter ended June 30, 2023
  - Revenue: $146.4 million
  - Net income: $(6.5) million, or $(0.31) per diluted share
  - EPS: $(0.31) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Consolidated net sales for the three months ended June 30, 2023 were $146.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/0001628280-23-027029-index.htm
- Earnings Releases
  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.
  - Period: the full year ending December 31, 2023
  - Revenue: $660 to $720 million
  - Net income: $(6.1) to $(3.8) million
  - EPS: $(0.28) to $(0.17) per share
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/874396/000162828023027029/0001628280-23-027029-index.htm

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