---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021972"
form_type: "8-K"
ticker: "LCUT"
cik: "0000874396"
company_name: "LIFETIME BRANDS, INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:57:00.144873+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lifetime Brands Q1 net sales $142.2M (-2.2% YoY); gross margin expands to 40.5%; provides FY24 guidance

## Summary
- Consolidated net sales $142.2M, down 2.2% YoY; gross margin 40.5% vs 37.0% in Q1 2023.
- Income from operations $1.8M vs loss of $(1.8)M; adjusted income from operations $5.7M vs $3.4M.
- Net loss $(6.3)M ($0.29/diluted share) vs $(8.8)M ($0.41) in prior year; adjusted net loss $(3.2)M.
- Adjusted EBITDA $59.5M for trailing twelve months ended March 31, 2024.
- FY2024 guidance: net sales $690-730M, adjusted EBITDA $57.5-62.5M, adjusted EPS $0.69-0.78.

## SEC filing metadata
- accession: 0001628280-24-021972
- form_type: 8-K
- ticker: LCUT
- cik: 0000874396
- company_name: LIFETIME BRANDS, INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/874396/000162828024021972/0001628280-24-021972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874396/000162828024021972/lcut-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021972
- JSON: https://secwatch.observer/filing/0001628280-24-021972.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021972.txt

## Key facts
- Earnings Releases
  LIFETIME BRANDS, INC reported first quarter ended March 31, 2024 results: revenue $142.2 million, net income $(6.3) million, or $(0.29) per diluted share, EPS $(0.29) per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $142.2 million
  - Net income: $(6.3) million, or $(0.29) per diluted share
  - EPS: $(0.29) per diluted share
  - Result: reported results
  source text: Consolidated net sales for the three months ended March 31, 2024 were $142.2 million, representing a decrease of $3.2 million, or 2.2%, as compared to net sales of $145.4 million for the corresponding period in 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874396/000162828024021972/0001628280-24-021972-index.htm

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