secwatch.observer — SEC 8-K summary
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Issuer:     LIFETIME BRANDS, INC (LCUT)
CIK:        0000874396
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-021972
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874396/000162828024021972/0001628280-24-021972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874396/000162828024021972/lcut-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021972

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer