earnings
confidence high
sentiment negative
materiality 0.70
Lifetime Brands Q2 net loss widens to $(0.85)/share on $141.7M sales; adjusts guidance for Vasconia charge
LIFETIME BRANDS, INC
2024-Q2 EPS reported
-$1.14
revenue$283,908,000
- Q2 net sales $141.7M, down 3.2% YoY; gross margin 38.5% vs 38.2%.
- Net loss $(18.2)M ($(0.85)/share) includes $14.2M non-cash charge from loss of significant influence in Grupo Vasconia.
- Adjusted net loss $(0.6)M ($(0.03)/share) vs $(0.3)M loss a year ago.
- Full-year guidance reiterated except net loss revised to $(10)-$(8)M to reflect Vasconia charge.
- Regular quarterly dividend declared.