secwatch.observer — SEC 8-K summary
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Issuer:     LIFETIME BRANDS, INC (LCUT)
CIK:        0000874396
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046280
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lifetime Brands Q3 EPS $0.02 vs $0.20; cuts FY2024 guidance on weak demand
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- Q3 net sales $183.8M (-4.1% YoY); GAAP EPS $0.02 (vs $0.20); adjusted EPS $0.21 (vs $0.36).
- CEO cites soft demand and delayed retailer shipments; Dolly Parton program delayed to Q1 2025 ($4M impact).
- FY2024 net sales guidance cut to $680-700M from $690-730M; adjusted op income $44-47M from $49-54M.
- Adjusted EPS guidance lowered to $0.51-$0.60 from $0.69-$0.78 per diluted share.
- Quarterly dividend maintained at $0.0425/share, payable Feb 14, 2025 to holders of record Jan 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874396/000162828024046280/0001628280-24-046280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874396/000162828024046280/lcut-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046280

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