Lifetime Brands Q4 sales up 6% to $215M; adjusted EPS $0.55; launches Project Concord

LIFETIME BRANDS, INC

Q4 net sales $215.2M (+6% YoY); U.S. +5.8%, International +4.4% constant currency.
Q4 adjusted diluted EPS $0.55 vs $0.29 prior year; GAAP net income $8.9M vs $2.7M.
Full year net sales $683M (-0.5% YoY); GAAP net loss $(15.2)M vs $(8.4)M; adjusted net income $12.6M.
Launched Project Concord in Jan 2025 to turnaround International business; aims for breakeven profitability.
Relocating NJ distribution to Hagerstown, MD (operational Q2 2026); $7M exit costs, $10M capex, $13M incentives.

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