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Stock impact report

Lifetime Brands, Inc. Reports Second Quarter 2024 Financial Results

Lifetime Brands, Inc. (LCUT) 
Last lifetime brands, inc. earnings: 3/11 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Declares Regular Quarterly DividendReiterates Full Year 2024 Outlook GARDEN CITY, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today reported its financial results for the quarter ended June 30, 2024. Rob Kay, Lifetime’s Chief Executive Officer, commented, “Our results for the second quarter were in line with our expectations even though macroeconomic pressures led to weakened demand across end markets. Despite these challenges, we were able to grow share across the majority of our categories, deliver growth in our e-commerce channel in our core U.S. market and expand our gross margins, a testament to the success of our operating strategy and we remain well positioned for resilient long-term growth.” Mr. Kay continued, “Looking ahead to the remainder of the year, we remain on track to drive consistent growth in line with expectations Show less Read more
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