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Stock impact report

Lifetime Brands, Inc. Reports Third 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 Dividend GARDEN CITY, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products, today reported its financial results for the quarter ended September 30, 2024. Rob Kay, Lifetime’s Chief Executive Officer, commented, “While we are disappointed that our third quarter results did not meet our internal projections due to soft demand in end markets combined with delayed shipments to retailers, we have maintained market share position and saw year over year growth in our International segment which is starting to benefit from our restructuring actions. In addition, we maintained a healthy gross margin above 36% for seven consecutive quarters. As a result of our lower than projected third quarter results, largely due to near quarter-end notification from our retail channel of delayed shipments shifting product deliveries by one to two quarters, Show less Read more
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