GlobeNewswire·May 7, 2026, 7:00 AM ET

Lifetime Brands, Inc. Reports First Quarter 2026 Financial Results

Lifetime Brands, Inc. reported first quarter 2026 consolidated net sales of $143.5 million, an increase of 2.4% year-over-year.
Gross margin for the quarter was 37.7%, compared to 36.1% in the same period in 2025.
Selling, general, and administrative expenses rose to $36.8 million, an increase of 16.8% from the prior year period.
The company reported a GAAP net loss of $4.8 million, or $0.22 per diluted share, compared to a net loss of $4.2 million in 2025.
Adjusted net income for the quarter was $0.8 million, or $0.04 per diluted share, reversing an adjusted loss from the prior year.
Adjusted EBITDA for the trailing twelve months ended March 31, 2026, was $52.7 million.
Home Solutions division grew nearly 23% in the quarter, driven by the Dolly Parton brand & strong kitchen tools performance.
A new Hagerstown distribution center is now operational & on schedule.
Full year 2026 guidance includes net sales between $650 million & $700 million.
Full year 2026 adjusted diluted income per share guidance is set between $0.73 & $0.80.
Liquidity as of March 31, 2026, totaled $110.2 million, consisting of $13.9 million in cash & cash equivalents.
The company held a conference call on May 7, 2026, to discuss these financial results.