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Lifetime Brands, Inc. Reports Second Quarter 2026 Financial Results

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  • Lifetime Brands, Inc. declared a regular quarterly dividend of $0.0425 per share payable on November 13, 2026, to stockholders of record on October 30, 2026.
  • The company reported second-quarter 2026 net sales of $141.6 million, a 7.4% increase compared to $131.9 million in the prior year period.
  • Second-quarter gross margin improved to 65.9% from 38.6% in 2025, largely due to a $40.1 million tariff refund benefit included in the current period.
  • Income from operations for the second quarter was $31.6 million, a significant turnaround from a $37.2 million loss in 2025 which included a $33.2 million non-cash goodwill impairment charge.
  • Net income for the second quarter was $19.6 million ($0.87 per diluted share), compared to a net loss of $39.7 million ($1.83 per diluted share) in the prior year.
  • The company repaid $40 million of term debt since the end of the first quarter using cash generated from operations and tariff refunds.
  • Full-year 2026 net sales guidance remains unchanged at $650 million to $700 million, while earnings guidance was raised significantly to reflect the recognition of tariff refunds.
  • Updated full-year 2026 net income guidance is $23 million to $24.5 million, up from the previous loss guidance of $(6.5) million to $(5) million.
  • The Hagerstown facility is now online with full operations targeted for the fourth quarter of 2026 despite current startup challenges.
  • Lifetime Brands extended its Dolly Parton license for an additional three years and noted an encouraging start for the relaunch of the redesigned Farberware line.
  • The International segment narrowed its losses and remains on track to achieve break-even in 2026.
  • Liquidity as of June 30, 2026, totaled $150.6 million, consisting of $5.5 million in cash, $128.3 million in availability under the ABL Agreement, and $16.8 million under the Receivables Purchase Agreement.
  • Adjusted EBITDA for the trailing twelve months ended June 30, 2026, was $92.0 million.