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Lifetime Brands, Inc. Reports Third Quarter 2025 Financial Results

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  • Lifetime Brands, Inc. reported third-quarter net sales of $171.9 million, a 6.5% decrease from $183.8 million in the same period of 2024.
  • Consolidated net sales for the nine months ended September 30, 2025, were $443.9 million, down 5.1% from $467.7 million in the prior year.
  • Gross margin for the third quarter was 35.1%, down from 36.7% in the corresponding 2024 period.
  • Selling, general, & administrative expenses decreased by 8.5% to $35.5 million in the third quarter & fell 10.4% to $104.5 million for the nine-month period, which included a $6.4 million legal settlement gain.
  • The company reported a net loss of $1.2 million ($0.05 per share) for the quarter & a net loss of $45.1 million ($2.08 per share) for the nine months.
  • The nine-month net loss included a $33.2 million non-cash goodwill impairment charge related to the U.S. segment.
  • Adjusted net income for the quarter was $2.5 million ($0.11 per share), while adjusted net loss for the nine months was $5.4 million ($0.25 per share).
  • Adjusted EBITDA for the trailing twelve months ended September 30, 2025, was $47.2 million.
  • Liquidity as of September 30, 2025, totaled $50.9 million, consisting of $12.1 million in cash & cash equivalents plus $38.8 million in available credit facilities.
  • Management continues to refrain from issuing formal financial guidance for 2025 due to ongoing tariff uncertainty.
  • The Board of Directors declared a quarterly dividend of $0.0425 per share, payable on February 13, 2026.
  • Project Concord is advancing to enhance efficiency & margins in the International segment.
  • The company remains focused on disciplined cost management & evaluating M&A opportunities to strengthen market position.