Earnings Releases·Nov 5, 2026, 8:04 AM ET

Lifetime Brands, Inc. — Third Quarter 2026 Earnings Summary

Consolidated net sales rose 3.4% year-over-year to $177.7 million for the quarter and 4.3% to $462.8 million for the nine months; adjusted net income for the quarter increased to $8.4 million ($0.37/share) from $2.5 million ($0.11/share), while GAAP net loss narrowed to $(4.2) million from $(1.2) million.
Full-year 2026 net sales guidance was raised to $660–$700 million, but income from operations, net income, and diluted EPS guidance were lowered due to operating expenses and one-time charges, though adjusted income from operations, adjusted net income, and adjusted EBITDA guidance remained unchanged.
The Board authorized a $20 million share repurchase program and declared a quarterly dividend of $0.0425 per share, while management noted that the 2026 refinancing has lowered borrowing costs and strengthened financial flexibility.
International sales grew 18.8% in the quarter as Project Concord approaches breakeven, and the Dollar General partnership is on track to generate approximately $20 million in sales for the year.