Lifetime Brands Inc (LCUT) News & EventsLCUTLifetime Brands Inc

Lifetime Reports Q1 Revenue of $143.51M, Beating Expectations

Reports Q1 revenue $143.51M, consensus $137.57M. Rob Kay, Lifetime's Chief Executive Officer, commented, "Our first quarter results validate decisions that carried short-term cost, but were right for the business. We moved first on pricing, took deliberate action on our cost structure, and continued investing in new products while many in our industry pulled back. The payoff is showing up, as net sales and adjusted EBITDA both grew year-over-year, we believe we outperformed our peers, and we are providing full-year guidance that reflects our confidence in where this business is headed. Home Solutions grew nearly 23% in the quarter, with the Dolly Parton brand continuing to build on its strong trajectory, and our kitchen tools division, our largest division, delivered a strong performance. The pricing tailwind we created by moving early is now fully embedded and structural. The new Hagerstown distribution center is online, on time and favorable to plan, and we continue to see compelling growth opportunities that could further strengthen our competitive positioning. We have a proven playbook and the momentum to deliver on our commitments to shareholders."

Sees FY26 Revenue View of $650M-$700M

Sees FY26 revenue view $650M-$700M, consensus $658.12M. Sees FY26 adjusted EBITDA $53.5M-$56M.