Lifetime Brands Inc
NASDAQ:LCUT
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Lifetime Brands Inc
NASDAQ:LCUT
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Lifetime Brands Inc
Lifetime Brands, Inc. provides kitchenware and tableware products. The company is headquartered in Garden City, New York and currently employs 1,350 full-time employees. The firm operates through two segments: United States (U.S.) segment and International segment. The U.S. segment designs, markets, and distributes its products to retailers, distributors and directly to consumers through its websites. The International segment consists of business operations conducted outside the U.S. The firm's product categories include two categories of products used to prepare, serve, and consume foods, including Kitchenware (kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantry ware, spice racks and bakeware) and Tableware (dinnerware, stemware, flatware, and giftware). Its Home Solutions category includes products used in the home (thermal beverageware, bath scales, weather and outdoor household products, food storage, neoprene travel products and home decor).
Lifetime Brands, Inc. provides kitchenware and tableware products. The company is headquartered in Garden City, New York and currently employs 1,350 full-time employees. The firm operates through two segments: United States (U.S.) segment and International segment. The U.S. segment designs, markets, and distributes its products to retailers, distributors and directly to consumers through its websites. The International segment consists of business operations conducted outside the U.S. The firm's product categories include two categories of products used to prepare, serve, and consume foods, including Kitchenware (kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantry ware, spice racks and bakeware) and Tableware (dinnerware, stemware, flatware, and giftware). Its Home Solutions category includes products used in the home (thermal beverageware, bath scales, weather and outdoor household products, food storage, neoprene travel products and home decor).
Tariffs & Pricing: Management said 145% tariffs on China in 2025 caused major disruption; Lifetime moved early to raise prices across channels to offset tariffs and captured improved margins once the market re-priced.
Profitability: Q4 2025 net income was $18.2 million ($0.83/sh) versus $8.9 million ($0.41) a year ago, and adjusted EBITDA for the full year was $50.8 million; margins expanded despite a 5.2% decline in net sales.
Sales & Volume: Consolidated sales fell 5.2% to $204.1 million in Q4; management expects more normalized seasonality and a priority on recovering sustainable top-line growth in 2026.
Cost Discipline: SG&A fell 12% to $38.0 million in Q4 and U.S. distribution expense improved (8.3% of goods shipped vs. 9.1% prior year) due to efficiency actions and warehouse systems.
International & Restructuring: International sales showed resilience (full year $56.7 million, up 1.7% reported) while Project Concord restructuring progress continued but final phase delayed into H1 2026.
Capital & Operations: East Coast DC relocation to Hagerstown (≈1 million sq ft) expected to start operations in Q2 2026; year-end liquidity was $76.6 million and adjusted EBITDA/net debt ~2.9x.