Lifetime Brands Inc
NASDAQ:LCUT
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).
Sales Decline: Lifetime Brands' sales fell 6.5% in Q3 2025, broadly in line with the 6.1% decline in the overall general merchandise category.
Tariff Impacts: Fluctuating tariffs, including new 232 tariffs and reductions on imports from China, continued to disrupt shipping and sourcing, but management believes recent actions have helped mitigate most of the impact.
Margin Protection: Price increases were implemented to offset higher tariffs, largely maintaining gross margin dollars but resulting in a lower gross margin percentage.
Cost Controls: SG&A expenses in the U.S. declined over 5% year-over-year, reflecting disciplined cost management and operational efficiencies.
Liquidity & Debt: Liquidity stood at $51 million at quarter-end, with an adjusted EBITDA to net debt ratio of 4.2x.
M&A and Industry Dynamics: Management sees increased deal flow and lower valuations for potential acquisitions, driven by financial pressure on competitors.
2025 Outlook: Management expects continued volatility in the near term but sees groundwork laid for stronger performance and potential growth as the market stabilizes in 2026.
