Quarterly ResultMay 7, 2026, 04:20 PM
Lifetime Brands Q1 Net Loss $(4.77)M; Restructuring Costs $2.03M
AI Summary
Lifetime Brands reported a net loss of $(4.77) million for Q1 2026, an increase from $(4.20) million in Q1 2025, despite a slight increase in net sales to $143.5 million. The company incurred $2.03 million in restructuring expenses during the quarter, primarily due to the relocation of its East Coast distribution operations and the closure of sterling flatware manufacturing. Operating activities generated $33.76 million in cash.
Key Highlights
- Q1 2026 net loss increased to $(4.77) million from $(4.20) million in Q1 2025.
- Net sales for Q1 2026 rose to $143.5 million, up from $140.1 million in Q1 2025.
- Basic loss per common share was $(0.22) in Q1 2026, compared to $(0.19) in Q1 2025.
- Incurred $2.03 million in restructuring expenses in Q1 2026, up from $0 in Q1 2025.
- Net cash provided by operating activities significantly increased to $33.76 million from $16.71 million.
- Cash and cash equivalents increased to $13.86 million at March 31, 2026, from $4.27 million at Dec 31, 2025.
- Declared cash dividends of $0.0425 per share for Q1 2026 and Q1 2025.
- U.S. segment net sales were $130.7 million, while International segment net sales were $12.8 million.
Price Impact
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