Quarterly ResultMay 7, 2026, 08:12 AM
Lifetime Brands Q1 Net Sales +2.4% to $143.5M; Adj. EPS $0.04; Positive FY26 Outlook
AI Summary
Lifetime Brands, Inc. reported first-quarter 2026 financial results, with consolidated net sales increasing 2.4% to $143.5 million and adjusted net income reaching $0.8 million, or $0.04 per diluted share. The company also provided positive full-year 2026 guidance, projecting net sales between $650 million and $700 million and adjusted diluted income per share of $0.73 to $0.80. CEO Rob Kay highlighted strong performance in Home Solutions, which grew nearly 23%, and the successful integration of the new Hagerstown distribution center.
Key Highlights
- Consolidated net sales increased 2.4% to $143.5 million for Q1 2026.
- Adjusted net income was $0.8 million, or $0.04 per diluted share, for Q1 2026.
- Adjusted income from operations rose to $5.4 million in Q1 2026 from $(0.9) million in Q1 2025.
- Home Solutions segment net sales grew nearly 23% in the first quarter.
- Full-year 2026 net sales guidance is $650 million to $700 million.
- Full-year 2026 adjusted diluted income per share guidance is $0.73 to $0.80.
- Full-year 2026 Adjusted EBITDA guidance is $53.5 million to $56 million.
- Liquidity as of March 31, 2026, was $110.2 million.