Quarterly ResultAug 6, 2026, 07:09 AM
Lifetime Brands Q2 Net Income $19.6M; Raises FY26 Earnings Guidance
AI Summary
Lifetime Brands reported strong second-quarter 2026 financial results, with net sales up 7.4% to $141.6 million and a significant turnaround to net income of $19.6 million, largely driven by a $40.1 million tariff refund benefit. The company also raised its full-year 2026 earnings guidance, with Adjusted Net Income now projected between $46 million and $47.5 million. Additionally, Lifetime Brands announced a quarterly dividend of $0.0425 per share and repaid $40 million in term debt.
Key Highlights
- Q2 2026 Net Sales increased 7.4% to $141.6 million from $131.9 million YoY.
- Q2 2026 Net Income was $19.6 million ($0.87 EPS) vs. $(39.7) million loss ($(1.83) EPS) in Q2 2025.
- Q2 2026 Adjusted Net Income was $26.6 million ($1.18 EPS) vs. $(2.6) million loss ($(0.12) EPS) in Q2 2025.
- Full-year 2026 Net Sales guidance reaffirmed at $650 million to $700 million.
- Full-year 2026 Adjusted Net Income guidance raised to $46 million-$47.5 million from $16 million-$17.5 million.
- Full-year 2026 Adjusted Diluted EPS guidance raised to $2.06-$2.13 from $0.73-$0.80.
- Repaid $40 million of term debt using cash from operations and tariff refunds.
- Declared a regular quarterly dividend of $0.0425 per share.
Price Impact
More from LCUT