| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 171.91 | 30.4% | 6.5% |
| Total Income | 171.91 | 30.4% | 6.5% |
| Expenditure | 165.22 | 2.3% | 5.7% |
| PBT | 1.67 | 103.9% | 9.7% |
| Net Profit | -1.19 | 97.0% | 450.0% |
| OPM | 3.89% | 32.11pp | 0.79pp |
| NPM | -0.69% | 29.41pp | 0.88pp |
| EPS | -0.05 | 97.3% | 350.0% |
Lifetime Brands Reports Q3 2025 Results; Net Sales $171.9 Million
04 May 2026 · 4 May, 7:51 am
Summary
Lifetime Brands reported a decrease in consolidated net sales for the third quarter of 2025, amounting to $171.9 million, a 6.5% decrease compared to the previous year. The gross margin also decreased to 35.1% from 36.7% in 2024. The company experienced a net loss of $(1.2) million, contrasting with a net income of $0.3 million in the same period last year. For the nine months ended September 30, 2025, consolidated net sales were $443.9 million, a 5.1% decrease year-over-year, and the company reported a loss from operations of $(29.4) million, which includes a non-cash goodwill impairment charge.
Key Highlights
- 1
Consolidated net sales for the third quarter of 2025 were $171.9 million, a decrease of 6.5% compared to 2024.
- 2
Gross margin for the third quarter of 2025 was $60.4 million, or 35.1%, compared to $67.4 million, or 36.7%, in 2024.
- 3
Selling, general and administrative expenses decreased by 8.5% to $35.5 million for the third quarter of 2025.
- 4
The company reported a net loss of $(1.2) million, or $(0.05) per diluted share, compared to a net income of $0.3 million, or $0.02 per diluted share, in the corresponding period in 2024.
- 5
Consolidated net sales for the nine months ended September 30, 2025, were $443.9 million, a decrease of 5.1% compared to 2024.
- 6
Loss from operations was $(29.4) million for the nine months ended September 30, 2025, compared to income from operations of $11.6 million in 2024, including a non-cash goodwill impairment charge of $33.2 million.
- 7
Liquidity as of September 30, 2025, was $50.9 million, consisting of cash and cash equivalents, availability under the ABL Agreement, and available funding under the Receivables Purchase Agreement.
Management Comments
Rob Kay
While the current tariff environment has created near-term volatility, Lifetime has navigated challenges like this before, and our actions are positioning us to emerge stronger. With a fully implemented tariff-mitigation strategy, disciplined cost management, and the benefits of Project Concord, we’ve demonstrated our ability to adapt and execute. Periods of disruption often create opportunity, and we are seeing that play out today. Many in our industry are under pressure, and we are in the right position: financially, operationally, and strategically to capitalize on those dynamics. We continue to evaluate M&A opportunities that could further strengthen our market share and long-term competitive positioning. As the broader market stabilizes, we expect the progress we’ve made this year to translate into stronger performance, greater resilience, and renewed growth momentum ahead.
Informational and educational content only. Not investment advice.