| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 143.51 | 2.4% |
| Total Income | 143.51 | 2.4% |
| Expenditure | 145.74 | 4.9% |
| PBT | -6.45 | 48.6% |
| Net Profit | -4.77 | 13.6% |
| OPM | -1.55% | 2.34pp |
| NPM | -3.33% | 0.33pp |
| EPS | -0.22 | 15.8% |
Lifetime Brands Reports Q1 2026 Net Sales $143.5 Million, Up 2.4%
07 May 2026 · 7 May, 5:42 pm
Summary
Lifetime Brands, Inc. reported net sales for the first quarter ended March 31, 2026, of $143.5 million, representing a 2.4% increase compared to the corresponding period in 2025. Gross margin increased to 37.7% from 36.1% in the same period. The company reported a net loss of $(4.8) million, or $(0.22) per diluted share, compared to a net loss of $(4.2) million, or $(0.19) per diluted share, in the corresponding period in 2025. For the full year 2026, the company is providing net sales guidance of $650 to $700 million and adjusted EBITDA guidance of $53.5 to $56 million.
Key Highlights
- 1
Net sales for the first quarter of 2026 were $143.5 million, an increase of 2.4% compared to $140.1 million in 2025.
- 2
Gross margin for the first quarter of 2026 was $54.2 million, or 37.7%, compared to $50.6 million, or 36.1%, in 2025.
- 3
Adjusted income from operations was $5.4 million, compared to an adjusted loss from operations of $(0.9) million in the corresponding period in 2025.
- 4
Adjusted net income was $0.8 million, or $0.04 per diluted share, compared to an adjusted net loss of $(5.3) million, or $(0.25) per diluted share, in the corresponding period in 2025.
- 5
The company is providing full-year net sales guidance of $650 to $700 million.
- 6
The company is providing full-year adjusted EBITDA guidance of $53.5 to $56 million.
- 7
Home Solutions grew nearly 23% in the quarter.
Management Comments
Rob Kay
Our first quarter results validate decisions that carried short-term cost, but were right for the business. We moved first on pricing, took deliberate action on our cost structure, and continued investing in new products while many in our industry pulled back. The payoff is showing up, as net sales and adjusted EBITDA both grew year-over-year, we believe we outperformed our peers, and we are providing full-year guidance that reflects our confidence in where this business is headed. Home Solutions grew nearly 23% in the quarter, with the Dolly Parton brand continuing to build on its strong trajectory, and our kitchen tools division, our largest division, delivered a strong performance. The pricing tailwind we created by moving early is now fully embedded and structural. The new Hagerstown distribution center is online, on time and favorable to plan, and we continue to see compelling growth opportunities that could further strengthen our competitive positioning. We have a proven playbook and the momentum to deliver on our commitments to shareholders.
Informational and educational content only. Not investment advice.