| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 141.57 | 1.4% | 7.4% |
| Total Income | 141.57 | 1.4% | 7.4% |
| Expenditure | 109.94 | 24.6% | 35.0% |
| PBT | 27.71 | 529.6% | 165.2% |
| Net Profit | 19.61 | 511.1% | 149.4% |
| OPM | 22.34% | 23.89pp | 50.56pp |
| NPM | 13.85% | 17.18pp | 43.96pp |
| EPS | 0.89 | 504.6% | 148.6% |
Lifetime Brands Reports Q2 2026 Financial Results
06 Aug 2026 · 6 Aug, 5:39 pm
Summary
Lifetime Brands reported a strong second quarter for 2026, with net sales increasing by 7.4% year-over-year to $141.6 million, driven by growth in warehouse club programs and e-commerce. The company saw a significant turnaround in profitability, with income from operations reaching $31.6 million compared to a loss in the prior year, aided by a $40.1 million tariff refund benefit. Net income was $19.6 million, or $0.87 per diluted share, a marked improvement from a net loss in Q2 2025. Management reaffirmed full-year net sales guidance and raised earnings guidance, citing the positive impact of tariff refunds and underlying business performance.
Key Highlights
- 1
Lifetime Brands reported consolidated net sales of $141.6 million for the second quarter ended June 30, 2026, an increase of 7.4% compared to the prior year period.
- 2
Gross margin for the second quarter was $93.2 million, or 65.9%, significantly improved from $50.8 million, or 38.6%, in the corresponding period of 2025, benefiting from a $40.1 million tariff refund.
- 3
Income from operations for the second quarter was $31.6 million, a substantial improvement from a loss of $37.2 million in the prior year period, which included a $33.2 million goodwill impairment charge.
- 4
Net income for the second quarter was $19.6 million, or $0.87 per diluted share, compared to a net loss of $39.7 million, or $1.83 per diluted share, in the same period of 2025.
- 5
Adjusted net income for the second quarter was $26.6 million, or $1.18 per diluted share, a significant increase from an adjusted net loss of $2.6 million, or $0.12 per diluted share, in the prior year.
- 6
For the six months ended June 30, 2026, consolidated net sales increased by 4.9% to $285.1 million compared to the prior year period.
- 7
The company reaffirmed its full-year 2026 net sales guidance and raised its earnings guidance, reflecting the recognition of tariff refunds.
Management Comments
Rob Kay
Our second quarter results were in line with expectations and reflected notable growth compared to the prior year period that had been adversely impacted by the U.S. government implementation of initial high tariff rates across many countries. Net sales were up 7.4% and we saw significant earnings growth that includes the expected recovery of tariffs we paid in 2025. We will put that capital to work, paying the associated taxes, restoring reductions that had been implemented in 2025 to increase our bottom line against the impact from these tariff expenses and to fund the investments to bolster competitiveness and restore the balance sheet strength which we have used to fund the carrying cost of tariffs paid. Accordingly, since the end of the first quarter, we have repaid $40 million of term debt using cash generated from operations and the receipt of tariff refunds. The underlying business performed well despite softer end markets, led by growth in warehouse club programs and e-commerce. The relaunch of our redesigned Farberware line is off to an encouraging start and we extended our Dolly Parton license for an additional three years, reflecting the continued strength of that partnership. Our International segment again narrowed its losses and remains on track to achieve break-even in 2026, and the Hagerstown facility is online. While this new facility is experiencing startup challenges, we remain targeted for full operation by the fourth quarter this year. For 2026, we are reaffirming our net sales guidance, and raising earnings guidance to reflect the recognition of the tariff refunds. As previously announced, we look forward to presenting our longer-term strategy at our upcoming Investor Day this December.
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