Lifetime Brands, Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net sales $177.7M, up 3.4% year over year
- ➤Q3 adjusted net income $8.4M, or $0.37 per share
- ➤Full-year net income guidance cut to $19M-$20.5M
- ➤Full-year net sales guidance raised to $660M-$700M
- ➤Board authorizes $20M share repurchase program
Expert Statements
Rob Kay, Chief Executive Officer of Lifetime Brands
“We delivered net sales growth of 3.4% and expanded gross margin by 140 basis points in the third quarter as momentum continues across key parts of the business. International sales grew 18.8% and the segment approached breakeven as Project Concord takes hold. Home décor continues to grow, our Farberware relaunch is performing well, and our Dollar General partnership, launched in 2024, is on track to approach $20 million in sales this year. This year’s refinancing lowered our borrowing costs and strengthened our financial flexibility, and our new $20 million share repurchase authorization provides additional flexibility to return capital to shareholders. We look forward to sharing our capital allocation strategy and the tailwinds we see for 2027 at our Investor Day on December 1(st).”
GARDEN CITY, N.Y., Nov. 06, 2026 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT). On November 5, 2026, Lifetime Brands, Inc. (the “Company”) issued a press release disclosing, among other matters, its financial results for the quarter ended September 30, 2026. Subsequent to the press release, the Company identified an inadvertent omission of Adjusted EBITDA, before limitations, for the trailing twelve-month period ended September 30, 2026, which was $92.4 million. This updated release clarifies the Adjusted EBITDA measures for the trailing twelve months ended September 30, 2026 and there are no other changes in the Company’s reported financial results. The updated release reads as follows.
GARDEN CITY, NY, November 5, 2026 – Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today reported its financial results for the quarter ended September 30, 2026.
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