LIFETIME BRANDS, INC
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
LCUT$7.98+6.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (unaudited) – and
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $131,862 | $141,666 | $271,947 | $283,908 |
| Cost of sales | 81,023 | 87,116 | 170,471 | 171,811 |
| Gross margin | 50,839 | 54,550 | 101,476 | 112,097 |
| Distribution expenses | 17,314 | 15,052 | 35,384 | 31,233 |
| Selling, general and administrative expenses | 37,495 | 38,331 | 68,963 | 77,867 |
| Goodwill impairment | 33,237 | — | 33,237 | — |
| (Loss) income from operations | (37,207) | 1,167 | (36,108) | 2,997 |
| Interest expense | (5,054) | (5,157) | (9,969) | (10,771) |
| Mark to market loss on interest rate derivatives | (220) | (82) | (747) | (256) |
| Loss on equity securities | — | (14,152) | — | (14,152) |
| Loss before income taxes and equity in losses | (42,481) | (18,224) | (46,824) | (22,182) |
| Income tax benefit (provision) | 2,782 | 57 | 2,924 | (153) |
| Equity in losses, net of taxes | — | — | — | (2,092) |
| NET LOSS | $(39,699) | $(18,167) | $(43,900) | $(24,427) |
| BASIC LOSS PER COMMON SHARE | $(1.83) | $(0.85) | $(2.03) | $(1.14) |
| DILUTED LOSS PER COMMON SHARE | $(1.83) | $(0.85) | $(2.03) | $(1.14) |
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