LIFETIME BRANDS INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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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.
Mar 31, 2024 · Filed May 9, 2024
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 EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $142,242 | $145,435 |
| Cost of sales | 84,695 | 91,593 |
| Gross margin | 57,547 | 53,842 |
| Distribution expenses | 16,181 | 16,885 |
| Selling, general and administrative expenses | 39,536 | 37,907 |
| Restructuring expenses | — | 856 |
| Income (loss) from operations | 1,830 | (1,806) |
| Interest expense | (5,614) | (5,336) |
| Mark to market loss on interest rate derivatives | (174) | (234) |
| Loss before income taxes and equity in losses | (3,958) | (7,376) |
| Income tax (provision) benefit | (210) | 1,348 |
| Equity in losses, net of taxes | (2,092) | (2,777) |
| NET LOSS | $(6,260) | $(8,805) |
| BASIC LOSS PER COMMON SHARE | $(0.29) | $(0.41) |
| DILUTED LOSS PER COMMON SHARE | $(0.29) | $(0.41) |
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