LIFETIME BRANDS INC

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

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, 2024 · Filed Aug 8, 2024

LCUT$7.98+6.6%Stored close · as of Nov 10, 2026

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Contents

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,
	2024	2023	2024	2023
Net sales	$141,666	$146,436	$283,908	$291,871
Cost of sales	87,116	90,445	171,811	182,038
Gross margin	54,550	55,991	112,097	109,833
Distribution expenses	15,052	15,732	31,233	32,617
Selling, general and administrative expenses	38,331	35,863	77,867	73,770
Restructuring expenses	—	—	—	856
Income from operations	1,167	4,396	2,997	2,590
Interest expense	(5,157)	(5,528)	(10,771)	(10,864)
Mark to market (loss) gain on interest rate derivatives	(82)	197	(256)	(37)
Gain on extinguishments of debt, net	—	1,520	—	1,520
Loss on equity securities	(14,152)	—	(14,152)	—
(Loss) income before income taxes and equity in losses	(18,224)	585	(22,182)	(6,791)
Income tax benefit (provision)	57	(1,242)	(153)	106
Equity in losses, net of taxes	—	(5,863)	(2,092)	(8,640)
NET LOSS	$(18,167)	$(6,520)	$(24,427)	$(15,325)
BASIC LOSS PER COMMON SHARE	$(0.85)	$(0.31)	$(1.14)	$(0.72)
DILUTED LOSS PER COMMON SHARE	$(0.85)	$(0.31)	$(1.14)	$(0.72)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.