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Stockreport

Lifetime Brands, Inc. Reports Second Quarter Financial Results

LIFETIME BRANDS (LCUT)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: lifetimebrands.gcs-web.com/investor-relations
PDF GARDEN CITY, N.Y., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS:LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, today reported its financial results for the second quarter ended June 30, 2017. Second Quarter Financial Highlights: Consolidated net sales were $117.4 million, as compared to consolidated net sales of $118.1 million in the corresponding period in 2016. In constant currency, which excludes the impact of foreign exchange fluctuations, consolidated net sales increased 1.5%, as compared to consolidated net sales in the corresponding period in 2016. Gross margin was $42.8 million, or 36.5%, as compared to $43.0 million, or 36.4%, for the corresponding period in 2016. Loss from operations was $3.1 million, as compared to a loss of $0.3 million for the corresponding period in 2016. Net loss was $2.1 million, or $0.14 per diluted share, as compared to a net loss of $1.2 million, or $0.08 per dilute [Read more]

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