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Stock impact report

Lifetime Brands, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Lifetime Brands, Inc. (LCUT) 
Last lifetime brands, inc. earnings: 3/11 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 March 31, 2024. Rob Kay, Lifetime's Chief Executive Officer, commented, “We are pleased with our performance in the first quarter as we delivered results that were both in line with our expectations and above the broader market. While shipments for the quarter were under pressure as a result of both economic headwinds and inventory rationalization efforts among select retailers, our sell-through rates remained strong, a testament to the strength of our product offerings across channels. Further, we were able to expand our margins and deliver increased profitability as a result of favorable product mix, stability in our supply chain, and our continued disciplined expense management.” Mr. Kay continued, “The steps we have taken to strengthen our business have positioned us well to compete and gain share notwithstan Show less Read more
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