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Stock impact report

Lifetime Brands, Inc. Reports Fourth Quarter 2023 Financial Results

Lifetime Brands, Inc. (LCUT) 
Last lifetime brands, inc. earnings: 3/11 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
GARDEN CITY, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT), a 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 and full year ended December 31, 2023. Rob Kay, Lifetime’s Chief Executive Officer, commented, “We closed out 2023 with another strong quarter, delivering results that met or exceeded both internal and analyst expectations for net sales, income from operations and adjusted EBITDA. We are pleased with this outperformance, paced by sales growth we are seeing across the business, most notably in our core U.S. Kitchenware category, where we saw substantial gains in the fourth quarter. As we hone our online strategy, we are also gaining market share in the e-commerce channel across all of our product categories. We continue to view this channel as a key growth opportunity for our company.” Show less Read more
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