Lifetime Brands, Inc. Reaffirms Financial Guidance for the Full Year Ending December 31, 2023
August 03, 2023 at 07:01 am
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Lifetime Brands, Inc. reaffirmed financial guidance for the Full Year ending December 31, 2023. For the full year, the company re-affirmed Net sales of $660 to $720 million, Income from operations of $24.5 to $29.5 million. Net loss of $6.1 to $3.8 million.
Diluted loss per common share of $0.28 to $0.17 per share.
Lifetime Brands, Inc. designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through two segments: United States and International. The Company designs, markets and distributes its products to retailers, distributors and directly to consumers through retail Websites. The Company's product categories include two categories of products used to prepare, serve, and consume foods, including Kitchenware (kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantry ware, spice racks and bakeware) and Tableware (dinnerware, stemware, flatware, and giftware). Its Home Solutions category includes products used in the home (thermal beverageware, bath scales, weather and outdoor household products, food storage, neoprene travel products and home decor). Its brands include Farberware, Mikasa, KitchenAid, Taylor, BUILT NY, KitchenCraft, Kamenstein, Pfaltzgraff, Rabbit, and MasterClass.
LIFETIME BRANDS, INC. 
