Lifetime Brands, Inc. Revises Earnings Guidance for the Full Fiscal Year Ending December 31, 2022
August 04, 2022 at 07:00 am
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Lifetime Brands, Inc. revised earnings guidance for the full fiscal year ending December 31, 2022. For the year, the company net sales expected to be in the range of $800 million to $850 million. Income from operations expected to be in the range of $44 million to $50 million.
Net income expected to be in the range of $20 million to $24 million. Diluted income per common share expected to be in the range of $0.91 to $1.09 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. 
