Recap: Lifetime Brands Q1 Earnings

Shares of Lifetime Brands LCUT remained unaffected after the company reported Q1 results.

Quarterly Results

Earnings per share fell 42.11% over the past year to ($0.27), which missed the estimate of ($0.18).

Revenue of $145,070,000 decreased by 3.24% from the same period last year, which missed the estimate of $151,270,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 21, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2Fdashboard%2F&eventid=2346152&sessionid=1&key=31CF922CD17F6FD8ABC36D9A0FE89848&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $10.20

52-week low: $3.26

Price action over last quarter: down 1.59%

Company Description

Lifetime Brands Inc is a U.S. based company which designs, sources and sells branded kitchenware, tableware and other products used in the home and markets its products under brands such as Farberware, KitchenAid, Cuisine de France, and others. The company markets and sells its products principally on a wholesale basis to retailers. It also markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred, and Friends, Built NY, and Lifetime Sterling. Its products include kitchen tools, gadgets, cutlery, dinnerware and glassware. The segments of the company are the U.S. and International. It derives a majority of the revenue from the U.S. segment which includes the domestic operations of the company's business.