Lifetime Brands Inc Stock Price, News & Analysis

Lifetime Brands (NASDAQ: LCUT), a leading global designer and marketer of branded consumer home products, has scheduled its first quarter 2025 financial results announcement for Thursday, May 8, 2025, before market open. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the results.

Investors and analysts can participate in the live conference call by dialing 1-877-451-6152 (USA) or 1-201-389-0879 (International). A live webcast will also be available through the company's investor relations website. An audio replay will be accessible via the website or by phone using access code 13752967.

Lifetime Brands (NASDAQ: LCUT) reported strong Q4 2024 results with sales reaching $215.2 million, a 6% increase year-over-year. The company saw U.S. sales grow by $10.8 million (5.8%) and International sales up by $0.8 million (4.4%) in constant currency.

Key financial highlights include gross margin expansion to 37.7% in Q4 and 38.2% for the full year. Q4 net income was $8.9 million ($0.41 per diluted share), while full-year results showed a net loss of $15.2 million. The company maintained strong liquidity of $111.7 million as of December 31, 2024.

Notable developments include the launch of Project Concord in January 2025, focusing on International business turnaround, and plans to relocate its east coast distribution facility from Robbinsville, NJ to Hagerstown, MD by Q2 2026. The company declared a quarterly dividend of $0.0425 per share, payable on May 15, 2025.

Lifetime Brands (NASDAQ: LCUT), a leading global designer and marketer of branded consumer home products, has announced its participation in two upcoming investor conferences in March 2025.

The company will attend the 37th Annual ROTH Conference from March 16-18 at The Laguna Cliffs Marriott in Dana Point, CA, where management will conduct one-on-one and small group meetings with investors on March 17th.

Additionally, LCUT will participate in the Sidoti Small-Cap Conference on March 19-20, held virtually. CEO Rob Kay and CFO Laurence Winoker will engage in a fireside chat on March 19th at 9:15am ET, which will be accessible via webcast through the company's investor relations website. Management will also host investor meetings during this event.

Lifetime Brands (NASDAQ: LCUT), a leading global designer and marketer of branded consumer home products, has scheduled its fourth quarter and full year 2024 financial results release for Thursday, March 13, 2025, before market open. The company will host a conference call at 11:00 a.m. Eastern Time on the same day.

Investors can access the live conference call by dialing 1-877-451-6152 (USA) or 1-201-389-0879 (International). A live webcast will be available through the company's investor relations website. An audio replay will be accessible via the website or by telephone using access code 13751489.

Additionally, CEO Robert Kay will showcase Lifetime's family of brands at The Inspired Home Show in Chicago's McCormick Place Exposition Center from March 2-4, 2025.

Lifetime Brands (LCUT) announced plans to construct a new 1.027 million-square-foot distribution center in Hagerstown, MD, representing a 46% increase in capacity. This facility will replace the current east coast distribution center in Robbinsville, NJ, and is expected to be fully operational by Q2 2026.

The new facility adds 327,000 square feet of distribution capacity and includes significant financial benefits: rent abatement for the additional space during the first three years of a 15-year lease, plus various state and county incentives including real property tax abatement, employee state withholding tax credit, conditional grants, and income tax credits.

This strategic move aims to optimize infrastructure, enhance operational efficiency through a new warehouse management system, and support the company's long-term growth initiatives while containing future distribution expenses.

Lifetime Brands (LCUT) has appointed Jeffrey Evans as an independent director to its Board of Directors, effective immediately. Evans brings three decades of retail and consumer leadership experience, most recently serving as President and Chief Merchandising Officer of At Home. His previous roles include 16 years at Walmart in senior merchandising positions, including EVP for Entertainment, Toys, and Seasonal (2020-2022) and SVP for Walmart Home (2017-2020).

The appointment aims to strengthen Lifetime's market position through Evans' expertise in merchandising strategies and digital commerce. CEO Rob Kay highlighted that Evans' experience with key customers like Walmart, Sam's Club, and At Home will be valuable in developing growth initiatives and enhancing the company's data-driven approach to product innovation and go-to-market strategies.

Lifetime Brands (NasdaqGS: LCUT) has announced its participation in the Keybanc Capital Markets December Consumer Spotlight virtual event, scheduled for December 12-13, 2024. CEO Robert Kay and CFO Laurence Winoker will engage in a fireside chat on December 13, 2024, at 9:00am ET.

The fireside chat will be available via webcast replay after the conference, with presentation materials accessible through the investor section of Lifetime Brands' website. Management will also be available for one-on-one meetings during the conference, which can be arranged through Keybanc Capital Markets representatives or by contacting investor relations.