--- title: "Lifetime Brands | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 143.51 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285656710.md" datetime: "2026-05-08T03:14:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285656710.md) - [en](https://longbridge.com/en/news/285656710.md) - [zh-HK](https://longbridge.com/zh-HK/news/285656710.md) --- # Lifetime Brands | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 143.51 M Revenue: As of FY2026 Q1, the actual value is USD 143.51 M, beating the estimate of USD 137.57 M. EPS: As of FY2026 Q1, the actual value is USD -0.22. EBIT: As of FY2026 Q1, the actual value is USD 2.282 M. ### Segmented Financial Metrics and Strategic Summary #### Net Sales Lifetime Brands, Inc.’s consolidated net sales for the three months ended March 31, 2026, increased by 2.4% to $143.5 million, compared to $140.1 million in the corresponding period of 2025. In constant currency, consolidated net sales increased by 1.8% . **U.S. Segment**: Net sales rose by 1.7% to $130.7 million in 2026 from $128.5 million in 2025, primarily due to higher selling prices . **Kitchenware**: Sales decreased by 1.3% to $78.5 million in 2026 from $79.5 million in 2025 . **Tableware**: Sales decreased by 6.2% to $25.9 million in 2026 from $27.6 million in 2025 . **Home Solutions**: Sales increased by 22.9% to $26.3 million in 2026 from $21.4 million in 2025 . **International Segment**: Net sales increased by 10.3% to $12.8 million in 2026 from $11.6 million in 2025, with constant currency sales increasing by 2.5% . #### Gross Margin Consolidated gross margin for the three months ended March 31, 2026, was $54.2 million (37.7% of net sales), up from $50.6 million (36.1% of net sales) in 2025 . **U.S. Segment**: Gross margin was $49.5 million (37.9%) in 2026, compared to $46.5 million (36.2%) in 2025 . **International Segment**: Gross margin was $4.7 million (36.7%) in 2026, compared to $4.1 million (35.3%) in 2025 . #### (Loss) Income from Operations Consolidated (loss) income from operations was - $2.2 million in 2026, compared to $1.1 million in 2025 . **U.S. Segment**: Income from operations was $5.2 million in 2026, up from $1.9 million in 2025 . **International Segment**: Loss from operations was - $2.5 million in 2026, an improvement from - $3.0 million in 2025 . **Unallocated Corporate**: Expenses were - $4.9 million in 2026, compared to income of $2.2 million in 2025 . #### Operating Costs - **Cost of Sales**: Total cost of sales was $89.3 million in 2026, compared to $89.4 million in 2025 . - **U.S. Segment**: $81.3 million in 2026 vs. $81.9 million in 2025 . - **International Segment**: $8.1 million in 2026 vs. $7.5 million in 2025 . - **Distribution Expenses**: Total distribution expenses were $17.6 million (12.3% of net sales) in 2026, down from $18.1 million (12.9% of net sales) in 2025 . - **U.S. Segment**: As a percentage of net sales, distribution expenses decreased to 10.9% in 2026 from 11.5% in 2025 . - **International Segment**: As a percentage of net sales, distribution expenses decreased to 26.4% in 2026 from 28.3% in 2025 . - **Selling, General and Administrative Expenses (SG&A)**: Total SG&A increased to $36.8 million in 2026 from $31.5 million in 2025 . - **U.S. Segment**: SG&A decreased to $28.2 million (21.6% of net sales) in 2026 from $30.0 million (23.3% of net sales) in 2025 . - **International Segment**: SG&A remained flat at $3.7 million in both 2026 and 2025 . - **Restructuring Expenses**: Total restructuring expenses were $2.0 million in 2026, compared to $0 million in 2025 . - **U.S. Segment**: $1.854 million in 2026 . - **International Segment**: $0.176 million in 2026 . - **Depreciation and Amortization**: Total depreciation and amortization was $5.3 million in 2026, compared to $5.7 million in 2025 . - **U.S. Segment**: $4.9 million in 2026 vs. $5.4 million in 2025 . - **International Segment**: $0.3 million in 2026 vs. $0.3 million in 2025 . #### Other Financial Metrics - **Net Loss**: Lifetime Brands, Inc. reported a net loss of - $4.8 million in 2026, compared to - $4.2 million in 2025 . - **Interest Expense**: Interest expense decreased to - $4.5 million in 2026 from - $4.9 million in 2025 . - **Mark to Market Gain (Loss) on Interest Rate Derivatives**: A gain of $0.3 million was recorded in 2026, compared to a loss of - $0.5 million in 2025 . - **Income Tax Benefit**: Income tax benefit was $1.7 million in 2026, compared to $0.1 million in 2025 . - **Adjusted EBITDA**: Adjusted EBITDA for the trailing twelve months ended March 31, 2026, was $52.7 million . - **Total Assets**: Total assets were $527.9 million at March 31, 2026, compared to $572.6 million at December 31, 2025 . - **U.S. Segment**: $436.4 million at March 31, 2026 vs. $482.5 million at December 31, 2025 . - **International Segment**: $74.2 million at March 31, 2026 vs. $84.2 million at December 31, 2025 . - **Inventory Turnover**: Inventory turnover was 1.9 times (194 days) for the three months ended March 31, 2026, compared to 1.8 times (208 days) for the same period in 2025 . #### Cash Flow - **Net Cash Provided by Operating Activities**: Increased to $33.8 million in 2026 from $16.7 million in 2025 . - **Net Cash Used in Investing Activities**: Increased to - $3.8 million in 2026 from - $1.6 million in 2025 . - **Net Cash Used in Financing Activities**: Increased to - $20.3 million in 2026 from - $7.8 million in 2025 . - **Cash and Cash Equivalents**: Increased to $13.9 million at March 31, 2026, from $4.3 million at December 31, 2025 . #### Liquidity and Capital Resources - **Working Capital**: $220.1 million at March 31, 2026, compared to $242.6 million at December 31, 2025 . - **Total Liquidity**: $110.2 million at March 31, 2026, including $13.9 million in cash . - **Debt**: Outstanding borrowings under the ABL Agreement were - $36.6 million at March 31, 2026, compared to - $54.1 million at December 31, 2025 . The Term Loan balance was - $124.7 million at March 31, 2026, compared to - $125.9 million at December 31, 2025 . - **Stock Repurchase Program**: As of March 31, 2026, $11.1 million remained available for repurchases . #### Outlook and Strategy Lifetime Brands, Inc. anticipates continued margin pressure throughout 2026 due to the sale of higher-cost inventory reflecting full tariff impacts . The company expects to incur approximately $1.8 million in additional employee severance costs and $3.0 million for other related costs in Q2 and Q3 2026 for the Robbinsville Facility relocation . 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