Overview

* Lifetime Brands ( LCUT ) Q3 revenue decreased 6.5% yr/yr, missing analyst expectations

* Company reported a net loss of $1.2 mln, compared to net income last year

* Company emphasizes cost controls and Project Concord for future performance

Outlook

* Lifetime Brands ( LCUT ) refrains from issuing formal 2025 guidance due to tariff uncertainties

* Project Concord expected to enhance efficiency and margins in International segment

* Company evaluating M&A opportunities to strengthen market share

Result Drivers

* TARIFF MITIGATION - Co implemented a strategy to mitigate tariffs, aiding performance despite market volatility

* PROJECT CONCORD - Project Concord is advancing as planned, enhancing efficiency and margins in the International segment

* COST CONTROLS - Disciplined cost management contributed to performance amid revenue decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $171.91 $178.76

mln mln (2

Analysts

)

Q3 EPS -$0.05

Q3 $2.50

Adjusted mln

Net

Income

Q3 Net -$1.19

Income mln

Q3 $6.69

Income mln

From

Operatio

ns

Q3 $1.67

Pretax mln

Profit

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the appliances, tools & housewares peer group is "hold."

* Wall Street's median 12-month price target for Lifetime Brands Inc ( LCUT ) is $6.00, about 48.7% above its November 5 closing price of $3.08

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)