Overview

* Lifetime Brands ( LCUT ) Q2 sales fall 6.9% yr/yr, missing analyst expectations

* Co reports significant net loss due to $33.2 mln goodwill impairment

* Lifetime Brands ( LCUT ) maintains strong liquidity, reduces SG&A expenses for cost efficiency

Outlook

* Company expects to manage near-term volatility with strong liquidity

* Lifetime Brands ( LCUT ) focuses on long-term growth despite macroeconomic pressures

* Company views current market challenges as non-recurring

* Lifetime Brands ( LCUT ) adapting to tariff-related headwinds

Result Drivers

* GROSS MARGIN - Co maintained gross margin at 38.6% due to strong pricing strategy and supply chain management

* SG&A REDUCTION - Reduced selling, general and administrative expenses by 2.1% to improve cost efficiency

* GOODWILL IMPAIRMENT - $33.2 mln non-cash goodwill impairment charge due to tariff impacts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $131.86 $138.10

mln mln (2

Analysts

)

Q2 EPS -$1.83

Q2 Miss -$10.90 -$4 mln

Adjusted mln (1

Net Analyst)

Income

Q2 Net -$39.70

Income mln

Q2 Miss -$37.21 -$200,00

Income mln 0 (1

From Analyst)

Operatio

ns

Q2 Miss -$42.48 -$5.40

Pretax mln mln (1

Profit Analyst)

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 $6.50, about 35.7% above its August 6 closing price of $4.18

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(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.)