Lifetime Brands Q3 net sales rise 3.4%

Overview

• US home goods supplier's Q3 net sales rose 3.4% year-over-year

• Adjusted EPS and adjusted net income increased from prior year

• Company authorized $20 mln share repurchase program

Outlook

• Lifetime Brands lowers 2026 income from operations guidance to $42.5 mln-$45 mln from $48 mln-$50.5 mln

• Company cuts 2026 net income forecast to $19 mln-$20.5 mln from $23 mln-$24.5 mln

• Lifetime Brands raises low-end of 2026 net sales guidance to $660 mln-$700 mln

Result Drivers

• INTERNATIONAL GROWTH - Co said international sales rose 18.8% and segment neared breakeven, helped by Project Concord

• CATEGORY PERFORMANCE - Co cited growth in home décor, strong Farberware relaunch, and Dollar General partnership as sales drivers

• GROSS MARGIN EXPANSION - Gross margin rose 140 bps despite $3.3 mln SKU rationalization charge

Company press release:

Key Details

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 is $12.50, about 40.6% above its November 4 closing price of $8.89

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads

• Nov 4 - Hamilton Beach Brands Q3 gross margin rises on tariff impacts

• Nov 4 - Wayfair beats Q3 revenue, profit estimates on more customers, orders

• Nov 5 - Canada's Gildan Activewear Q3 sales miss estimates on softer-than-anticipated demand; cuts outlook

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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.)