Investor Presentation March 2026 Investor Presentation Forward-Looking Statements In this presentation, the use of the words "advance," "believe," "continue," "could," "commit," "deliver," "drive," "enable," "expect," "gain," "generate," "goal," "grow," "improve," "intend," "maintain," "manage," "may," "outlook," "plan," "positioned," "project," "projected," "reduce," "should," "take," "target," "unlock," "will," "would," "yield" or similar expressions is intended to identify forward-looking statements. Suc ...

Lifetime Brands (LCUT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ch ...

Investors with an interest in Consumer Products - Discretionary stocks have likely encountered both Lifetime Brands (LCUT) and SharkNinja, Inc. (SN) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores high ...

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Elong Power Holding Limited (ELPW) is up 57% at $5.65 - Citizens, Inc. (CIA) is up 17% at $5.78 - The Oncology Institute, Inc. (TOI) is up 17% at $3.08 - Everbright Digital Holding Limited (EDHL) is up 12% at $3.89 - Universal Electronics Inc. (UEIC) is up 10% at $4.06 - Korro Bio, Inc. (KRRO) is up 9% at $12.57 - Silvaco Group, Inc. (SVCO) is up 9% at $3.60 - Clene Inc. (CLNN) is up 7% at $6.38 - AleAnna, Inc. (ANNA) is up 7% at $3.91 - Klarna Group plc (KLAR) is up 5% at $15.40 [3] Premarket Losers - KinderCare Learning Companies, Inc. (KLC) is down 32% at $2.30 - PAR Technology Corporation (PAR) is down 23% at $12.22 - EverCommerce Inc. (EVCM) is down 23% at $9.25 - SenesTech, Inc. (SNES) is down 21% at $1.78 - Once Upon A Farm, PBC (OFRM) is down 18% at $16.60 - PagerDuty, Inc. (PD) is down 12% at $6.35 - SciSparc Ltd. (SPRC) is down 10% at $4.25 - Agape ATP Corporation (ATPC) is down 9% at $5.09 - OIO Group (OIO) is down 9% at $3.28 - Lifetime Brands, Inc. (LCUT) is down 6% at $3.24 [4]

Sales and Revenue - Walmart accounted for 17%, 19%, and 21% of consolidated net sales for the years ended December 31, 2025, 2024, and 2023, respectively[41] - Sales to Amazon represented 12%, 13%, and 11% of consolidated net sales for the years ended December 31, 2025, 2024, and 2023, respectively[41] - The Company’s net sales for the third and fourth quarters accounted for 58% of total annual net sales in 2025[59] - For the year ended December 31, 2025, approximately 8% of the Company's net sales revenue was in foreign currencies, compared to 7% for the year ended December 31, 2024[277] Operations and Facilities - The Company operates distribution facilities totaling approximately 1,855,600 square feet across various locations, including Rialto, California (703,000 sq ft) and Robbinsville, New Jersey (700,000 sq ft)[42] - The Company has a presence in international markets through subsidiaries in the U.K., Europe, China, and the Asia Pacific region[33][34] - The Company actively sources products from a diverse global network, including countries such as China, Vietnam, and India[47] Supply Chain and Sourcing - The Company sources almost all of its products from suppliers located outside the United States, primarily in China[35] - The Company’s reliance on international suppliers exposes it to various risks, including political and economic instability[21] Financial Position and Debt - The Company has substantial indebtedness, which may impact its financial position and cash flows[19] - As of December 31, 2025, approximately $139.1 million of the Company's debt carries a variable rate of interest, an increase from $110.2 million at December 31, 2024[280] - A hypothetical 10% change in exchange rates would result in an increase of approximately $2.0 million in SG&A expenses[277] - The Company has foreign exchange contracts with an aggregate gross notional value of $8.0 million as of December 31, 2024, which was zero by December 31, 2025[278] - The Company entered into interest rate swap agreements with an aggregate notional value of $50.0 million to manage interest rate exposure[279] Product Categories - The Company’s product categories include Kitchenware, Tableware, and Home Solutions, targeting moderately priced consumer products[30][31] Human Resources - The Company had approximately 1,080 full-time employees as of December 31, 2025, with 58% located in the United States and Puerto Rico[52] - The Company’s executives and key employees are critical to its success, and their loss could adversely affect the business[28] Intellectual Property - The Company holds approximately 1,060 design and utility patents, which it believes will not materially affect its segments upon expiration[50] Regulatory Compliance - The Company’s spice filling operation is regulated by the U.S. Food and Drug Administration[56]

Core Insights - The company faced a challenging macro environment in 2025, primarily due to U.S. tariff actions, which significantly impacted operations and customer behavior [5][6][12] - Despite these challenges, the company implemented strategic pricing increases and cost efficiency measures, leading to improved profitability and performance relative to peers [6][11][12] Financial Performance - Net income for 2025 was $18.2 million, or $0.83 per diluted share, compared to $8.9 million, or $0.41 per diluted share, in 2024 [18] - Adjusted EBITDA for the full year 2025 was $50.8 million, despite a 5% decline in net sales to $204.1 million [18][19] - The fourth quarter saw adjusted income from operations increase over 30% year-over-year, with adjusted net income of $23 million, or $1.05 per diluted share [12][18] Tariff Impact and Pricing Strategy - The implementation of 145% tariffs on goods sourced from China led to significant disruptions, including order cancellations [5][6] - The company was proactive in raising prices to offset tariff costs, which initially hurt volumes but ultimately restored pricing parity and improved margins [6][10][12] Cost Management - Selling, general, and administrative expenses decreased by 12% to $38 million in Q4, reflecting effective cost management strategies [11][21] - The company streamlined its infrastructure, resulting in lower distribution expenses as a percentage of goods shipped [21][49] International Segment Performance - International sales for the full year were $56.7 million, up 1.7% as reported, although down 17% on a constant currency basis [13] - The company gained market share in national accounts despite a decline in independent shops, indicating resilience in the international segment [13] Future Outlook - The company anticipates a return to more normal seasonality in 2026, with a focus on recovering sustainable top-line growth [16][27] - New product introductions, particularly in the Dolly brand, are expected to drive growth, with significant increases anticipated in 2026 [28][44] - The relocation of the East Coast distribution center is expected to enhance operational efficiency and support long-term growth initiatives [14][15]

Financial Data and Key Metrics Changes - Net income for Q4 2025 was $18.2 million or $0.83 per diluted share, compared to $8.9 million or $0.41 per diluted share in Q4 2024 [17] - Adjusted net income for Q4 2025 was $23 million or $1.05 per diluted share, up from $12 million or $0.55 per diluted share in 2024 [18] - Adjusted EBITDA for the full year 2025 was $50.8 million, despite a 5% decline in net sales [11] Business Line Data and Key Metrics Changes - U.S. segment sales decreased 5.5% to $185.3 million, with kitchenware and home solutions seeing declines, partially offset by an increase in tableware [19] - International segment sales decreased 2.3% to $18.8 million, with a 6.8% decline when excluding foreign exchange impacts [19] - The Dolly brand grew to approximately $18 million for the year, an increase of over 150% [11] Market Data and Key Metrics Changes - Gross margin increased to 38.6% from 37.7%, with U.S. segment gross margin rising to 38.8% from 37.6% [20] - International segment gross margin decreased to 36.8% from 38.6%, driven by higher customer support spending [20] Company Strategy and Development Direction - The company is focused on recovering sustainable top-line growth and driving volume through existing customer relationships and successful product lines [15] - The relocation of the East Coast distribution center to Hagerstown, Maryland, is expected to enhance long-term efficiency and reduce future distribution expenses [13][14] - The company is committed to completing Project Concord and realizing its full benefits, despite some delays [12] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenges faced in 2025 due to tariffs and retail disruptions but expressed pride in the team's performance [4] - The company expects a normalization of seasonality in 2026, with the full impact of pricing increases felt in the upcoming year [27] - Management is optimistic about growth in the Dolly brand and food service initiatives, despite challenges in the end market [28][29] Other Important Information - Selling, general, and administrative expenses decreased by 12% to $38 million in Q4, reflecting lower employee expenses [21] - The company’s liquidity at year-end was $76.6 million, indicating a strong balance sheet despite higher working capital needs from tariffs [22] Q&A Session Summary Question: Insights on growth building blocks for 2026 - Management expects more normal seasonality in 2026 and anticipates the full impact of pricing increases implemented in 2025 [27] Question: Retail customers' inventory willingness and sell-through data - There has been a divergence in performance across channels, with e-commerce showing strong growth [31] Question: Cash priorities and capital allocation for 2026 - The company is pursuing internal growth initiatives that are not capital intensive and plans to maintain its dividend policy [34] Question: Sustainability of SG&A cost reductions - Management indicated that the current state of SG&A costs is sustainable, with potential increases tied to growth opportunities [41] Question: Performance of brands outside of Dolly - Taylor and Farberware brands performed well, with Taylor having a particularly strong year [49] Question: Tax rate expectations for 2026 - The tax rate is expected to be in the high 20% range, influenced by international operations breaking even [63]

Financial Data and Key Metrics Changes - Net income for Q4 2025 was $18.2 million, or $0.83 per diluted share, compared to $8.9 million, or $0.41 per diluted share in Q4 2024 [17] - Adjusted net income for Q4 2025 was $23 million, or $1.05 per diluted share, compared to $12 million, or $0.55 per diluted share in 2024 [18] - Adjusted income from operations for Q4 2025 was $26.4 million, up from $20.2 million in 2024 [18] - Adjusted EBITDA for the full year 2025 was $50.8 million, despite a 5% decline in net sales [11] Business Line Data and Key Metrics Changes - U.S. segment sales decreased by 5.5% to $185.3 million, with kitchenware and home solutions experiencing declines, partially offset by an increase in tableware [19] - International segment sales decreased by 2.3% to $18.8 million, with a constant currency decrease of 6.8% [19] - The Dolly brand grew to approximately $18 million for the year, an increase of over 150% [11] Market Data and Key Metrics Changes - Gross margin increased to 38.6% from 37.7% year-over-year, with U.S. segment gross margin increasing to 38.8% from 37.6% [20] - International segment gross margin decreased to 36.8% from 38.6% due to higher customer support spending [20] Company Strategy and Development Direction - The company implemented price increases to offset tariff costs, which initially hurt volumes but eventually restored pricing parity [6][9] - A relocation of the East Coast distribution center to Hagerstown, Maryland, is expected to enhance long-term efficiency and reduce future distribution expenses [13][14] - The focus for 2026 is on recovering sustainable top-line growth while maintaining a lean cost structure [15] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenges faced in 2025 due to tariffs and retail disruptions but expressed pride in the team's performance [4] - The company expects a normalization of seasonality in 2026, with a focus on driving volume through existing customer relationships and successful product lines [27][15] - Management remains optimistic about the trajectory heading into 2026, particularly with the Dolly brand and food service initiatives [11][28] Other Important Information - SG&A expenses decreased by 12% to $38 million in Q4, reflecting cost discipline [10][21] - The company’s liquidity at year-end was $76.6 million, indicating a strong balance sheet despite higher working capital needs [22] Q&A Session Summary Question: Insights on growth building blocks for 2026 - Management expects more normal seasonality in 2026 and anticipates the full impact of pricing increases implemented in 2025 [27] Question: Retail customers' inventory willingness and sell-through data - There has been a divergence in performance across channels, with e-commerce showing strong growth [31] Question: Cash priorities and capital allocation for 2026 - The company is pursuing internal growth initiatives that are not capital intensive and plans to maintain its dividend policy [34] Question: Sustainability of SG&A cost reductions - Management indicated that the current state of SG&A costs is sustainable, with potential increases tied to growth opportunities [41] Question: Performance of brands outside of Dolly - Taylor and Farberware brands performed well, with Taylor having a particularly strong year [49]

Financial Data and Key Metrics Changes - Net income for Q4 2025 was $18.2 million, or $0.83 per diluted share, compared to $8.9 million, or $0.41 per diluted share in Q4 2024 [15] - Adjusted net income for Q4 2025 was $23 million, or $1.05 per diluted share, compared to $12 million, or $0.55 per diluted share in 2024 [16] - Adjusted EBITDA for the full year 2025 was $50.8 million, despite a 5% decline in net sales [10][16] Business Line Data and Key Metrics Changes - U.S. segment sales decreased 5.5% to $185.3 million, with kitchenware and home solutions experiencing declines, partially offset by an increase in tableware [17] - International segment sales decreased 2.3% to $18.8 million, with a notable decline in U.K. e-commerce [17] - The Dolly brand grew to approximately $18 million for the year, an increase of over 150% [10] Market Data and Key Metrics Changes - The overall market was impacted by tariff escalations, leading to disruptions and cancellations of orders [5] - The company experienced a recovery in shipments in Q4, particularly with Costco, which had previously pulled back sharply on tabletop programs [7] Company Strategy and Development Direction - The company implemented price increases to offset tariff costs, which initially hurt volumes but eventually restored pricing parity [6] - A focus on cost discipline led to a 12% reduction in SG&A expenses, totaling $38 million in Q4 [9] - The relocation of the East Coast distribution center to Hagerstown, Maryland, is expected to enhance long-term efficiency and reduce future distribution expenses [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2025 due to tariffs but expressed pride in the team's performance and the company's ability to mitigate these effects [4] - The priority for 2026 is to recover sustainable top-line growth, leveraging existing customer relationships and successful product lines [13] - Management expects a normalization of seasonality in 2026, with the full impact of pricing increases felt throughout the year [25] Other Important Information - The final phase of the international restructuring initiative, Project Concord, was delayed but is expected to be fully implemented in the first half of 2026 [11] - The company maintains a strong balance sheet with liquidity of $76.6 million at year-end [20] Q&A Session Summary Question: Insights on growth building blocks for 2026 - Management expects more normal seasonality in 2026 and anticipates the full impact of pricing increases implemented in 2025 [25] Question: Retail customers' inventory willingness and sell-through data - There has been a divergence in performance across channels, with e-commerce showing strong growth [28] Question: Cash priorities and capital allocation for 2026 - The company is pursuing internal growth initiatives that are not capital intensive and plans to maintain its dividend policy [31] Question: Sustainability of lower SG&A costs - Management indicated that the reduction in SG&A is sustainable, with potential increases tied to growth opportunities [39] Question: Operating loss in the international segment - The loss was less pronounced than in 2024, with ongoing efforts to achieve better performance through Project Concord [59] Question: Tax rate expectations for 2026 - The tax rate is expected to be in the high 20% range, contingent on the performance of international operations [60] Question: CapEx estimates for the Maryland distribution center - Anticipated CapEx for 2026 is around $7 million, with expectations to be below budget [62]

Core Viewpoint - Lifetime Brands, Inc. (NASDAQ: LCUT) is experiencing a positive shift in analyst sentiment, reflected in the increase of its average price target and favorable earnings performance [2][5]. Company Overview - Lifetime Brands is a significant player in the home products industry, offering a wide range of kitchenware and tableware under well-known brands like Farberware and KitchenAid [1]. - The company operates globally and sells its products through various channels, including mass market merchants and e-commerce platforms [1]. Financial Performance - The average price target for LCUT increased from $4.25 last quarter to $5.00 last month, indicating a positive shift in analyst sentiment [2][5]. - The company reported earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, despite a year-over-year decline from $0.21 per share [2][5]. Analyst Sentiment - Over the past year, the average price target for LCUT has fluctuated between $4.83 and $5.00, showing stability in analyst expectations [3]. - D.A. Davidson has set a price target of $17.50 for LCUT, suggesting significant growth potential for the company [3][4]. Market Trends - Strategic initiatives and market trends, such as the increase in home cooking, are expected to contribute positively to LCUT's growth trajectory [3].