Summary of Lifetime Brands (LCUT) FY Conference - June 10, 2025 Company Overview - **Company Name**: Lifetime Brands - **Industry**: Consumer Durables - **Founded**: 1945 as a cutlery company - **Market Share**: Over 20% in the cutlery category, primarily through Farberware brands [3][4] - **Average Ticket Price**: $10 and under [2] Core Business Insights - **Product Offering**: Good, better, best strategy across various channels [2] - **Recent Growth**: Merged with Filament Brands in 2018, focusing on growth and profitability [4] - **Key Categories**: Tabletop tools and kitchen tools [4] Consumer Market Analysis - **Current Consumer Health**: Visibility is dim; consumer spending has slowed down due to trade wars and economic uncertainty [8][9] - **Online Shopping Trend**: Increased online purchases driven by consumer wariness [9] - **Retail Environment**: Competitive landscape shows bifurcation; smaller companies are struggling, presenting M&A opportunities [10] Competitive Landscape - **Operational Challenges**: Competitors are facing issues with manufacturing and supply chain adjustments, particularly moving out of China [10] - **Channel Performance**: Strong performance in club channels (e.g., Costco) and mass channels (e.g., Walmart) [11] Inventory and Tariff Management - **Inventory Destocking**: Retailers are adjusting inventory levels due to economic conditions and tariffs [13][15] - **Tariff Impact**: Company has shifted manufacturing out of China to mitigate tariff impacts, with plans to have most products manufactured outside China by the end of the year [19][20] Pricing Strategy - **Price Increases**: Implemented across the customer base; focus on maintaining margin dollars rather than margin percentage [21][22] - **Elasticity of Demand**: Historical data suggests that certain products remain in demand even during economic downturns [23][24] Financial Performance - **Q1 Results**: Softness in sales due to customer and product mix affecting margins; not significantly impacted by tariffs [25][26] International Business and Project Concord - **International Challenges**: UK operations were losing money; restructuring efforts are underway to achieve breakeven by 2025 [27][30] - **Project Concord**: Aimed at integrating UK operations with US business to streamline costs [30][34] Growth Initiatives - **Defensive Posture**: Current focus is on defensive strategies due to macroeconomic uncertainties, but growth initiatives are still in place [31] - **New Product Launches**: Successful launch of the Dolly product line, with plans for expansion [31][32] Distribution Center Relocation - **New Distribution Center**: Moving from New Jersey to Maryland to avoid cost increases; receiving $13 million in subsidies [36][38] Future Guidance and M&A Strategy - **Guidance for FY '25**: Will be provided once there is clarity in trade and tariff situations [39] - **M&A Criteria**: Focus on margin expansion and new product categories; looking for transformative opportunities [40][41]

GARDEN CITY, N.Y., June 03, 2025 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT) (“Lifetime” or the “Company”), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced its participation in the Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference, which will be held virtually on June 9-11, 2025. Lifetime Brand’s Chief Executive Officer Robert Kay and Chief Financial Officer Laurence Winoker are scheduled to host ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to Commission File Number: 0-19254 LIFETIME BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware 11-2682486 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 o ...

Lifetime Brands (LCUT) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Jamie Kirchen - Senior VPRobert Kay - CEO & DirectorLaurence Winoker - Executive VP, Treasurer & CFO Conference Call Participants Anthony Lebiedzinski - Senior Equity Research AnalystBrian McNamara - MD & Senior Analyst - Consumer Operator Good morning, ladies and gentlemen, and welcome to Lifetime Brands First Quarter twenty twenty five Earnings Conference Call. At this time, I would like to inform all participants t ...

Lifetime Brands (LCUT) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to Lifetime Brands First Quarter twenty twenty five Earnings Conference Call. At this time, I would like to inform all participants that their lines will be in listen only mode. After the speakers' remarks, there will be a question and answer portion of the call. I would now like to introduce your host for today's conference, Jamie Kirchen. Mr. Kirchen, you may begin. Speaker1 With ...

Lifetime Brands (LCUT) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -78.57%. A quarter ago, it was expected that this kitchen products company would post earnings of $0.45 per share when it actually produced earnings of $0.55, delivering a surprise of 22.22%.Over the last four quarters, th ...

Exhibit 99.1 Lifetime Brands, Inc. Reports First Quarter 2025 Financial Results Sales of $140.1 million TTM Adjusted EBITDA of $51.0 million Project Concord on Track to Deliver International Business Turnaround GARDEN CITY, NY, May 8, 2025 – Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today reported its financial results for the quarter ended March 31, 2025. Rob Kay, Lifetime's Chief Executive Offic ...

Sales of $140.1 million TTM Adjusted EBITDA of $51.0 million Project Concord on Track to Deliver International Business Turnaround GARDEN CITY, N.Y., May 08, 2025 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today reported its financial results for the quarter ended March 31, 2025. Rob Kay, Lifetime's Chief Executive Officer, commented, “Our first quarter sales were slightly down ...

GARDEN CITY, N.Y., May 01, 2025 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT) (the “Company”), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, will release its first quarter 2025 financial results before market open on Thursday, May 8, 2025. The Company will host a conference call to discuss the results on the same day at 11:00 a.m. Eastern Time. Investors and analysts may access the live conference call by dialing 1-877-451-6152 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-19254 LIFETIME BRANDS, INC. (Exact name of registrant as specified in its cha ...