OXO Chefs in Residence Chefs Danielle Sepsy and Fariyal Abdullahi OXO Chefs in Residence Chefs Danielle Sepsy and Fariyal Abdullahi Now entering its fifth year, the OXO Chefs in Residence program continues to evolve with a renewed focus on emotional storytelling and globally inspired cooking. This year's theme, Cook the Mood, taps into the deep connection people have with food, exploring feelings that range from nostalgia and pride to joy and comfort. Cook the Mood transforms everyday meals into meaningful ...

Lifetime Brands, Inc. Laurence Winoker, Chief Financial Officer GARDEN CITY, N.Y., July 31, 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 second quarter 2025 financial results before market open on Thursday, August 7, 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 a ...

Group 1 - Lifetime Brands, Inc. held its 2025 Annual Meeting of Stockholders on June 18, 2025, where stockholders elected a new board of directors [1] - The elected directors include Jeffrey Siegel as Chairman, Robert B. Kay as CEO, and other notable members from various industries [1] - Stockholders ratified Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2025 [1] Group 2 - Stockholders approved the 2024 compensation for the Company's named executive officers on a non-binding advisory basis [2] - The Board of Directors declared a quarterly cash dividend of $0.0425 per share, payable on August 15, 2025, to stockholders of record by August 1, 2025 [2] Group 3 - Lifetime Brands is a leading global designer, developer, and marketer of a wide range of branded consumer products for the home, including kitchenware, tableware, and home solutions [3] - The Company markets products under well-known brands such as Farberware®, KitchenAid®, and Mikasa®, among others [3]

Core Insights - Lifetime Brands, Inc. is participating in the Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference from June 9-11, 2025 [1] - The CEO Robert Kay and CFO Laurence Winoker will host a fireside chat on June 10, 2025, at 1:30pm ET [2] - Management will be available for one-on-one investor meetings during the conference [3] Company Overview - Lifetime Brands is a leading global designer, developer, and marketer of a wide range of branded consumer products for the home [4] - The company markets products under well-known kitchenware brands such as Farberware, KitchenAid, and Sabatier, as well as tableware and giftware brands like Mikasa and Pfaltzgraff [4] - Lifetime Brands also provides exclusive private label products to major retailers worldwide [4]

Core Insights - The report analyzes the operational strategies for small appliances and home goods during the 2025 618 shopping festival, highlighting significant traffic trends and cost management strategies [1][3]. Group 1: Industry Trends - From May 1, traffic for small appliances and home goods showed a significant increase, with multiple peaks during the pre-sale and official sale periods, leading to an average month-on-month increase of 25% [12][24]. - The search costs began to rise from May 1, peaking during the pre-sale period, indicating a need to explore blue ocean keywords and stabilize costs through multi-channel strategies [14][18]. Group 2: Grass-Planting Solutions - The grass-planting strategy emphasizes a category-specific approach, with small appliances focusing on single product recommendations targeting core demographics such as health-conscious consumers and gift-givers [1][25]. - Home goods utilize a matrix grass-planting strategy, matching differentiated consumer groups with specific product categories, leveraging style-oriented content to meet scene demands [1][26]. Group 3: Closed-Loop Business Strategy - The "people reverse funnel model" is proposed, starting with penetrating core category consumers and expanding to high-potential scene consumers, ultimately reaching a broader audience [2][26]. - Advertising strategies combine search and information flow, focusing on brand, category, and strategy keywords, while information flow targets interest-based demographics [2][26]. Group 4: CID Advertising Strategy - Low-ticket products should prioritize search for transactions, while high-ticket items should focus on comprehensive site intelligence investment, optimizing click costs and ROI through tools like "grass-planting direct access" [2][26]. - Case studies show that using precise keywords and high-quality notes can lead to simultaneous growth in GMV and ROI, with one cookware brand achieving a peak GMV of over 100,000 yuan in a single day [2][26]. Group 5: 618 Full-Cycle Strategy - The 618 full-cycle strategy is divided into four phases: water storage period (mid-April), grass-planting period (late April to May 5), explosive period (May 5 to June 18), and post-promotion period (June 19 to 30) [3][8]. - Each phase requires a focus on content infrastructure, audience penetration, conversion efficiency, and reputation maintenance, with dynamic budget allocation and resource combinations to achieve overall growth [3][8].

Core Insights - Lifetime Brands, Inc. reported consolidated net sales of $140.1 million for the first quarter of 2025, a decrease of $2.1 million or 1.5% compared to $142.2 million in the same period of 2024 [5][19] - The company experienced a gross margin of $50.6 million, or 36.1%, down from $57.5 million, or 40.5%, in the prior year [6][19] - Adjusted EBITDA for the trailing twelve months ended March 31, 2025, was $51.0 million [8] Financial Performance - The decrease in sales was attributed to a decline in the mass channel, which was affected by slower retail sales and overstocking at key retailers [3][4] - Selling, general and administrative expenses decreased by $8.0 million, or 20.3%, to $31.5 million, which included a net legal settlement gain of $6.4 million [6][19] - The net loss for the quarter was $(4.2) million, or $(0.19) per diluted share, an improvement from a net loss of $(6.3) million, or $(0.29) per diluted share, in the same period last year [7][19] Strategic Initiatives - The company is moving the majority of its manufacturing out of China to countries like Malaysia, Indonesia, Vietnam, Cambodia, India, and Mexico by the end of 2025 to mitigate risks associated with geopolitical factors and tariffs [4][10] - Project Concord, a comprehensive plan aimed at improving financial results in the International segment, is on track [10] Market Conditions - The current economic environment is characterized by uncertainty, which is expected to continue impacting the consumer products industry [4] - The company has tightened controls on variable expenses in response to a slowdown in consumer demand [3][4] Liquidity and Guidance - As of March 31, 2025, the company had liquidity of $89.6 million, consisting of $10.4 million in cash and cash equivalents and $63.2 million available under the ABL Agreement [9] - The company has opted not to provide financial guidance for the full year 2025 due to the shifting macro environment [10]

Core Viewpoint - Lifetime Brands, Inc. is set to release its first quarter 2025 financial results on May 8, 2025, before market open, followed by a conference call to discuss the results at 11:00 a.m. Eastern Time [1]. Company Overview - Lifetime Brands, Inc. is a leading global designer, developer, and marketer of a wide range of branded consumer products used in the home, including kitchenware, tableware, and home solutions [4]. - The company markets products under well-known brands such as Farberware, KitchenAid, Mikasa, and S'well, among others, and also provides exclusive private label products to major retailers worldwide [4]. Conference Call Details - Investors and analysts can access the live conference call by dialing 1-877-451-6152 (USA) or 1-201-389-0879 (International) [2]. - A live webcast of the conference call will be available through the investor relations website [2]. - For those unable to attend the live broadcast, an audio replay will be accessible on the investor relations website or via telephone replay [3].

Financial Data and Key Metrics Changes - The company reported a 6% increase in net sales for Q4 2024, reaching $215 million compared to $203 million in the same period last year [6][30] - Gross margin expanded by 130 basis points to 37.7% from 36.4% year-over-year [6][32] - Net income for Q4 2024 was $8.9 million or $0.41 per diluted share, up from $2.7 million or $0.13 per diluted share in Q4 2023 [29] Business Line Data and Key Metrics Changes - U.S. segment sales increased by 5.8% to $196 million, driven by online sales strategy and market share gains [30] - E-commerce sales grew by 9% to $51.5 million in Q4, contributing to 24% of total sales for the quarter [9][30] - International segment sales rose by 7.2% to $19.2 million, with significant growth in e-commerce and UK nationals [31] Market Data and Key Metrics Changes - The company experienced a decline in the mass channel, particularly affecting the KitchenAid brand, which impacted overall performance [39] - E-commerce sales in the U.S. reported a second consecutive quarter of double-digit growth, increasing by 10% year-over-year [9] Company Strategy and Development Direction - The company is focusing on organic growth through the Dolly Parton program, expecting to double sales from $7 million in 2024 [11][12] - Project Concorde was launched to streamline international operations and improve profitability, with a target to reach breakeven by 2026 [25][26] - The company is relocating its East Coast distribution center to Maryland to enhance operational efficiency and reduce costs [19][20] Management Comments on Operating Environment and Future Outlook - Management noted a cautious consumer sentiment due to macroeconomic uncertainties and inflation, but remains optimistic about the resilience of the business model [10][27] - The company anticipates continued growth in the foodservice business and international segment, despite potential economic headwinds [54] Other Important Information - The company generated free cash flow of $16.3 million for the full year 2024, net of planned inventory increases to mitigate tariff risks [36] - The effective tax rate for 2024 was reported at 75.5%, influenced by foreign losses and state taxes [35] Q&A Session Summary Question: Can you provide more detail about the mass channel softness? - Management indicated that the mass channel experienced a loss of share in the KitchenAid brand, which negatively impacted performance [39] Question: What is the current exposure to China regarding tariffs? - The majority of production is still in China, but the company aims to reduce this significantly by the end of 2025 [42][53] Question: What is the expected operating loss for the international segment? - The EBITDA loss for the international segment was just under $10 million, with a goal to reach breakeven by 2026 [46] Question: Can you quantify tariff exposure? - The company is looking to reduce its reliance on China, with plans to move over 50% of production outside of China by the end of 2025 [52] Question: What brands performed well last year? - Brands like Farberware and Macasa saw growth, while Taylor and FalseCraft faced declines, with plans to revitalize the latter [60][61]