LCUT

EX-99.1

2 ex99108062026.htm

EX-99.1

Document

Exhibit 99.1

Lifetime Brands, Inc. Reports Second Quarter 2026 Financial Results

Declares Regular Quarterly Dividend

GARDEN CITY, NY, August 6, 2026 – 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 June 30, 2026.

Rob Kay, Lifetime's Chief Executive Officer, commented, “Our second quarter results were in line with expectations and reflected notable growth compared to the prior year period that had been adversely impacted by the U.S. government implementation of initial high tariff rates across many countries. Net sales were up 7.4% and we saw significant earnings growth that includes the expected recovery of tariffs we paid in 2025. We will put that capital to work, paying the associated taxes, restoring reductions that had been implemented in 2025 to increase our bottom line against the impact from these tariff expenses and to fund the investments to bolster competitiveness and restore the balance sheet strength which we have used to fund the carrying cost of tariffs paid. Accordingly, since the end of the first quarter, we have repaid $40 million of term debt using cash generated from operations and the receipt of tariff refunds. The underlying business performed well despite softer end markets, led by growth in warehouse club programs and e-commerce. The relaunch of our redesigned Farberware line is off to an encouraging start and we extended our Dolly Parton license for an additional three years, reflecting the continued strength of that partnership. Our International segment again narrowed its losses and remains on track to achieve break-even in 2026, and the Hagerstown facility is online. While this new facility is experiencing startup challenges, we remain targeted for full operation by the fourth quarter this year. For 2026, we are reaffirming our net sales guidance, and raising earnings guidance to reflect the recognition of the tariff refunds. As previously announced, we look forward to presenting our longer-term strategy at our upcoming Investor Day this December.

Second Quarter Financial Results:

Consolidated net sales for the three months ended June 30, 2026 were $141.6 million, representing an increase of $9.7 million, or 7.4%, as compared to net sales of $131.9 million for the corresponding period in 2025. In constant currency, a non-GAAP financial measure, which excludes the impact of foreign exchange fluctuations and was determined by applying 2026 average rates to 2025 local currency amounts, consolidated net sales increased by $9.5 million, or 7.2%, as compared to consolidated net sales in the corresponding period in 2025. A table reconciling this non-GAAP financial measure to consolidated net sales, as reported, is included below.

Gross margin for the three months ended June 30, 2026 was $93.2 million, or 65.9%, as compared to $50.8 million, or 38.6%, for the corresponding period in 2025. Gross margin for the current period includes a tariff refund benefit of $40.1 million.

Selling, general and administrative expenses for the three months ended June 30, 2026 were $39.5 million, an increase of $2.0 million, or 5.3%, as compared to $37.5 million for the corresponding period in 2025.

Income from operations was $31.6 million, as compared to loss from operations of $(37.2) million for the corresponding period in 2025. Income from operations for the current period includes a tariff refund benefit of $40.1 million. Loss from operations for the prior period included a non-cash goodwill impairment charge of $33.2 million related to the U.S. segment.

Adjusted income from operations(1) was $41.1 million, as compared to adjusted income from operations of $0.9 million for the corresponding period in 2025. The 2026 period included adjustments for acquisition-related intangible amortization expense of $4.3 million, acquisition-related diligence expenses of $1.0 million, restructuring expenses of $2.0 million, and warehouse relocation and redesign expenses of $2.2 million. The 2025 period included adjustments for acquisition-related intangible amortization expense of $4.4 million, acquisition-related diligence expenses of $0.1 million, warehouse relocation and redesign expenses of $0.1 million, severance expenses of $0.3 million and goodwill impairment charge of $33.2 million.

1

Net income was $19.6 million, or $0.87 per diluted share, as compared to net loss of $(39.7) million, or $(1.83) per diluted share, in the corresponding period in 2025. Net income for the current period included a pre-tax tariff refund benefit of $40.1 million. Net loss for the prior period included a non-cash goodwill impairment charge of $33.2 million.

Adjusted net income(1) was $26.6 million, or $1.18 per diluted share, as compared to adjusted net loss of $(2.6) million, or $(0.12) per diluted share, i

EX-99.1

2 ex99105072026.htm

EX-99.1

Document

Exhibit 99.1

Lifetime Brands, Inc. Reports First Quarter 2026 Financial Results

Quarterly Net Sales and Earnings Beat Consensus

GARDEN CITY, NY, May 7, 2026 – 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, 2026.

Rob Kay, Lifetime's Chief Executive Officer, commented, “Our first quarter results validate decisions that carried short-term cost, but were right for the business. We moved first on pricing, took deliberate action on our cost structure, and continued investing in new products while many in our industry pulled back. The payoff is showing up, as net sales and adjusted EBITDA both grew year-over-year, we believe we outperformed our peers, and we are providing full-year guidance that reflects our confidence in where this business is headed. Home Solutions grew nearly 23% in the quarter, with the Dolly Parton brand continuing to build on its strong trajectory, and our kitchen tools division, our largest division, delivered a strong performance. The pricing tailwind we created by moving early is now fully embedded and structural. The new Hagerstown distribution center is online, on time and favorable to plan, and we continue to see compelling growth opportunities that could further strengthen our competitive positioning. We have a proven playbook and the momentum to deliver on our commitments to shareholders.”

First Quarter Financial Results:

Consolidated net sales for the three months ended March 31, 2026 were $143.5 million, representing an increase of $3.4 million, or 2.4%, as compared to net sales of $140.1 million for the corresponding period in 2025. In constant currency, a non-GAAP financial measure, which excludes the impact of foreign exchange fluctuations and was determined by applying 2026 average rates to 2025 local currency amounts, consolidated net sales increased by $2.5 million, or 1.8%, as compared to consolidated net sales in the corresponding period in 2025. A table reconciling this non-GAAP financial measure to consolidated net sales, as reported, is included below.

Gross margin for the three months ended March 31, 2026 was $54.2 million, or 37.7%, as compared to $50.6 million, or 36.1%, for the corresponding period in 2025.

Selling, general and administrative expenses for the three months ended March 31, 2026 were $36.8 million, an increase of $5.3 million, or 16.8%, as compared to $31.5 million for the corresponding period in 2025.

Loss from operations was $(2.2) million, as compared to income from operations of $1.1 million for the corresponding period in 2025.

Adjusted income from operations(1) was $5.4 million, as compared to adjusted loss from operations of $(0.9) million for the corresponding period in 2025. The 2026 period included adjustments for acquisition-related intangible amortization expense of $4.4 million, restructuring expenses of $2.0 million, acquisition-related diligence expenses of $1.1 million and warehouse relocation and redesign expenses of $0.1 million. The 2025 period included adjustments for acquisition-related intangible amortization expense of $4.4 million and a non-recurring gain related to a litigation settlement of $6.4 million.

Net loss was $(4.8) million, or $(0.22) per diluted share, as compared to net loss of $(4.2) million, or $(0.19) per diluted share, in the corresponding period in 2025.

Adjusted net income(1) was $0.8 million, or $0.04 per diluted share, as compared to adjusted net loss of $(5.3) million, or $(0.25) per diluted share, in the corresponding period in 2025.

Adjusted EBITDA(1) was $52.7 million for the trailing twelve months ended March 31, 2026.

Liquidity as of March 31, 2026 was $110.2 million, consisting of $13.9 million of cash and cash equivalents, $80.0 million of availability under the ABL Agreement, limited by the Term Loan financial covenant, and $16.3 million of available funding under the Receivables Purchase Agreement.

(1) A table reconciling this non-GAAP financial measure to its most comparable GAAP financial measure, as reported, is included below.

1

Full Year 2026 Guidance

For the full year ending December 31, 2026, the Company is providing the following financial guidance

(in millions - except per share data):

Net sales $650 to $700

Income from operations $12 to $14.5

Adjusted income from operations $44.5 to $47

Net loss $(6.5) to $(5)

Adjusted net income $16 to $17.5

Diluted loss per common share(1)

$(0.30) to $(0.23) per share

Adjusted diluted income per common share(2)

$0.73 to $0.80 per share

Weighted-average diluted shares

22

Adjusted EBITDA, before limitation

$53.5 to $56

(1) Diluted loss per common share is calculated based on weighted-average shares outstanding of 21.8 million.

(2) Adjusted dilutive income per common share is calculated based on weighted-a

lcut-202603120000874396FALSE00008743962026-03-122026-03-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 12, 2026

Lifetime Brands, Inc. (Exact Name of Registrant as Specified in Its Charter)

Delaware0-1925411-2682486 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

1000 Stewart Avenue, Garden City, New York 11530 (Address of Principal Executive Offices) (Zip Code) 516-683-6000 (Registrant’s Telephone Number, Including Area Code) N/A (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, $0.01 par valueLCUTThe Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02 Results of Operations and Financial Condition. On March 12, 2026, Lifetime Brands, Inc. (the “Company”) issued a press release announcing the Company’s results for the fourth quarter and year ended December 31, 2025. A copy of the Company’s press release is furnished as Exhibit 99.1 to this report and is incorporated by reference into this Item 2.02. The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits. (d)    Exhibits

Exhibit Index Exhibit No. 99.1Press release dated March 12, 2026

104Cover Page Interactive Data File (formatted in Inline XBRL document)

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Lifetime Brands, Inc.

By:/s/ Laurence Winoker Laurence Winoker Executive Vice President, Treasurer and Chief Financial Officer

Date: March 12, 2026