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Lifetime Brands (LCUT)
NASDAQ:LCUT
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.49Last Year’s EPS
$0.29Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -10.20%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable strengths in e-commerce and international segments, but significant challenges in overall sales, guidance reduction, and increased expenses. While there are positive prospects in the e-commerce growth and international expansion, the immediate financial outlook is dampened by sales declines and market uncertainties.Company Guidance
During the Lifetime Brands Third Quarter 2024 Earnings Call, the company reported net sales of $183.8 million, a decrease from $191.7 million in the same period last year. The decline was attributed to softer end markets, slower volume at points of sale, and destocking in the U.S. mass channel, including a delay in the Dollar General Dolly Parton program shipments to 2025, impacting $4 million of anticipated sales. Despite these challenges, the company saw robust e-commerce growth, with sales reaching $34.4 million, or 18.7% of total sales for the quarter, driven by a 10.7% increase in U.S. e-commerce sales. International sales rose by 10.9%, propelled by new placements in Europe and a strategic shift in the U.K. The company maintained steady gross margins of approximately 37%, supported by sourcing products at reduced costs. Guidance for full-year 2024 sales was adjusted to $680 million to $700 million, reflecting these market dynamics and anticipated M&A activities.Strong E-commerce Performance
Consolidated e-commerce sales increased to $34.4 million or 18.7% of total sales year-over-year. U.S. e-commerce sales reported notably strong growth, with an increase of 10.7% in the third quarter year-over-year.
International Segment Growth
The International segment saw a sales increase of 10.9% from the comparable prior year quarter, driven by a successful go-to-market strategy and new placements at large retailers.
Supply Chain Resilience
Despite global challenges, the company maintained favorable margins of approximately 37% in the quarter and expanded production outside of China, including a major SKU transfer to Cambodia.
Improvement in Gross Margins
International gross margin increased to 34.6% from 32.5%, driven by customer and product mix.
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LCUT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LCUT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.37 | $6.02 | -5.49% |
| Aug 08, 2024 | $7.22 | $7.16 | -0.83% |
| May 09, 2024 | $9.12 | $9.91 | +8.66% |
| Mar 12, 2024 | $9.78 | $9.67 | -1.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lifetime Brands (LCUT) report earnings?
Lifetime Brands (LCUT) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Lifetime Brands (LCUT) earnings time?
Lifetime Brands (LCUT) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LCUT EPS forecast?
LCUT EPS forecast for the fiscal quarter 2024 (Q4) is $0.49.
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