Tag Archives: Jeffrey Siegel

Lifetime Brands Posts Q3 Net Loss Despite Sales Gain

LTB NEW LOGO

GARDEN CITY, N.Y.-Rising expenses and reduced margins trumped a healthy gain in sales to produce a $1.6 million net loss for Lifetime Brands (NASDAQGS: LCUT) in its fiscal third quarter. Selling, general and administrative expenses rose 13.5 percent in dollars, although they shed 10 basis points as a percentage of sales. The Lifetime numbers alsoMore »

Last updated: November 6, 2014

Lifetime Brands Q2 Net Loss Hits $3.2 Million

Lifetime Brands

GARDEN CITY, N.Y.-Lower gross margin and increased expenses led Lifetime Brands to a second-quarter net loss of $3.2 million, compared to a net loss of $568,000 in the second quarter of last year. Gross margin in the quarter, which ended on June 30, was down 207 basis points to 35.42 percent—the result, according to LifetimeMore »

Last updated: August 5, 2014

Lifetime Q1 Loss Jumps; Sales Gain 20 Percent

Lifetime Brands

GARDEN CITY, N.Y.-Although sales rose by a robust 20 percent, Lifetime Brands’ first-quarter net loss reached $2.9 million, compared to a net loss of $632,000 in its first quarter of last year. Net sales totaled $118.4 million in the quarter, which ended on March 31, and gross margin gained 63 basis points to finish atMore »

Last updated: May 1, 2014

Lifetime Brands FY, Q4 Net Fall; Acquires La Cafetière

Lifetime Brands

GARDEN CITY, N.Y.-Higher expenses and an increased provision for income taxes slashed Lifetime Brands’ bottom line for both the fiscal year and the fourth quarter, which ended on Dec. 31. Along with announcing its financial results, Lifetime also said it has acquired U.K.-based La Cafetière from The Greenfield Group Limited, including exclusive distribution rights. LaMore »

Last updated: March 13, 2014