Lifetime Brands Reports Strong Q4 Earnings, Revenue Growth

Lifetime Brands, Inc. has released its 2024 10-K report, revealing a slight decline in net sales to $683 million, attributed to decreased performance in its U.S. kitchenware and tableware segments, despite an increase in international sales. The company reported a fourth-quarter profit of $8.9 million, significantly up from $2.7 million the previous year, highlighting a revenue increase of 5.9% to $215.2 million. CEO Rob Kay noted that strong consumer demand in December capped a successful year, with key growth driven by online sales and new product launches. Despite the positive results, the company's return on capital employed remains low at 5.7%, underperforming industry averages. The firm is also navigating macroeconomic challenges, including tariffs, by relocating production and maintaining a strong liquidity position of $111.7 million. Overall, Lifetime Brands aims to leverage its operational strategies to enhance future growth while managing risks from the fluctuating trade environment.