Brief: Lifetime Brands Inc Reports Q2 Adjusted Loss Per Share $0.22

Lifetime Brands

08/08/2019 13:39

Aug 8 (Reuters) - Lifetime Brands Inc  LCUT.O :
    * LIFETIME BRANDS, INC. REPORTS SECOND QUARTER 2019
FINANCIAL
RESULTS
    * Q2 ADJUSTED LOSS PER SHARE $0.22 EXCLUDING ITEMS
    * Q2 LOSS PER SHARE $0.56
    * Q2 SALES FELL 4.2 PERCENT TO $142.5 MILLION
    * "WILL CONTINUE TO TAKE ACTION TO OFFSET TARIFF IMPACT ON
MARGINS
AND SALES"
    * "WILL CONTINUE TO TAKE ACTION TO OFFSET TARIFF IMPACT ON
MARGINS
AND SALES"
    * SEES FY NET SALES $755 MILLION TO $760 MILLION
    * BUSINESS IN Q2 IMPACTED BY TEMPORARY DOWN CYCLES IN RETAIL
INDUSTRY THAT DROVE SOFTNESS IN END MARKETS
    * SEES FY DILUTED INCOME PER COMMON SHARE $0.14 TO $0.26 PER
SHARE
    * SEES FY ADJUSTED EARNINGS PER SHARE $0.50 TO $0.62
    * REVISING FY ADJUSTED EBITDA GUIDANCE TO A RANGE OF $66 TO
$70
MILLION
    * LIFETIME BRANDS - Q2 DOWN CYCLES IN RETAIL INDUSTRY DRIVEN
BY,
AMONG OTHERS, IMPACT OF GEOPOLITICAL CONDITIONS, INCL. TARIFFS,
BREXIT UNCERTAINTY IN EUROPE

Source text for Eikon:  ID:nGNX9mz6Lg 
Further company coverage:  LCUT.O 

 ((Reuters.Briefs@thomsonreuters.com;))