Lifetime Brands Q2 net loss widens on impairment charge

Lifetime Brands

07/08/2025 12:22

Overview

Lifetime Brands Q2 sales fall 6.9% yr/yr, missing analyst expectations

Co reports significant net loss due to $33.2 mln goodwill impairment

Lifetime Brands maintains strong liquidity, reduces SG&A expenses for cost efficiency

Outlook

Company expects to manage near-term volatility with strong liquidity

Lifetime Brands focuses on long-term growth despite macroeconomic pressures

Company views current market challenges as non-recurring

Lifetime Brands adapting to tariff-related headwinds

Result Drivers

GROSS MARGIN - Co maintained gross margin at 38.6% due to strong pricing strategy and supply chain management

SG&A REDUCTION - Reduced selling, general and administrative expenses by 2.1% to improve cost efficiency

GOODWILL IMPAIRMENT - $33.2 mln non-cash goodwill impairment charge due to tariff impacts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$131.86 mln
$138.10 mln (2 Analysts)
Q2 EPS
-$1.83
Q2 Adjusted Net Income
Miss
-$10.90 mln
-$4 mln (1 Analyst)
Q2 Net Income
-$39.70 mln
Q2 Income From Operations
Miss
-$37.21 mln
-$200,000 (1 Analyst)
Q2 Pretax Profit
Miss
-$42.48 mln
-$5.40 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the appliances, tools & housewares peer group is "hold."

Wall Street's median 12-month price target for Lifetime Brands Inc is $6.50, about 35.7% above its August 6 closing price of $4.18

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX73wdpg

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)