Lifetime Brands Q3 net sales up 3.4%, net loss $4.2 million; 2026 profit outlook cut
Lifetime Brands reported third-quarter 2026 net sales of $177.7 million, up 3.4%, but swung to a net loss of $4.2 million, or $(0.19) per diluted share, after a $3.3 million SKU rationalization charge. The company cut its full-year 2026 guidance for income from operations and net income, and the Board increased its share repurchase authorization to $20 million.
Key points
- Q3 net sales rose to $177.7 million from $171.9 million; net loss was $(4.2) million versus $(1.2) million a year earlier
- Adjusted diluted income per share was $0.37, up from $0.11; GAAP diluted loss per share was $(0.19)
- Full-year 2026 income from operations guidance lowered to $42.5 million to $45 million from $48 million to $50.5 million; net income guidance lowered to $19 million to $20.5 million from $23 million to $24.5 million
- Board authorized repurchases of $20 million of common stock as of November 3, 2026; quarterly dividend of $0.0425 per share declared
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.