Lifetime Brands, Inc. Provides Earnings Guidance for the Full Fiscal Year Ending December 31, 2021
May 06, 2021 at 07:00 am EDT
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Lifetime Brands, Inc. provided earnings guidance for year ending December 31, 2021. For the period, the company provided Net sales is expected to be in the range of $847 to $856 million. Income from operations is expected to be in the range of $53.5 to $56 million. Net income is expected to be in the range of $53.5 to $56 million. Diluted earnings per common share is expected to be in the range of $1.24 per share to $1.33 per share.
Lifetime Brands, Inc. designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through two segments: United States and International. The Company designs, markets and distributes its products to retailers, distributors and directly to consumers through retail Websites. The Company's product categories include two categories of products used to prepare, serve, and consume foods, including Kitchenware (kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantry ware, spice racks and bakeware) and Tableware (dinnerware, stemware, flatware, and giftware). Its Home Solutions category includes products used in the home (thermal beverageware, bath scales, weather and outdoor household products, food storage, neoprene travel products and home decor). Its brands include Farberware, Mikasa, KitchenAid, Taylor, BUILT NY, KitchenCraft, Kamenstein, Pfaltzgraff, Rabbit, and MasterClass.
LIFETIME BRANDS, INC. 
