Lifetime Brands | 8-K: FY2025 Q1 Revenue Misses Estimate at USD 140.09 M

Revenue: As of FY2025 Q1, the actual value is USD 140.09 M, missing the estimate of USD 142.66 M.

EPS: As of FY2025 Q1, the actual value is USD -0.19.

Segment Revenue

• Total Net Sales: $140.1 million for the three months ended March 31, 2025, a decrease of $2.1 million or 1.5% compared to $142.2 million for the corresponding period in 2024.
• U.S. Sales: $128.5 million, a decrease of $1.97 million or 1.5% compared to $130.5 million in 2024.
• International Sales: $11.6 million, a decrease of $0.2 million or 1.6% compared to $11.8 million in 2024.

Operational Metrics

• Gross Margin: $50.6 million or 36.1% for the three months ended March 31, 2025, compared to $57.5 million or 40.5% for the corresponding period in 2024.
• Selling, General and Administrative Expenses: $31.5 million, a decrease of $8.0 million or 20.3% compared to $39.5 million in 2024, including a net legal settlement gain of $6.4 million.
• Income from Operations: $1.1 million, compared to $1.8 million in 2024.
• Net Loss: - $4.2 million or - $0.19 per diluted share, compared to - $6.3 million or - $0.29 per diluted share in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $16.7 million for the three months ended March 31, 2025, compared to $10.5 million in 2024.
• Net Cash Used in Investing Activities: - $1.6 million, compared to - $0.6 million in 2024.
• Net Cash Used in Financing Activities: - $7.8 million, compared to - $21.4 million in 2024.

Unique Metrics

• Adjusted EBITDA: $51.0 million for the trailing twelve months ended March 31, 2025.

Outlook / Guidance

• Lifetime Brands, Inc. has decided not to provide financial guidance for the full year 2025 due to the shifting macro environment.
• Project Concord, aimed at improving the International segment, remains on track.
• The company has paused plans to host an Investor Day in the fall.