Lifetime Brands Q2 FY26 swings to GAAP net income of $19.61 million; net sales rise 7.4% to $141.57 million - LCUT News | RalliesLifetime Brands Q2 FY26 swings to GAAP net income of $19.61 million; net sales rise 7.4% to $141.57 million
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LCUT• Outlook
- Full-year net sales guidance stayed at USD 650 million to USD 700 million; operating income outlook lifted to USD 48 million to USD 50.5 million.
Quarterly results
- Lifetime Brands posted Q2 net income of USD 19.61 million, returning to profit; diluted EPS was USD 0.87.
- Net sales rose 7.4% to USD 141.57 million; gross margin widened 27.3 percentage points to 65.9% on a USD 40.1 million tariff refund benefit.
- Operating income was USD 31.63 million, swinging from a loss; management said it repaid USD 40 million of term debt since Q1.
