Lifetime Brands Raises Full-Year Sales Guidance to $650–$700M After Q1 Beat
LCUT•Lifetime Brands posted first quarter net sales of $143.5 million, up 2.4% year-over-year, with gross margin rising to 37.7% from 36.1%. Adjusted EBITDA reached $52.7 million for the trailing twelve months, and full-year guidance targets $650–$700 million in sales and $0.73–$0.80 adjusted EPS.
1. Strong Net Sales and Margin Expansion
Net sales for the quarter ended March 31, 2026 reached $143.5 million, a 2.4% increase versus $140.1 million last year. Gross margin improved to 37.7% from 36.1% in Q1 2025, while SG&A expenses rose 16.8% to $36.8 million, leading to an operating loss of $2.2 million.
2. Improvement in Adjusted Profitability
Adjusted income from operations totaled $5.4 million, reversing a $0.9 million loss in the prior year period. Adjusted net income was $0.8 million, or $0.04 per share, versus a $5.3 million loss last year, and trailing twelve-month adjusted EBITDA stood at $52.7 million.
3. Guidance and Strategic Investments
Full-year 2026 guidance calls for $650–$700 million in net sales, $44.5–$47 million in adjusted operating income, and $0.73–$0.80 adjusted EPS. The new Hagerstown distribution center is fully operational, and Home Solutions revenue grew nearly 23% in Q1, supporting confidence in future growth.
