Lifetime Brands (LCUT) Misses Q1 EPS by 13c

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Go back to Lifetime Brands (LCUT) Misses Q1 EPS by 13c

Lifetime Brands, Inc. Reports First Quarter Financial Results

May 10, 2016 7:02 AM EDT

GARDEN CITY, N.Y.--(BUSINESS WIRE)-- Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, today reported its financial results for the first quarter ended March 31, 2016.

Consolidated net sales were $110.9 million, as compared to consolidated net sales of $117.7 million for the corresponding period in 2015. In constant currency, which excludes the impact of foreign exchange fluctuations, consolidated net sales decreased 4.8%, as compared to consolidated net sales in the corresponding period in 2015.

Gross margin was $40.6 million, or 36.6%, as compared to $44.9 million, or 38.2%, for the... More