Lifetime Brands, Inc. Reports Second Quarter Financial Results
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August 9, 2016 7:24 AM EDT
Lifetime Brands (NASDAQ: LCUT) declared a quarterly dividend of $0.0425 per share, or $0.17 annualized.
The dividend will be payable on November 15, 2016, to stockholders of record on November 1, 2016, with an ex-dividend date of October 28, 2016.
The annual yield on the dividend is 1.2 percent.
For... More
August 9, 2016 7:23 AM EDT
Lifetime Brands (NASDAQ: LCUT) reported Q2 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $118.1 million versus the consensus estimate of $123.35 million.
Jeffrey Siegel, Lifetime's Chairman and Chief Executive Officer, commented,
As we previously have noted, Lifetimes business is heavily weighted to the second half of the year. Our results for this quarter generally were in line with our expectations. Consolidated net sales decreased modestly, reflecting the timing of shipments. This decrease was offset by... More
