Lifetime Brands (LCUT) Announces $20M Share Buyback

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Lifetime Brands' Board of Directors Authorizes $20 Million Share Repurchase Program

March 14, 2022 7:00 AM EDT

GARDEN CITY, N.Y., March 14, 2022 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced that its Board of Directors authorized a share repurchase program under which the Company may purchase up to $20 million of Lifetime Brands common stock. This program replaces the Companys previously authorized $10 million share repurchase program.

Robert Kay, Lifetimes Chief Executive Officer, commented, The Boards decision to authorize the share repurchase program reflects our strong cash generation and... More