Lifetime Brands (LCUT) Misses Q2 EPS by 19c; Offers FY22 Revenue Guidance
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Lifetime Brands, Inc. Reports Second Quarter 2022 Financial Results
August 4, 2022 7:00 AM EDTGARDEN CITY, N.Y., Aug. 04, 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 reported its financial results for the quarter ended June 30, 2022.
Rob Kay, Lifetimes Chief Executive Officer, commented, Our performance in the second quarter, while remaining strong compared to pre-pandemic levels, was impacted by the macroeconomic challenges that companies across industries and retailers in particular continue to face. Inflation and supply chain disruptions, have created inventory buildup in... More
