Form 8-K

8-K — LIFETIME BRANDS, INC

Accession: 0000874396-26-000018

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0000874396

SIC: 3420 (CUTLERY, HANDTOOLS & GENERAL HARDWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — lcut-20260507.htm (Primary)

EX-99.1 (ex99105072026.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: lcut-20260507.htm · Sequence: 1

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0000874396FALSE00008743962026-05-072026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________

FORM 8-K

__________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 7, 2026

__________________________

Lifetime Brands, Inc.

(Exact Name of Registrant as Specified in Its Charter)

__________________________

Delaware 0-19254 11-2682486

(State or Other Jurisdiction

of Incorporation) (Commission

File Number) (IRS Employer

Identification No.)

1000 Stewart Avenue, Garden City, New York 11530

(Address of Principal Executive Offices) (Zip Code)

516-683-6000

(Registrant’s Telephone Number, Including Area Code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

__________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading

Symbol(s) Name of each exchange

on which registered

Common Stock, $0.01 par value LCUT The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 7, 2026, Lifetime Brands, Inc. (the “Company”) issued a press release announcing the Company’s results for the first quarter ended March 31, 2026. A copy of the Company’s press release is furnished as Exhibit 99.1 to this report and is incorporated by reference into this Item 2.02.

The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Index

Exhibit No.

99.1

Press release dated May 7, 2026

104 Cover Page Interactive Data File (formatted in Inline XBRL document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Lifetime Brands, Inc.

Date: May 7, 2026

By: /s/ Laurence Winoker

Laurence Winoker

Executive Vice President, Treasurer and

Chief Financial Officer

EX-99.1

Filename: ex99105072026.htm · Sequence: 2

Document

Exhibit 99.1

Lifetime Brands, Inc. Reports First Quarter 2026 Financial Results

Quarterly Net Sales and Earnings Beat Consensus

GARDEN CITY, NY, May 7, 2026 – 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 March 31, 2026.

Rob Kay, Lifetime's Chief Executive Officer, commented, “Our first quarter results validate decisions that carried short-term cost, but were right for the business. We moved first on pricing, took deliberate action on our cost structure, and continued investing in new products while many in our industry pulled back. The payoff is showing up, as net sales and adjusted EBITDA both grew year-over-year, we believe we outperformed our peers, and we are providing full-year guidance that reflects our confidence in where this business is headed. Home Solutions grew nearly 23% in the quarter, with the Dolly Parton brand continuing to build on its strong trajectory, and our kitchen tools division, our largest division, delivered a strong performance. The pricing tailwind we created by moving early is now fully embedded and structural. The new Hagerstown distribution center is online, on time and favorable to plan, and we continue to see compelling growth opportunities that could further strengthen our competitive positioning. We have a proven playbook and the momentum to deliver on our commitments to shareholders.”

First Quarter Financial Results:

Consolidated net sales for the three months ended March 31, 2026 were $143.5 million, representing an increase of $3.4 million, or 2.4%, as compared to net sales of $140.1 million for the corresponding period in 2025. In constant currency, a non-GAAP financial measure, which excludes the impact of foreign exchange fluctuations and was determined by applying 2026 average rates to 2025 local currency amounts, consolidated net sales increased by $2.5 million, or 1.8%, as compared to consolidated net sales in the corresponding period in 2025. A table reconciling this non-GAAP financial measure to consolidated net sales, as reported, is included below.

Gross margin for the three months ended March 31, 2026 was $54.2 million, or 37.7%, as compared to $50.6 million, or 36.1%, for the corresponding period in 2025.

Selling, general and administrative expenses for the three months ended March 31, 2026 were $36.8 million, an increase of $5.3 million, or 16.8%, as compared to $31.5 million for the corresponding period in 2025.

Loss from operations was $(2.2) million, as compared to income from operations of $1.1 million for the corresponding period in 2025.

Adjusted income from operations(1) was $5.4 million, as compared to adjusted loss from operations of $(0.9) million for the corresponding period in 2025. The 2026 period included adjustments for acquisition-related intangible amortization expense of $4.4 million, restructuring expenses of $2.0 million, acquisition-related diligence expenses of $1.1 million and warehouse relocation and redesign expenses of $0.1 million. The 2025 period included adjustments for acquisition-related intangible amortization expense of $4.4 million and a non-recurring gain related to a litigation settlement of $6.4 million.

Net loss was $(4.8) million, or $(0.22) per diluted share, as compared to net loss of $(4.2) million, or $(0.19) per diluted share, in the corresponding period in 2025.

Adjusted net income(1) was $0.8 million, or $0.04 per diluted share, as compared to adjusted net loss of $(5.3) million, or $(0.25) per diluted share, in the corresponding period in 2025.

Adjusted EBITDA(1) was $52.7 million for the trailing twelve months ended March 31, 2026.

Liquidity as of March 31, 2026 was $110.2 million, consisting of $13.9 million of cash and cash equivalents, $80.0 million of availability under the ABL Agreement, limited by the Term Loan financial covenant, and $16.3 million of available funding under the Receivables Purchase Agreement.

(1) A table reconciling this non-GAAP financial measure to its most comparable GAAP financial measure, as reported, is included below.

Full Year 2026 Guidance

For the full year ending December 31, 2026, the Company is providing the following financial guidance

(in millions - except per share data):

Net sales

$650 to $700

Income from operations

$12 to $14.5

Adjusted income from operations

$44.5 to $47

Net loss

$(6.5) to $(5)

Adjusted net income

$16 to $17.5

Diluted loss per common share(1)

$(0.30) to $(0.23) per share

Adjusted diluted income per common share(2)

$0.73 to $0.80 per share

Weighted-average diluted shares

Adjusted EBITDA, before limitation

$53.5 to $56

(1) Diluted loss per common share is calculated based on weighted-average shares outstanding of 21.8 million.

(2) Adjusted dilutive income per common share is calculated based on weighted-average diluted shares of 22 million, which

includes the effect of dilutive securities of 0.2 million.

Tables reconciling non-GAAP financial measures to GAAP financial measures, as reported, are included below.

Conference Call

The Company has scheduled a conference call for Thursday, May 7, 2026 at 11:00 a.m. (Eastern Time). The dial-in number for the conference call is 1-844-826-3035 (USA) or 1-412-317-5195 (International).

In addition, a live webcast of the conference call will be accessible through:

https://viavid.webcasts.com/starthere.jsp?ei=1759261&tp_key=a7a59b56d9

For those who cannot listen to the live broadcast, an audio replay of the webcast will be available on the Company’s investor relations website at https://lifetimebrands.gcs-web.com/ or via telephone replay by dialing 1-844-512-2921 (USA) or 1-412-317-6671 (International) and entering access code 10208255. The replay of the webcast will be available for one year.

Non-GAAP Financial Measures

This earnings release contains non-GAAP financial measures, including constant currency net sales, adjusted income (loss) from operations, adjusted net income (loss), adjusted diluted income (loss) per common share, adjusted EBITDA and adjusted EBITDA, before limitation. A non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statements of income, balance sheets, or statements of cash flows of a company; or, includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. These non-GAAP financial measures are provided because the Company's management uses these financial measures in evaluating the Company’s on-going financial results and trends, and management believes that exclusion of certain items allows for more accurate period-to-period comparison of the Company’s operating performance by investors and analysts. Management uses these non-GAAP financial measures as indicators of business performance. These non-GAAP financial measures should be viewed as a supplement to, and not a substitute for, GAAP financial measures of performance. As required by SEC rules, the Company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

Forward-Looking Statements

In this press release, the use of the words “advance,” “believe,” “continue,” “could,” “deliver,” “drive,” “enable,” “expect,” “gain,” “goal,” “grow,” “intend,” “maintain,” “manage,” “may,” “outlook,” “plan,” “positioned,” “project,” “projected,” “should,” “take,” “target,” “unlock,” “will,” “would”, or similar expressions is intended to identify forward-looking statements. Such statements include all statements regarding the growth of the Company, the Company’s financial guidance, the Company’s ability to navigate the current environment and advance the Company’s strategy, the Company’s commitment to increasing investments in future growth initiatives, the Company’s initiatives to create value, the Company’s efforts to mitigate geopolitical factors and tariffs, the Company’s current and projected financial and operating performance, results, and profitability and all guidance related thereto, including forecasted exchange rates and effective tax rates, as well as the

Company’s continued growth and success, future plans and intentions regarding the Company and its consolidated subsidiaries. Such statements represent the Company’s current judgments, estimates, and assumptions. The Company believes these judgments, estimates, and assumptions are reasonable, but these statements are not guarantees of any events or financial or operational results, and actual results may differ materially due to a variety of important factors. Such factors might include, among others, the Company’s ability to comply with the requirements of its credit agreements; the availability of funding under such credit agreements; the Company’s ability to maintain adequate liquidity and financing sources and an appropriate level of debt, as well as to deleverage its balance sheet; seasonality of the Company's cash flows; the possibility of impairments to the Company’s goodwill; the possibility of impairments to the Company’s intangible assets; the highly seasonal nature of the Company’s business; the Company’s ability to drive future growth and profitability from its European operations; changes in U.S. or foreign trade or tax law and policy; changes in general economic conditions that could impact the Company’s customers and affect customer purchasing practices or consumer spending; customer ordering behavior; the performance of the Company’s newer products; expenses and other challenges relating to the integration of any future acquisitions; changes in demand for the Company’s products; changes in the Company’s management team; the significant influence of the Company’s largest stockholder; fluctuations in foreign exchange rates; changes in U.S. trade policy or the trade policies of nations in which the Company or the Company’s suppliers do business; shortages of and price volatility for certain commodities; global health epidemic; social unrest, including related protests and disturbances; the emergence, continuation and consequences of geopolitical conditions, including political instability in the U.S. and abroad, unrest, sanctions, war and armed conflicts, increasing regional and global tensions, and associated disruptions and volatility in energy and oil markets; macro-economic challenges, including labor disputes, depreciation of the U.S. dollar, volatility in the capital markets, inflationary impacts and disruptions to the global supply chain; dependence on third-party manufacturers; increase in supply chain costs, including raw materials, sourcing, transportation and energy; the imposition of duties and tariffs and other trade barriers and retaliatory countermeasures and/or economic sanctions implemented by the U.S. and other governments; impact of tariffs and trade policies, particularly with respect to China; the Company’s ability to successfully integrate acquired businesses; the Company’s expectations regarding customer purchasing practices and the future level of demand for the Company’s products; the Company’s ability to execute on the goals and strategies set forth in the Company’s Project Concord plan; and significant changes in the competitive environment and the effect of competition on the Company’s markets, including on the Company’s pricing policies, financing sources and ability to maintain an appropriate level of debt. The Company undertakes no obligation to update these forward-looking statements other than as required by law.

Lifetime Brands, Inc.

Lifetime Brands is a leading global designer, developer and marketer of a broad range of branded consumer products used in the home. The Company markets its products under well-known kitchenware brands, including Farberware®, KitchenAid®, Sabatier®, Amco Houseworks®, Chef’n® Chicago™ Metallic, Copco®, Fred® & Friends, Houdini™, KitchenCraft®, Kamenstein®, La Cafetière®, MasterClass®, Misto®, Swing-A-Way®, Taylor® Kitchen, Rabbit®, and Dolly®; respected tableware and giftware brands, including Mikasa®, Pfaltzgraff®, Fitz and Floyd®, Empire Silver™, Gorham®, International® Silver, Towle® Silversmiths, Wallace®, Wilton Armetale®, V&A®, Royal Botanic Gardens Kew®, Year & Day®, Dolly®, Royal Leerdam®, and ONIS®; and valued home solutions brands, including BUILT NY®, S’well®, Taylor® Bath, Taylor® Kitchen, Taylor® Weather, Elements®, Planet Box®, and Dolly®. The Company also provides exclusive private label products to leading retailers worldwide.

The Company’s corporate website is www.lifetimebrands.com.

Contacts:

Lifetime Brands, Inc.

Laurence Winoker, Chief Financial Officer

516-203-3590

investor.relations@lifetimebrands.com

MZ North America

Shannon Devine

Main: 203-741-8811

LCUT@mzgroup.us

LIFETIME BRANDS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands—except per share data)

(unaudited)

Three Months Ended

March 31,

2026 2025

Net sales $ 143,508 $ 140,085

Cost of sales 89,339 89,448

Gross margin 54,169 50,637

Distribution expenses 17,583 18,070

Selling, general and administrative expenses 36,786 31,468

Restructuring expenses 2,030 —

(Loss) income from operations

(2,230) 1,099

Interest expense (4,512) (4,915)

Mark to market gain (loss) on interest rate derivatives

294 (527)

Loss before income taxes

(6,448) (4,343)

Income tax benefit

1,676 142

NET LOSS

$ (4,772) $ (4,201)

BASIC LOSS PER COMMON SHARE

$ (0.22) $ (0.19)

DILUTED LOSS PER COMMON SHARE

$ (0.22) $ (0.19)

LIFETIME BRANDS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands—except share data)

March 31,

2026 December 31,

2025

(unaudited)

ASSETS

CURRENT ASSETS

Cash and cash equivalents $ 13,864 $ 4,267

Accounts receivable, less allowances of $11,042 at March 31, 2026 and $11,970 at December 31, 2025

114,949 161,861

Inventory 190,299 194,046

Prepaid expenses and other current assets 11,704 12,147

Income taxes receivable 3,384 1,572

TOTAL CURRENT ASSETS 334,200 373,893

PROPERTY AND EQUIPMENT, net 18,260 15,441

OPERATING LEASE RIGHT-OF-USE ASSETS 45,008 48,506

INTANGIBLE ASSETS, net 128,557 132,922

OTHER ASSETS 1,836 1,793

TOTAL ASSETS $ 527,861 $ 572,555

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Current maturity of term loan $ 5,057 $ 5,022

Accounts payable 26,710 45,844

Accrued expenses 67,104 64,294

Current portion of operating lease liabilities 15,237 16,143

TOTAL CURRENT LIABILITIES 114,108 131,303

OTHER LONG-TERM LIABILITIES 13,552 14,261

INCOME TAXES PAYABLE, LONG-TERM 686 686

OPERATING LEASE LIABILITIES 39,239 42,442

DEFERRED INCOME TAXES 1,519 1,554

REVOLVING CREDIT FACILITY 36,611 54,105

TERM LOAN 124,650 125,927

STOCKHOLDERS’ EQUITY

Preferred stock, $1.00 par value, shares authorized: 100 shares of Series A and 2,000,000 shares of Series B; none issued and outstanding

— —

Common stock, $0.01 par value, shares authorized: 50,000,000 at March 31, 2026 and December 31, 2025; shares issued and outstanding: 22,855,008 at March 31, 2026 and 22,654,207 at December 31, 2025

229 227

Paid-in capital 284,305 283,449

Accumulated deficit

(69,132) (63,354)

Accumulated other comprehensive loss

(17,906) (18,045)

TOTAL STOCKHOLDERS’ EQUITY 197,496 202,277

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 527,861 $ 572,555

LIFETIME BRANDS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Three Months Ended

March 31,

2026 2025

OPERATING ACTIVITIES

Net loss

$ (4,772) $ (4,201)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization 5,282 5,698

Amortization of financing costs 669 704

Mark to market (gain) loss on interest rate derivatives

(294) 527

Operating leases, net (593) (556)

Provision for doubtful accounts

8 704

Stock compensation expense 1,043 1,062

Changes in operating assets and liabilities

Accounts receivable 46,774 50,832

Inventory 3,282 (6,324)

Prepaid expenses, other current assets and other assets 324 (3,345)

Accounts payable, accrued expenses and other liabilities (16,160) (28,038)

Income taxes receivable (1,812) —

Income taxes payable 8 (352)

NET CASH PROVIDED BY OPERATING ACTIVITIES

33,759 16,711

INVESTING ACTIVITIES

Purchases of property and equipment (3,843) (1,573)

NET CASH USED IN INVESTING ACTIVITIES

(3,843) (1,573)

FINANCING ACTIVITIES

Proceeds from revolving credit facility 48,669 88,894

Repayments of revolving credit facility (65,875) (93,363)

Repayments of term loan (1,875) (1,875)

Payments for finance lease obligations (12) (11)

Payments of tax withholding for stock based compensation (183) (416)

Cash dividends paid (1,015) (996)

NET CASH USED IN FINANCING ACTIVITIES

(20,291) (7,767)

Effect of foreign exchange on cash (28) 75

INCREASE IN CASH AND CASH EQUIVALENTS

9,597 7,446

Cash and cash equivalents at beginning of period 4,267 2,929

CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 13,864 $ 10,375

LIFETIME BRANDS, INC.

Supplemental Information

(in thousands)

Reconciliation of GAAP to Non-GAAP Operating Results

Adjusted EBITDA for the twelve months ended March 31, 2026:

Quarter Ended Twelve Months Ended March 31, 2026

June 30, 2025 September 30,

2025 December 31,

2025 March 31,

2026

(in thousands)

Net (loss) income as reported

$ (39,699) $ (1,189) $ 18,152 $ (4,772) $ (27,508)

Income tax (benefit) provision

(2,782) 2,861 (3,220) (1,676) (4,817)

Interest expense 5,054 5,013 5,048 4,512 19,627

Depreciation and amortization 5,437 5,398 5,315 5,282 21,432

Gain on disposition of fixed assets — (94) — — (94)

Mark to market loss (gain) on interest rate derivatives

220 8 (1) (294) (67)

Goodwill impairment 33,237 — — — 33,237

Stock compensation expense 1,044 994 201 1,043 3,282

Severance expense 270 — 241 — 511

Acquisition-related diligence expenses 123 49 1,799 1,104 3,075

Restructuring expenses — 304 24 2,030 2,358

Warehouse relocation and redesign expenses(1)

139 76 48 159 422

Pro forma adjustments(2)

1,250

Adjusted EBITDA(3)

$ 3,043 $ 13,420 $ 27,607 $ 7,388 $ 52,708

(1) For the twelve months ended March 31, 2026, warehouse relocation and redesign expenses were related to the U.S. segment.

(2) Pro forma adjustments represent operating expense reductions projected by the Company as a result of actions taken through March 31, 2026 or expected to be taken within 18 months of March 31, 2026, net of the benefits realized during the twelve months ended March 31, 2026. These actions include cost savings initiatives for the U.S. segment related to reductions in employee expenses and cost savings for the International segment related to Project Concord.

(3) Adjusted EBITDA is a non-GAAP financial measure that is defined in the Company’s debt agreements. Adjusted EBITDA is defined as net (loss) income, adjusted to exclude income tax (benefit) provision, interest expense, depreciation and amortization, gain on disposition of fixed assets, mark to market loss (gain) on interest rate derivatives, goodwill impairment, stock compensation expense, and other items detailed in the table above that are consistent with exclusions permitted by the Company’s debt agreements.

LIFETIME BRANDS, INC.

Supplemental Information

(in thousands—except per share data)

Reconciliation of GAAP to Non-GAAP Operating Results (continued)

Adjusted net income (loss) and adjusted diluted income (loss) per common share (in thousands -except per share data):

Three Months Ended March 31,

2026 2025

Net loss as reported

$ (4,772) $ (4,201)

Adjustments:

Acquisition-related intangible amortization expense

4,350 4,365

Legal settlement gain, net

— (6,400)

Acquisition-related diligence expenses 1,104 —

Restructuring expenses

2,030 —

Warehouse relocation and redesign expenses(1)

159 —

Mark to market (gain) loss on interest rate derivatives

(294) 527

Income tax effect on adjustments

(1,773) 395

Adjusted net income (loss)(2)

$ 804 $ (5,314)

Adjusted diluted income (loss) per common share(3)

$ 0.04 $ (0.25)

(1) For the three months ended March 31, 2026 and 2025, warehouse relocation and redesign expenses were related to the U.S. segment.

(2) Adjusted net income and adjusted diluted income per common share for the three months ended March 31, 2026 excludes acquisition-related intangible amortization expense, acquisition-related diligence expenses, restructuring expenses, warehouse relocation and redesign expenses, and mark to market gain on interest rate derivatives. The income tax effect on adjustments reflects the statutory tax rates applied on the adjustments and the income tax provision adjustment.

Adjusted net loss and adjusted diluted loss per common share for the three months ended March 31, 2025 excludes acquisition-related intangible amortization expense, a legal settlement gain, net, and mark to market loss on interest rate derivatives. The income tax effect on adjustments reflects the statutory tax rates applied on the adjustments.

(3) Adjusted diluted income (loss) per common share is calculated based on diluted weighted-average shares outstanding of 22,037 and 21,592 for the three months ended March 31, 2026 and 2025, respectively. The diluted weighted-average shares outstanding for the three months ended March 31, 2026 and 2025 include the effect of dilutive securities of 219 and zero, respectively.

Adjusted income (loss) from operations (in thousands):

Three Months Ended March 31,

2026 2025

(Loss) income from operations

$ (2,230) $ 1,099

Adjustments:

Acquisition-related intangible amortization expense

4,350 4,365

Legal settlement gain, net

— (6,400)

Acquisition-related diligence expenses 1,104 —

Restructuring expenses

2,030 —

Warehouse relocation and redesign expenses(1)

159 —

Total adjustments

7,643 (2,035)

Adjusted income (loss) from operations(2)

$ 5,413 $ (936)

(1) For the three months ended March 31, 2026 and 2025, warehouse relocation and redesign expenses were related to the U.S. segment.

(2) Adjusted income from operations for the three months ended March 31, 2026 excludes acquisition-related intangible amortization expense, acquisition-related diligence expenses, restructuring expenses, and warehouse relocation and redesign expenses. Adjusted loss from operations for the three months ended March 31, 2025, excludes acquisition-related intangible amortization expense, and a legal settlement gain, net.

LIFETIME BRANDS, INC.

Supplemental Information

(in thousands)

Reconciliation of GAAP to Non-GAAP Operating Results (continued)

Constant Currency:

As Reported

Three Months Ended

March 31,

Constant Currency (1)

Three Months Ended

March 31,

Year-Over-Year

Increase (Decrease)

Net sales 2026 2025 Increase

(Decrease) 2026 2025 Increase

(Decrease) Currency

Impact Excluding

Currency Including

Currency Currency

Impact

U.S. $ 130,707 $ 128,510 $ 2,197 $ 130,707 $ 128,525 $ 2,182 $ (15) 1.7% 1.7% —%

International 12,801 11,575 1,226 12,801 12,493 308 (918) 2.5% 10.6% 8.1%

Total net sales $ 143,508 $ 140,085 $ 3,423 $ 143,508 $ 141,018 $ 2,490 $ (933) 1.8% 2.4% 0.6%

(1) “Constant Currency” is determined by applying the 2026 average exchange rates to the prior year local currency sales amounts, with the difference between the change in “As Reported” net sales and “Constant Currency” net sales, reported in the table as “Currency Impact.” Constant currency sales growth is intended to exclude the impact of fluctuations in foreign currency exchange rates.

LIFETIME BRANDS, INC.

Supplemental Information

Reconciliation of GAAP to Non-GAAP Updated Guidance

Adjusted EBITDA guidance for the full year ending December 31, 2026 (in millions):

Net loss guidance

$(6.5) to $(5)

Income tax expense

0.5 to 1.5

Interest expense(1)

Depreciation and amortization

Stock compensation expense

Acquisition-related diligence expenses

1.5

Restructuring expenses

Warehouse relocation and redesign expenses

Adjusted EBITDA guidance, before limitation

$53.5 to $56

Adjusted net income and adjusted diluted income per common share guidance for the full year ending December 31, 2026 (in millions - except per share data):

Net loss guidance

$(6.5) to $(5)

Acquisition-related intangible amortization expense

Acquisition-related diligence expenses

1.5

Restructuring expenses

Warehouse relocation and redesign expenses

Mark to market gain on interest rate derivatives

(0.5)

Income tax effect on adjustment

(9.5)

Adjusted net income guidance

$16 to $17.5

Adjusted diluted income per share guidance

$0.73 to $0.80

Adjusted income from operations guidance for the full year ending December 31, 2026 (in millions):

Income from operations guidance

$12 to $14.5

Acquisition-related intangible amortization expense

Acquisition-related diligence expenses

1.5

Restructuring expenses

Warehouse relocation and redesign expenses

Adjusted income from operations

$44.5 to $47

(1) Includes estimate for interest expense and mark to market gain on interest rate derivatives.

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v3.26.1

Cover

May 07, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

May 07, 2026

Entity Registrant Name

Lifetime Brands, Inc.

Entity Incorporation, State or Country Code

Entity File Number

0-19254

Entity Tax Identification Number

11-2682486

Entity Address, Address Line One

1000 Stewart Avenue

Entity Address, City or Town

Garden City

Entity Address, State or Province

Entity Address, Postal Zip Code

11530

City Area Code

516

Local Phone Number

683-6000

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $0.01 par value

Trading Symbol

LCUT

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0000874396

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

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No definition available.

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- Definition

Area code of city

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No definition available.

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Name:

dei_CityAreaCode

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

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- Definition

Cover page.

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No definition available.

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- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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No definition available.

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Period Type:

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- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

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Namespace Prefix:

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Data Type:

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

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- Definition

Name of the City or Town

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No definition available.

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Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

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- Definition

Code for the postal or zip code

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No definition available.

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Data Type:

xbrli:normalizedStringItemType

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- Definition

Name of the state or province.

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No definition available.

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Name:

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Namespace Prefix:

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Data Type:

dei:stateOrProvinceItemType

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duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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dei_EntityCentralIndexKey

Namespace Prefix:

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Data Type:

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Period Type:

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- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

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Data Type:

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

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Namespace Prefix:

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Data Type:

dei:fileNumberItemType

Balance Type:

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duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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Data Type:

dei:edgarStateCountryItemType

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duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Namespace Prefix:

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Balance Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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Namespace Prefix:

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Balance Type:

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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Name:

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Data Type:

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- Definition

Name of the Exchange on which a security is registered.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Data Type:

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Balance Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Namespace Prefix:

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Data Type:

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Balance Type:

Period Type:

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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