Lifetime Brands (NASDAQ:LCUT) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$191.7m (up 2.7% from 3Q 2022).
• Net income: US$4.21m (up from US$6.36m loss in 3Q 2022).
• Profit margin: 2.2% (up from net loss in 3Q 2022).
• EPS: US$0.20 (up from US$0.29 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lifetime Brands EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.1%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are up 10% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Lifetime Brands (at least 1 which is significant), and understanding these should be part of your investment process.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.