2023-05-10 07:23:32 ET
- Lifetime Brands press release ( NASDAQ: LCUT ): Q1 Non-GAAP EPS of -$0.12 beats by $0.08 .
- Revenue of $145.4M (-20.4% Y/Y) misses by $14.24M .
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Gross margin for the three months ended March 31, 2023 was $53.8 million, or 37.0%, as compared to $63.1 million, or 34.5%, for the corresponding period in 2022.
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Loss from operations was $(1.8) million, as compared to income from operations of $4.4 million for the corresponding period in 2022.
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Adjusted income from operations was $3.4 million, as compared to $10.2 million for the corresponding period in 2022.
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For the full year ending December 31, 2023, the Company is providing the following financial guidance:
Net sales is expected between $660 to $720M
Adjusted Net Income is expected between of $12.5m to $15M
Adjusted diluted Income per share $0.58 to $0.69
Diluted (loss) Income per share is expected between $(0.12) to $0.00
For further details see:
Lifetime Brands Non-GAAP EPS of -$0.12 beats by $0.08, revenue of $145.4M misses by $14.24M