Lifetime Brands Reports Q3 2026 Results, Raises Sales Outlook
Third-quarter net sales rose 3.4% to $177.7 million, while adjusted operating income increased to $13.8 million from $11.5 million. The company authorized a new $20 million share repurchase and raised fiscal 2026 sales guidance while lowering its operating income and EPS outlook.
Lifetime Brands, Inc. reported consolidated net sales of $177.7 million for the third quarter of 2026, a 3.4% increase compared to the same period in 2025. The company achieved an adjusted income from operations of $13.8 million, up from $11.5 million in the prior year, though it reported zero income from operations due to a $3.3 million SKU rationalization charge. Management noted that international sales grew by 18.8% as the company's 'Project Concord' initiative took hold.
Additionally, the company announced a new $20 million share repurchase authorization to return capital to shareholders. While the company raised its sales guidance for fiscal year 2026, it simultaneously reduced its outlook for operating income and earnings per share.