Lifetime Brands (NASDAQ:LCUT), a global provider of kitchenware and tableware, concluded a challenging fiscal year on a high note, returning to profitability in the fourth quarter despite a broader contraction in consumer spending on home goods.
The Garden City, New York-based company, which owns brands including KitchenAid and Farberware, reported fourth-quarter net sales of $204.1 million, a 5.2% decrease compared to the same period last year.
However, the company’s focus on high-margin products paid off, with fourth-quarter gross margins reaching 38.6%.
This operational efficiency helped drive quarterly net income to $18.2 million, or $0.83 per diluted share, up significantly from the net loss recorded in the earlier parts of the year.
For the full year 2025, consolidated net sales were $647.9 million, down 5.1% year-over-year.
The annual figures were weighed down by a GAAP net loss of $26.9 million, though the company maintained a healthy cash flow profile with adjusted EBITDA of $50.8 million.
Management attributed the annual sales decline to a cautious retail environment and a strategic shift away from lower-margin promotional categories.