Ceramic Industry News / Whitewares

Lifetime Brands’ 2011 Sales Fall

March 20, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Lifetime Brands Inc. recently reported its financial results for the fourth quarter and year ended December 31, 2011. For the year ended December 31, 2011, consolidated net sales were $444.4 million, an increase of 0.3%, compared to consolidated net sales of $443.2 million for 2010. Net income was $14.1 million in 2011, compared to $20.3 million in 2010.

For the fourth quarter of 2011, consolidated net sales were $137.6 million, a decrease of 3.5%, compared to consolidated net sales of $142.6 million in the fourth quarter of 2010. Net income was $5.4 million, vs. $13.9 million in the prior-year period.

“Despite the company’s financial results trailing those of the prior year, I am proud of Lifetime’s achievements in 2011,” said Jeffrey Siegel,chairman, president and CEO. “Our U.S. wholesale Kitchenware and Tabletop businesses, which together account for approximately 80% of the company’s consolidated net sales, achieved solid, profitable growth. Net wholesale sales of Kitchenware products increased by $7.2 million to $215.7 million, a gain of 3.5%, over the prior year, and net wholesale sales of Tabletop products inclusive of Creative Tops sales grew $17.9 million to $141.3 million, an increase of 14.5%. As overall consumer demand in these categories in the U.S. remained flat throughout the year, these increases came primarily from new product introductions and market share gains.”

For more information, visit www.lifetimebrands.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px