Ceramic Industry News / Whitewares

Lifetime Brands’ Nine Month Net Sales Grow 8%

November 26, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Lifetime Brands Inc. recently reported its financial results for the quarter ended September 30, 2012. Net sales for the three and nine months ended September 30 were $128.1 million and $332 million, respectively. Net sales grew by 2.7% and 8.2% compared to the corresponding periods in 2011. Adjusted net income for the quarter was $5.1 million, compared to $6.6 million in 2011. Adjusted net income for the nine month period was $7.6 million, vs. $7.7 million in 2011.

“I am pleased to report that our core Kitchenware products category performed well during the quarter, as it has all year,” said Jeffrey Siegel, chairman, president, and CEO. “These gains were offset by declines in our Tabletop and Home Solutions product categories. Sales of tabletop products were negatively impacted by several factors, including a decision to restrict sales of Mikasa®-branded dinnerware to customers that maintain and primarily sell through brick-and-mortar facilities and the well-publicized problems at a major retailer that traditionally had been a significant customer of our tabletop products. As previously noted, we are transitioning some of our home décor business to higher quality branded products sold under our Mikasa and Pfaltzgraff® brands.”

For additional 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