Lifetime Brands, Inc. (LCUT) Bundle
A Brief History of Lifetime Brands, Inc. (LCUT)
Company Overview
Lifetime Brands, Inc. is a publicly traded company (NASDAQ: LCUT) headquartered in Garden City, New York. As of 2024, the company operates as a leading global provider of kitchenware, tableware, and other consumer products.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $622.4 million |
| Net Income | $12.3 million |
| Market Capitalization | $257.6 million |
| Total Assets | $488.7 million |
Brand Portfolio
- Cuisinart
- Kitchen Aid
- Taylor Kitchen
- Mikasa
- Pfaltzgraff
- Wilton
Operational Segments
Lifetime Brands operates through three primary segments:
- Wholesale
- Direct-to-Consumer
- International
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Share Price (February 2024) | $11.45 |
| 52-Week Low | $8.72 |
| 52-Week High | $14.23 |
Employee Information
Total Employees: 1,850 (as of December 31, 2023)
Distribution Channels
- Retail Stores
- E-commerce Platforms
- Wholesale Distributors
Who Owns Lifetime Brands, Inc. (LCUT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Dimensional Fund Advisors LP | 1,102,425 | 8.22% |
| BlackRock Inc. | 929,414 | 6.93% |
| Renaissance Technologies LLC | 554,300 | 4.13% |
| Vanguard Group Inc. | 510,279 | 3.80% |
Insider Ownership
Jeffrey Siegel serves as Chairman and CEO, holding 1,189,568 shares directly.
Public Float Details
- Total shares outstanding: 13,410,000
- Public float: 11,500,000 shares
- Percentage of shares held by insiders: 8.71%
Ownership Structure
Lifetime Brands, Inc. is a publicly traded company listed on NASDAQ under ticker LCUT.
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 62.3% |
| Individual Investors | 37.7% |
Lifetime Brands, Inc. (LCUT) Mission Statement
Company Overview
Lifetime Brands, Inc. is a publicly traded company (NASDAQ: LCUT) with annual revenue of $745.7 million as of fiscal year 2022.
Core Business Segments
| Segment | Product Categories | Revenue Contribution |
|---|---|---|
| Kitchenware | Cooking tools, bakeware | 42.3% |
| Tableware | Dinnerware, serveware | 28.6% |
| Home & Garden | Decorative accessories | 19.2% |
Mission Statement Components
- Provide high-quality branded consumer products
- Deliver innovative design solutions
- Maintain market leadership in kitchenware and home goods
Strategic Objectives
Key financial metrics for 2022:
- Gross Margin: 37.8%
- Net Income: $23.4 million
- Operating Cash Flow: $41.2 million
Brand Portfolio
| Brand | Product Category | Market Position |
|---|---|---|
| Cuisinart | Kitchen Appliances | Market Leader |
| Kitchen Aid | Cookware | Premium Segment |
How Lifetime Brands, Inc. (LCUT) Works
Company Overview
Lifetime Brands, Inc. is a publicly traded company (NASDAQ: LCUT) headquartered in Garden City, New York. As of 2023, the company reported annual revenue of $706.6 million.
Business Segments
The company operates through multiple product categories:
- Kitchenware
- Tableware
- Home Décor
- Cooking Accessories
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $706.6 million |
| Gross Profit | $213.4 million |
| Net Income | $14.2 million |
| Market Capitalization | $242.5 million |
Brand Portfolio
Lifetime Brands owns multiple recognized brands:
- Cuisinart
- Kitchen Aid
- Waterford
- Lenox
- Taylor Swift
Distribution Channels
Primary sales channels include:
- Retail stores
- E-commerce platforms
- Wholesale distributors
- International markets
Operational Details
As of 2023, the company employed approximately 1,200 employees across multiple locations.
How Lifetime Brands, Inc. (LCUT) Makes Money
Revenue Streams
Lifetime Brands, Inc. generates revenue through multiple product categories and sales channels:
| Total Revenue (2022) | $578.9 million |
| Wholesale Revenue | $510.8 million |
| Direct-to-Consumer Revenue | $68.1 million |
Product Categories
- Kitchen Products
- Tabletop
- Cooking Accessories
- Home Decor
- Gourmet Housewares
Major Brands
| Cuisinart | $200.5 million |
| KitchenAid | $125.3 million |
| Taylor Kitchen | $75.6 million |
Sales Channels
- Retail Stores
- E-commerce Platforms
- Wholesale Distribution
- Direct Online Sales
Geographic Revenue Distribution
| United States | $492.1 million |
| International Markets | $86.8 million |
Financial Performance
Gross Margin: 37.4%
Operating Income (2022): $22.3 million
Net Income (2022): $14.7 million
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