Lifetime Brands (LCUT) Tops Q2 EPS by 4c

Lifetime Brands (NASDAQ: LCUT) reported Q2 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $120.9 million versus the consensus estimate of $118.78 million.

"Our retailer partners continue to foresee a strong Holiday selling season, which is reflected in strong bookings and placements for products to be delivered later this year. As a result, we continue to have a high level of confidence in our ability to achieve our consolidated full year 2015 financial goals. In constant currency, we expect to achieve near 6% net sales growth for the year, the high end of our guidance; however, we expect the strong U.S. dollar to continue to dampen foreign operating results during the second half of the year. Hence, on a reported basis, we currently forecast full year 2015 net sales to increase by 3% to 6%, reaffirming the guidance we provided on our first quarter conference call. Also, we continue to expect our operating margin to be in the range of 4.5 to 5.5%."

For earnings history and earnings-related data on Lifetime Brands (LCUT) click here.

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