Home / Knowledge / News / Textiles / Lifetime Brands to benefit from major new lines in 2008
Lifetime Brands to benefit from major new lines in 2008
05
Feb '08
Lifetime Brands Inc announced financial guidance for 2008 and provided an update on its revenues for 2007.

For 2008, the Company expects net sales to be in the range of $510 to $525 million and diluted earnings per share to be in the range of $0.86 to $1.06, including a charge of $0.19 per diluted share due to the restructuring of its Direct to Consumer business.

Jeffrey Siegel, Lifetime's Chairman, President and Chief Executive Officer commented, "Despite challenging retail environment, we continue to make progress in our long-term strategic objectives.

We expect continued strong product placement in 2008, and are particularly excited by a number of new initiatives, including the launch of our new Vasconia line of housewares products designed to appeal to the Latina consumer.

Our results for 2008 will also benefit from full-year sales from the major new lines we launched in late 2007, such as the Martha Stewart Collection at Macy's and Food Network branded kitchen tools, gadgets and cutlery at Kohl's.”

Lifetime is currently finalizing its results for the fourth quarter and full year 2007; however, the Company now expects 2007 net sales to be in the range of $490 to $495 million. The Company had previously forecasted 2007 net sales to be in the range of $500 to $515 million.

The Company expects to release its fourth quarter and year-end 2007 results in early March. Conference call details will be published in advance of the call.

Separately, the Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.0625 per share, payable on February 15, 2008 to shareholders of record on February 8, 2008.

Lifetime Brands Inc


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search