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Lifetime Brands Q2 sales up to $84.1mn

04
Aug '06
Net sales for the six months ended June 30, 2006 totaled $158.5 million compared to $89.3 million for the same period in 2005, representing a 77.5 percent increase.

Excluding approximately $53.0 million in net sales attributable to the Syratech, Pfaltzgraff and Salton businesses and the net sales for the 2005 period of the closed Farberware Outlet stores, net sales for the six months rose 19.9 percent to $105.5 million.

The net loss for the 2006 period was $0.6 million, or $0.05 per diluted share, compared to net income of $2.3 million, or $0.21 per diluted share, for the first half of 2005.

Lifetime has scheduled a conference call Thursday, August 3, at 11:00 a.m. Eastern time to discuss second-quarter 2006 results and additional matters. The dial-in number for the call is (706) 634-1218.

Lifetime is a leading designer, developer and marketer of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop, home decor, picture frames and bath accessories, marketing its products under various trade names.

Lifetime Brands Inc


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