FILING ANALYSIS · THURSDAY, NOVEMBER 5
LIFETIME BRANDS, INC LCUT — 8-K: Results of Operations and Financial Condition
neutral
The company reported a 3.4% increase in net sales and a 140 basis point expansion in gross margin, but also announced a net loss of $4.2 million, or $0.19 per diluted share. The board authorized a $20 million share repurchase program, which provides additional flexibility to return capital to shareholders.
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