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Provider: Thomson Reuters Stock Report
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Provider: S&P Capital IQ Quantitative Report
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Lifetime Brands Inc Raises FY 2013 Revenue Guidance; Declares Dividend And Announces Stock Repurchase Program


Thursday, 8 Aug 2013 07:00am EDT 

Lifetime Brands Inc announced that for fiscal 2013, it now expect net sales to increase by 5% to 7%. The Company reported revenue of $487 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $504 million for fiscal 2013. The Company also announced that the Board of Directors declared a quarterly dividend of $0.03125 per share payable on November 15, 2013 to shareholders of record on November 1, 2013. In addtion Lifetime Brands Inc's Board of Directors authorized the repurchase of up to $10.0 million of the Company's common stock. The repurchase authorization permits the Company to effect the repurchases from time to time through open market purchases and privately negotiated transactions. During the three months ended June 30, 2013, the Company repurchased 245,575 shares at a total cost of $3.2 million. 

Company Quote

16.01
0.2 +1.26%
19 Dec 2014