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LCUT (Lifetime Brands) Gross Margin % : 36.67% (As of Sep. 2024)


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What is Lifetime Brands Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Lifetime Brands's Gross Profit for the three months ended in Sep. 2024 was $67.4 Mil. Lifetime Brands's Revenue for the three months ended in Sep. 2024 was $183.8 Mil. Therefore, Lifetime Brands's Gross Margin % for the quarter that ended in Sep. 2024 was 36.67%.


The historical rank and industry rank for Lifetime Brands's Gross Margin % or its related term are showing as below:

LCUT' s Gross Margin % Range Over the Past 10 Years
Min: 34.72   Med: 36.32   Max: 37.77
Current: 37.77


During the past 13 years, the highest Gross Margin % of Lifetime Brands was 37.77%. The lowest was 34.72%. And the median was 36.32%.

LCUT's Gross Margin % is ranked better than
71.15% of 416 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.695 vs LCUT: 37.77

Lifetime Brands had a gross margin of 36.67% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Lifetime Brands was 0.50% per year.


Lifetime Brands Gross Margin % Historical Data

The historical data trend for Lifetime Brands's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lifetime Brands Gross Margin % Chart

Lifetime Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.72 35.62 35.15 35.77 37.08

Lifetime Brands Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.02 36.36 40.46 38.51 36.67

Competitive Comparison of Lifetime Brands's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Lifetime Brands's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lifetime Brands's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Lifetime Brands's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Lifetime Brands's Gross Margin % falls into.



Lifetime Brands Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Lifetime Brands's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=254.6 / 686.683
=(Revenue - Cost of Goods Sold) / Revenue
=(686.683 - 432.044) / 686.683
=37.08 %

Lifetime Brands's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=67.4 / 183.837
=(Revenue - Cost of Goods Sold) / Revenue
=(183.837 - 116.42) / 183.837
=36.67 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Lifetime Brands  (NAS:LCUT) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Lifetime Brands had a gross margin of 36.67% for the quarter that ended in Sep. 2024 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Lifetime Brands Gross Margin % Related Terms

Thank you for viewing the detailed overview of Lifetime Brands's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Lifetime Brands Business Description

Traded in Other Exchanges
Address
1000 Stewart Avenue, Garden City, NY, USA, 11530
Lifetime Brands Inc is a U.S. based company that designs, sources, and sells branded kitchenware, tableware, and other products used in the home and markets its products under brands such as Farberware, KitchenAid, Mikasa, and others. The company markets and sells its products principally on a wholesale basis to retailers. It also markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred, and Friends, Built NY, and others. Its products include kitchen tools, gadgets, cutlery, dinnerware, and glassware. The segments of the company are the U.S. and International. It derives a majority of its revenue from the U.S. segment. The company derives maximum revenue from Kitchenware products.
Executives
Daniel Siegel officer: Executive Vice-President C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
Veronique Gabai-pinsky director C-O VERA WANG GROUP, 15 EAST 26TH STREET, NEW YORK NY 10010
Robert Bruce Kay director, officer: Chief Executive Officer 1000 STEWART AVENUE, GARDEN CITY NY 11530
Craig Phillips director, officer: Executive Vice President LIFETIME BRANDS INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
Laurence Winoker officer: SVP Finance/CFO/Treasurer
Rachael Jarosh director 1000 STEWART AVENUE, GARDEN CITY NY 11530
Michael J Jeary director 8 BELKNAP LANE, RUMSON NJ 07760
Dennis E Reaves director C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
Bruce G Pollack director 30 ROCKEFEELER PLAZA, SUITE 5050, NEW YORK NY 10020
Michael J Regan director 14 BRENNER PLACE, DEMAREST NJ 07627
Michael Schnabel director 1000 STEWART AVENUE, GARDEN CITY NY 11530
Centre Partners V, L.p. 10 percent owner 825 THIRD AVENUE, 40TH FLOOR, NEW YORK NY 10022
Centre Capital Investors V Lp 10 percent owner 825 THIRD AVENUE, 40TH FLOOR, New York NY 10022
Ronald Shittan director C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530
William U Westerfield director C/O LIFETIME BRANDS, INC., 1000 STEWART AVENUE, GARDEN CITY NY 11530