Lifetime Brands, Inc. (NASDAQ:LCUT) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET

Company Participants

Carly King - Investor Relations
Rob Kay - Chief Executive Officer
Larry Winoker - Chief Financial Officer

Conference Call Participants

Anthony Lebiedzinski - Sidoti
Linda Bolton Weiser - D.A. Davidson
Brian McNamara - Canaccord Genuity

Operator

Good morning, ladies and gentlemen, and welcome to Lifetime Brands Second Quarter 2024 Earnings Conference Call. At this time, I would like to inform all participants that their lines will be in listen-only mode. After the speaker's remarks, there will be a question-and-answer portion of the call. [Operator Instructions]

I would now like to introduce your host for today's conference Carly King, Ms. King, you may begin.

Carly King

Thank you. Good morning, and thank you for joining Lifetime Brands' Second Quarter 2024 Earnings Call. With us today from management are Rob Kay, Chief Executive Officer; and Larry Winoker, Chief Financial Officer.

Before we begin the call, I'd like to remind you that our remarks this morning may contain forward-looking statements that relate to the future performance of the company and these statements are intended to qualify for the safe harbor protection from liability established by the Private Securities Litigation Reform Act.

Any such statements are not guarantees of future performance and factors that could influence our results are highlighted in today's press release and other factors are contained in our filings with the Securities and Exchange Commission. Such statements are based upon information available to the company as of the date hereof and are subject to change for future development. Except as required by law, the company does not undertake any obligation to update such statements.

Our remarks this morning and in today's press release also contain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included in such release is a reconciliation of these non-GAAP financial measures with the comparable financial measures calculated in accordance with GAAP.

With that introduction I'd like to turn the call over to Rob Kay. Please go ahead, Rob.

Rob Kay

Thank you. Good morning, everyone and thank you for joining us today. Our second quarter results were in line with our expectations, even though macroeconomic pressures led to weakened demand across end markets. Despite these headwinds, we are pleased to report that we continue to execute on our plan for the full year and are making progress towards completing several strategic initiatives which will bolster our full year performance. This includes increasing market share in the majority of our categories, delivering year-over-year e-commerce growth in our core US market and expanding gross margins.