Lifetime Brands Reports Third Quarter Earnings of $0.52

Lifetime Brands, Inc. LCUT, North America's leading resource for nationally branded kitchenware, tabletop and home décor products, today reported its financial results for the three and nine month periods ended September 30, 2010. For the three months ended September 30, 2010, consolidated net sales were $124.9 million, an increase of 12% compared to consolidated net sales of $111.4 million in the corresponding period in 2009. Consolidated net income grew by 35% to $6.6 million and diluted income per common share increased by 30% to $0.52, as compared to $4.9 million and $0.40, respectively, in 2009. Basic income per common share was $0.55, as compared to $0.41 in 2009, an increase of 34%.