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Article: Lifetime Hoan Reports 53% Increase in First-Quarter Net Sales; Raises 2004 Guidance.
- Article from:
- Business Wire
- Article date:
- April 29, 2004
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Business Editors
WESTBURY, N.Y.--(BUSINESS WIRE)--April 29, 2004
LIFETIME HOAN CORPORATION (NASDAQ NM: LCUT), a leading designer, marketer and distributor of housewares, today announced results for the first quarter ended March 31, 2004.
For the first quarter of 2004, net sales increased 53% to $37.1 million from $24.3 million in the same period of the prior year. The Company reported net income of $345,000, or $0.03 per diluted share, compared to a net loss of $602,000, or $0.06 per diluted share, for the same period in 2003.
Jeffrey Siegel, president and chief executive officer, commented, "The first quarter of 2004 was another ...