Andrew. us morning XXXX results. joining Thanks second today to thank for quarter and Lifetime Brands' financial Good you discuss
continued performance priorities company rates we track returns. quarter our that increased to the achieve initiatives. remains long-term fell growth higher for company I repositioning pleased and expectations, strategic its QX This of to in although am on our of on focus growth And short
quarter have we of successfully market that launched several have headwinds successfully continue while in that in the a benefit share, and negative second we majority to reorganization had in have activities Looking XXXX. QX market and at results. executed our our these Notwithstanding, we we lines from factors business gained faced geopolitical impact the the on initiatives
comprehensive sales bakeware, lines new commercial launch lines. and of launch we our quarter effort tabletop into solution and initiatives and food kitchen include product the international launched a the that home the cutlery second the our the sector, of service across tools of The offering in several introduction
food half will and not expected international year. are the of and provide service the second initiatives positive help contribute other meaningfully results XXXX in this to initiatives results, the momentum to While
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significant a progress as strategic products and and approach We realignment going SKU also rationalization our we on portfolio more made categories forward. take to
cycles, As quarter, in we brick-and-mortar industry discussed retail. last structural retail e-commerce to driven changes down temporary continues face and by the both
tariff an softness as Our the results continued shipments for Europe impact temporary the latter as Brexit which continental has of and had markets including markets. the well were quarter in end and from for the by impacted uncertainty, conditions U.K. both geopolitical our on ongoing impact
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tariff these we saw tariffs the effect. benefits what is the to This program a financial lag from pattern into there mitigating immediate similar realizing While implementation upon went a the is impact financial is from when in last actions.
see margins we impact mitigating continue negative will on realized. until to are temporary fully result some our a actions As our
tariffs a as marginal result We prices have reduced also shipments reduction in of demand. higher have some as experienced
we implemented do large expectations. anticipate and the achieving end increased do has the of date we consistent anticipate on fully lag the magnitude Due to tariffs has to To announced not the of revenues until this -- significant been of strategies XXXX. implementing and experience recently we China, mitigation our not discussed continue the and all not with fully
in meaningful strategic transition like flow product important create driven we business also will company-wide and improved in two category steps contribute generation to more time. performance of portfolio address to model. near-term took over quarter the realign the These a part to and to enhanced efficiency actions and I'd as cash the our
We First, across to significant decision a product made completion the deemphasize do eliminate most product offerings to of of we the have that decision of legacy not or investments provide following the the our of company. returns categories in made rationalization, SKU number lines discontinue our business. adequate for the
non-recurring, products accounting our and essentially on to balance $X.X of values incurring up free down result decision, we're non-cash As million more the charge stranded assets write sheet. of this cash monetizing a these a of by
monetizing us we'll will the business growth categories the long-term. able areas short-term, reinvest in our assets in greater in will position for By of drive be to on the focus these that and profitability that product
the certain in million as monetize our accelerating term. investing and to in review, non-core toward rationalization additional capital, expected intend that $XX $XX between non-core portfolio are Second, and to assets the deleveraging million of SKU which redeploy we identified part will we divestiture near generate growth. and in Together, have our company
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our hard will of take half into portfolio We look at second continue move we the into as a and XXXX to XXXX.
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quarter. uncertainty and are in revenues consumer portfolio planned ongoing that Brexit. export meet Revenues EU and the receive expectations shipments UK from UK the the were decreased. reluctant To by not end, spending impacted for did change our regarding a customers to has
we improve realize as benefits margin to operations the to the Brands as in have of described. contribution Europe restructuring previously from begun those Nevertheless, Lifetime continues
our have in despite results and our tariffs of beyond, expected confidence strategy we uncertainty and As deliver the continuation beyond, continue XXXX to we in ahead and ability in Brexit look term. the QX to to strong near and
we was mix focus by to included saw improvement of UK-based Europe. as the add in reorganization the and non-productive we has from The business on realignment consumer driven offerings Europe reorganization product and portfolio our we products value Lifetime low-margin shift Brands the This brands retailer. where can and away
quarter and we occupied the fully it England, will headquarters Birmingham anticipate in in we Further, operational be new our QX. European in
for on benefits anticipated squarely with remain track and the Our original reorganized is running operations the consistent planned estimates. region
to we two eight operation allows all in units considerably into and one separate a the us offers service business advantage. one standalone to invoice and As reminder, combine be will levels more scale operation receive efficient allowing warehouses customers single The Birmingham products from order and from and best-in-class one single competitive business shipway. for
of the In addition, investments in the business consolidation offset we've will help our made. UK units
FX While of to expect headwinds in and the related continue a UK, Brexit we Europe, and result surrounding the particularly uncertainty challenges. in as
profitability with on plan, and turnaround the We remains efforts will enhanced our reorganization are in which cash result our results flow. and of pleased
XXXX, made decision profitable quarter on growth results call, Moving which restructure in led first this we channel. our to to and as strong e-commerce, our has the in I quarter activities the e-commerce mentioned to of fourth
increased XX%. the pleased Day on our we year compared spice category quarter, revenues; as which bakeware, second Prime were the rack, increased XX%; Kitchenware, with XX% Amazon's During robust yielded increased performance increased and with product Farberware sales Day, which such which which XXX%; company's Prime cutlery, which prior in
proud channel. important with Lifetime now E-commerce confident and executing growth XX% We area for nearly that pure Brands, its as e-commerce we represent nearly are transformation an for remain e-commerce year-to-date XX% of strategy revenues total the operations play in potential represents growing we to XXXX. continue this compared revenues
in food May, we dinnerware, excited a Brands' the accessories. service by the In expansion Similarly, our that drinkware Mikasa umbrella under industry. standalone flatware, table covers Hospitality, and Lifetime commercial serving recent launched unit we are
with starting later warehouses starting than QX, to selling in into We these are no to bring fiscal expect and our products XXXX. shipments begin
line and where in While growth leader. we from recognizing not this in categories this already attractive anticipate Lifetime a Brands global is industry and opportunity the expanded is near-term a do an product revenue business logical
position to continue to growing this steps will We our space strengthen in going take forward.
XXXX, We in continue in to preparation, launches tabletop, for barware, most have home and additional our notably product positive expectations food solutions.
We market product QX provide will begin in and categories. across these our products we shipping of to many share them expect gains meaningful
$XX in as $XXX $X.XX EPS between of adjusted million, EBITDA for to XXXX, and more million. we outlook million and net achieve Turning $XX provided in our between press consolidated diluted between adjusted expect $XXX detail to and release, and million $X.XX, sales our
timing China which the previous with guidance announced EBITDA While of downward of impact a this view XXXX business are consistent Brexit. and created the our for European of level implemented and revenues represents tariffs our related on to we on revising the uncertainty reflects
a adjusted to midpoint and represents revenues. growth of revenue XXXX guidance revision still of pro compared compared X% the X.X% While approximately EBITDA forma growth XXXX of our downward to
to model strategic us taken and the to we generation, raising action Brands to XXXX in equity, we is a have in transition profitability, strategic investment second committed focused we that remain priorities sales the to As half its these takes quarter Lifetime brand increasing opportunities. implement on driving of approach capture to category. product more and optimizing our to position continuing position competitive and executing market and our this
the half and meaningful drive about profitability shareholders. with for for improved that Looking and the second we're continue early our strong of confidence will look excited to our expectations. on ahead, our path year bookings value We're creation the prospects line in performance and
over go it to the over financial turn now I'll Larry results. to
