Christina Zhu's questions to LIFETIME BRANDS (LCUT) leadership • Q4 2024
Question
Asked follow-up questions on tariff risks in Cambodia and Mexico, sought clarification on the Dolly Parton sales figures for 2024, and inquired about the company's pricing power amidst new tariffs and weaker consumer sentiment.
Answer
The tariff situation is fluid, but they are diversifying production globally. Their Mexican facility remains advantageous even with potential new tariffs. The Dolly Parton 2024 sales figure was lower than initially expected due to a $4M shipment delay by the partner into Q1 2025, not due to underperformance. The company believes the magnitude of tariffs necessitates price increases across the industry, which they will implement over the next few months.