Lifetime Brands of Garden City reports 2Q sales up, profit loss narrowed

Lifetime Brands Inc., Garden City, kitchen and dining wares, home decor

Second quarter: Ended June 30

Net income: Loss of $981,000, compared with loss of $1.25 million in the same period last year

Net sales: $86.9 million compared with $85.3 million in the year-ago quarter

Outlook: Chief executive Jeffrey Siegel said, "Lifetime's business during the quarter continued to improve, reflecting cautious optimism by retailers and stronger confidence among consumers. Based on our current order flow, we expect these trends to continue during the second half of the year."