/
The Company is a Delaware corporation, incorporated on December 22, 1983. The Company designs, sources and sells branded kitchenware, tableware and other home solution products used in the home and markets its products under a number of widely-recognized brand names and trademarks, which are either owned or licensed by the Company or through retailers private labels and their licensed brands.
The business is unprofitable at the operating level (-1.46% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 5.1% YoY. Margins deteriorated 5.4pp alongside, both lines moving the wrong way.
Free cash flow declined 80% versus the prior year, cash generation momentum has weakened. ROIC dropped from 5.20% to -1.75%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$651M
▼ -5.1% YoY
Net Income (TTM)
-$28M
▼ -77.6% YoY
Op. Margin
-1.96%
▼ -5.4pp YoY
ROIC
-3.46%
▼ -7.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$18M
▼ -80.1% YoY
Op. Cash Flow (TTM)
$25M
▼ -59.0% YoY
Net Debt
$46M
Cash & Equiv.
$14M
5Y CAGR: -3.4%
5Y CAGR: -40.3%
Continue Research