Answer
The news item tells us that Lifetime Brands, Inc. reported $131.9 million in sales for the second quarter of 2025. However, a year‑over‑year (YoY) growth rate requires two data points:
- Current‑period sales (which we have: $131.9 million).
- Prior‑period sales for the same quarter in the previous year (i.e., Q2 2024 sales).
Since the press release excerpt you provided does not include the Q2 2024 sales figure, the YoY growth rate cannot be calculated from the information available.
How YoY growth is normally calculated
If the prior‑year sales number were known, the YoY growth rate would be computed as:
[
\text{YoY Growth (\%)} = \left( \frac{\text{Current Sales} - \text{Prior‑Year Sales}}{\text{Prior‑Year Sales}} \right) \times 100
]
Example (hypothetical numbers):
- Current Q2 2025 sales = $131.9 million
- Prior Q2 2024 sales = $120.0 million
[
\text{YoY Growth} = \left( \frac{131.9 - 120.0}{120.0} \right) \times 100 = 9.92\%
]
What to do next
To obtain the YoY growth rate:
Locate the Q2 2024 sales figure for Lifetime Brands, Inc.
- This might be in the company’s prior quarterly earnings release, the 10‑Q filing for the quarter ending June 2024, or a historical data service (e.g., Bloomberg, FactSet, SEC EDGAR).
Apply the formula above using the two sales numbers.
If you can provide the Q2 2024 sales amount, I can instantly calculate the YoY growth rate for you. Otherwise, with only the $131.9 million figure, the growth rate remains indeterminable.