You may not be familiar with the company Lifetime Brands (LCUT), but you definitely know their products. And their products may be in for a major tailwind if interest rates ease in 2024, which appears inevitable at this point.
Lifetime Brands owns such iconic brands as Farberware, Pfaltzgraff, Kitchenaid and Instapot…I used mine this weekend in a snowstorm. The company outright owns 80% of its brands, and licenses the rights to another 20% of its products for private label. Lifetime ranks number 1 in the kitchen tools and gadgets segment as well as number 1 in the cutlery segment for U.S. households.
