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Elizabeth Arden Inc Lowers FY 2013 Guidance; Issues Q3 2012 Guidance Below Analysts' Estimates

Thursday, 31 Jan 2013 07:00am EST 

Elizabeth Arden Inc announced that based on the retail trends year-to-date and the seasonally slower fragrance market in the second fiscal half, the Company is reducing its revenue and earnings guidance. For fiscal 2013, the Company currently expects net sales to increase by 9% to 11%, assuming an expected unfavorable impact from foreign currency of approximately 0.5%, as compared to the prior year period, and for earnings per diluted share (adjusted) to be in the range of $2.30 to $2.50. For the third quarter of fiscal 2013, the Company is introducing guidance for net sales of $255 million to $270 million, and for net income per diluted share (EPS) of $0.00 to $0.04. The net sales guidance for the third quarter of 2013 assumes an unfavorable impact from foreign currency rates of approximately 0.2%, as compared to rates in effect for the prior year period. The Company reported revenue of $1.238 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.418 billion and EPS of $2.66 for fiscal 2013; and revenue of $275 million and EPS of $0.18 for the third quarter of 2013. 

Company Quote

-0.24 -1.15%
24 Dec 2014