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Elizabeth Arden Inc Issues Q2 2014 Guidance Below Analysts' Estimates; Sees FY 2014 Guidance At Midpoint To Lower End Of Prior Range


Wednesday, 30 Oct 2013 04:02pm EDT 

Elizabeth Arden Inc announced that for the second quarter of 2014, it expects net sales to range between $450 million to $475 million and for earnings per diluted share to be in the range of $1.30 to $1.60. For fiscal 2014, it expects to achieve the midpoint to lower end of its net sales and earnings guidance that called for a net sales increase of 3.0% to 5.0% over fiscal 2013, and earnings per diluted share of $2.15 to $2.30. The Company reported revenue of $1.345 billion for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.389 billion and EPS of $2.18 for fiscal 2014; and revenue of $481 million and EPS of $1.66 for the second quarter of 2014.