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Elizabeth Arden Records 6% Sales Increase, Raises 2012 Guidance
Posted: February 2, 2012
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Elizabeth Arden also confirmed its fiscal 2012 guidance for net sales growth of 5% to 6% over the prior fiscal year and net income per diluted share of $1.90–2.00 and is raising its guidance for gross margin and now expects an increase of 200–250 basis points over fiscal 2011.
For the third quarter of fiscal 2012, the company is introducing guidance for net sales of $238–243 million, and for net income per diluted share of $0.00 to $0.04. This guidance incorporates a number of activities associated with the company's global Elizabeth Arden brand repositioning during the second half of its fiscal year and their anticipated negative impact on both net sales and profitability, including the transition of retail customers to the new Elizabeth Arden product assortment, new product packaging and formulations, and creative development costs.