Elizabeth Arden Earnings: Here’s Why Investors are Happy Now

Elizabeth Arden, Inc. (NASDAQ:RDEN) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.22%.

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Elizabeth Arden, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 71.43% to $0.02 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Rose 10.53% to $264.48 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Elizabeth Arden, Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.02. It beat the average revenue estimate of $261.31 million.

Quoting Management: E. Scott Beattie, Chairman, President and Chief Executive Officer of Elizabeth Arden, Inc., commented, “We continue to execute against our key growth initiatives. Sales of fragrances expanded strongly in all of our key fragrance markets this quarter. During the quarter, we opened our affiliate in Brazil and began commercial sales in that market in February. We also continue to be very excited with the traction we are seeing with the Elizabeth Arden brand repositioning and the momentum of retail sales increases in our Elizabeth Arden flagship doors. As we mentioned, the flagship model was established as a way for us to test, learn, and gather feedback on the repositioning of the Elizabeth Arden brand, as well as to build confidence in the growth potential of the brand with our key retail partners. Our focus is on extending key elements of the flagship model to drive the Elizabeth Arden brand on a global basis.”

Key Stats (on next page)…

Revenue decreased 43.48% from $467.92 million in the previous quarter. EPS decreased 98.73% from $1.58 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.4 to a profit $0.37. For the current year, the average estimate has moved down from a profit of $2.63 to a profit of $2.41 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)