×
52
Fashion Jobs
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
SHISEIDO
Nars Counter Manager - bt2 Blanchardstown (37.5 Hours)
Permanent · Dublin
RITUALS
Sales Advisor - Liffey Valley (24 Hours)
Permanent · Lucan
RITUALS
Assistant Counter Manager - Arnotts Dublin
Permanent · Dublin 1
TAPESTRY
Sales Associate Iii - ce ir Kildare (11-19 Hours)
Permanent · Kildare
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (37.5 Hours)
Permanent · Dublin
SHISEIDO
Nars Assistant Manager - Brown Thomas Cork (37.5 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Galway (3 Month Ftc, 22.5 Hours)
Fixed-term · Galway
SHISEIDO
Nars Makeup Artist - Brown Thomas Cork (30 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
LULULEMON
Store Manager | Dublin Grafton Street
Permanent · Dublin
LULULEMON
Store Manager | Dublin Brown Thomas
Permanent · Dublin
LULULEMON
Key Leader | Brown Thomas Cork
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Limerick (15 Hours)
Permanent · Limerick
TK MAXX
10014-Associate
Permanent · Dublin
LEVI'S
p/t Sales Associate With Mid w Availability
Permanent · Dublin
LEVI'S
Keyholder 20+ pw
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Galway
TK MAXX
10014-Associate
Permanent · Mullingar
LULULEMON
Educator Part Time | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Full Time | Brown Thomas Cork
Permanent · Cork
TK MAXX
10014-Associate
Permanent · Dublin
By
Reuters
Published
Feb 2, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Elizabeth Arden forecast disappoints; shares slump

By
Reuters
Published
Feb 2, 2012

Elizabeth Arden Inc (RDEN.O) forecast a weaker current quarter than analysts had anticipated as it feels pressure from volatile foreign exchange rates and spends on speeding up the rollout of its updated namesake brand.

Arden, which sells Prevage anti-aging creams and celebrity fragrances by stars including Britney Spears, stood by its fiscal year profit forecast, which has earnings likely falling short of analysts' expectations.

The cosmetics company also reported a bigger-than-expected rise in fiscal second-quarter profit, helped by rising sales in Europe and elsewhere.

KEY POINTS

Q2 2012 Estimate* Q2 2011

Net sales * $429.9 mln $428.9mln $405.6 mln

Net income $42.4 mln -- $33.95 mln

EPS $1.42 $1.39 $1.19

- Still sees fiscal 2012 EPS of $1.90-$2.00, net sales rising 5-6 percent. Analysts were looking for a profit of $1.99 per share.

- Expects Q3 earnings to be nil to 4 cents a share on sales of $238-$243 million. Analysts expected a profit of 6 cents per share on sales of $243.5 million.

- Said continued global economic uncertainty may hurt retailer and consumer confidence and demand, and this, along with foreign currency volatility, makes forecasting difficult.

MARKET REACTION

- Shares down 10.6 percent at $33.06 in late-morning trading after falling as low as $30.96.

BACKGROUND

- Elizabeth Arden's products are marketed to a variety of shoppers, from those buying fragrances at Wal-Mart Stores Inc (WMT.N) to others who want to buy pricier Prevage anti-aging creams at chains such as Macy's Inc (M.N).

Note: * Average analyst estimate according to Thomson Reuters I/B/E/S.

(Reporting by Nivedita Bhattacharjee and Jessica Wohl in Chicago and Phil Wahba in New York; Editing by Lisa Von Ahn and John Wallace)

© Thomson Reuters 2022 All rights reserved.