Elizabeth Arden (RDEN) Guides Q2 Lower

January 16, 2009 7:34 AM EST Send to a Friend
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Elizabeth Arden, Inc. (Nasdaq: RDEN) sees Q2 net sales in the range of $365 million to $370 million. The Wall Street consensus is $424.5 million.

Elizabeth Arden sees Q2 EPS of $0.57 to $0.61 per diluted share, or $0.72 to $0.76 per diluted share, excluding the estimated unfavorable impact of foreign currency of approximately $0.15 per diluted share. This compares to prior guidance of $1.00 to $1.10 per diluted share, excluding an unfavorable impact of foreign currency of $0.11 per diluted share. The Wall Street consensus was $0.94.

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