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Reuters
Published
Jan 9, 2011
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Elizabeth Arden raises Q2 earnings forecast

By
Reuters
Published
Jan 9, 2011

Elizabeth Arden Inc raised its second quarter earnings forecast on Thursday.

The beauty products company said its earnings per share will now exceed its Nov. 4 forecast of 90 cents to $1.00 per share for the quarter ended Dec. 31.

Elizabeth Arden
Elizabeth Arden's new Prevage line with sun protection


Elizabeth Arden also said its net sales will now be at or above the high end of its prior forecast of $393 million to $403 million.

Analysts on average expect revenue of $403 million for the quarter, according to Thomson Reuters I/B/E/S.

The company also said it plans to offer $225 million of senior notes due 2021. It said the net proceeds will be used to repurchase its senior subordinated notes due in 2014.

(Reported by Liana B. Baker; Editing by Bernard Orr)

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