The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Elizabeth Arden beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Elizabeth Arden booked revenue of $344.5 million. The nine analysts polled by S&P Capital IQ anticipated revenue of $336.2 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $303.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.44. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.42 per share. GAAP EPS of $0.07 for Q1 were 77% lower than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.2%, 420 basis points worse than the prior-year quarter. Operating margin was 2.6%, 310 basis points worse than the prior-year quarter. Net margin was 0.6%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $496.2 million. On the bottom line, the average EPS estimate is $1.65.
Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is $2.62.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 73 members out of 95 rating the stock outperform, and 22 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Elizabeth Arden a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Elizabeth Arden is outperform, with an average price target of $51.83.
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