The 10-second takeaway
For the quarter ended March 31 (Q3), Elizabeth Arden beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Elizabeth Arden reported revenue of $264.5 million. The 10 analysts polled by S&P Capital IQ expected a top line of $261.2 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $239.3 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 $0.02. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. Non-GAAP EPS of $0.02 for Q3 were 71% lower than the prior-year quarter's $0.07 per share. GAAP EPS were -$0.04 for Q3 against $0.07 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 48.3%, 210 basis points worse than the prior-year quarter. Operating margin was 1.6%, 150 basis points worse than the prior-year quarter. Net margin was -0.5%, 140 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $292.1 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $1.37 billion. The average EPS estimate is $2.40.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 69 members out of 92 rating the stock outperform, and 23 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Elizabeth Arden a green thumbs-up, and six 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 $45.13.
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