Thursday, beauty products company Elizabeth Arden, Inc. (RDEN) reported a narrower loss for the fourth quarter, benefited by lower expenses, despite a 10% decline in sales. Looking ahead, the company also provided guidance for the first quarter and full year 2010.
The Miramar, Florida-based company posted a second quarter net loss of $3.6 million or $0.13 per share, compared to a net loss of $10.4 million or $0.38 per share last year.
Adjusted net loss was $1.8 million or $0.07 per share, compared to net income of $6.3 million or $0.22 per share a year ago. On average, six analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share for the quarter.
Net sales decreased 10% to $212.6 million from $236.3 million a year ago. Analysts expected revenues of $213.36 million for the quarter.
Excluding the unfavorable impact of foreign currency translation, net sales decreased by 5.8%.
Segment wise, net sales of North America Fragrance declined to $116.4 million from $136.1 million, while International segment's net sales decreased to $85.2 million from $91.9 million last year.
Selling, General and Administrative Expenses for the quarter declined to $85.0 million from $97.5 million in the previous year.
For the full year, the company reported a net loss of $6.2 million or $0.22 per share, compared to net income of $19.9 million or $0.68 per share in the prior year. Adjusted net income for the year was $13.4 million or $0.47 per share, compared to $38.1 million or $1.31 per share in the last fiscal.
Net sales for the year decreased to $1.07 billion from $1.14 billion a year ago.
Analysts expected the company to report earnings of $0.45 per share on revenues of $1.07 billion for the year.
Looking ahead, the company anticipates first-quarter net sales to be in the range of $255 million-$265 million and net loss to be in the range of $0.03-$0.08 per share .
Analysts currently expect the company to post a loss of $0.04 per share on revenues of $275.43 million for the quarter.
The company expects fiscal 2010 net sales to increase by 2.0%-3.5% from prior year. Fiscal 2010 earnings are expected to be in the range of $0.50-$0.65 per share.Street analysts currently anticipate earnings of $0.72 per share on revenues of $1.09 billion for the full year.
RDEN closed Thursday's regular trading on the Nasdaq at $10.45, down $0.54 or 4.91%. After hours, the stock is trading at $10.48, up $0.03 or 0.33%.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.