Elizabeth Arden Cuts Q2 Outlook - Quick Facts

(RTTNews) - Elizabeth Arden, Inc. (RDEN) announced that it now expects to report second quarter earnings per share of $1.13 to $1.16 and adjusted earnings of $1.05 to $1.08 per share. The company expects net sales of $415 million to $418 million.

Earlier, the company expected earnings per share to be in the range of $1.30 to $1.60 and net sales to range between $450 million to $475 million.

Analysts now expect second quarter earnings of $1.48 per share on revenues of $467.87 million.

The company now expects its fiscal 2014 net sales and earnings to be below its prior guidance provided on October 30, 2013. That previous guidance was for net sales growth in the lower half of a 3% to 5% range and for earnings per share in the lower half of a range of $2.15 to $2.30.