Elizabeth Arden Posts Huge Loss In Q4 - Quick Facts

(RTTNews) - Elizabeth Arden, Inc.'s (RDEN) fourth-quarter loss attributable to shareholders widened significantly to $155.94 million or $5.24 per share, from $5.0 million or $0.17 per share loss, last year.

On an adjusted basis, excluding the non-recurring items, net loss per share for the latest quarter was $1.04. On average, eight analysts polled by Thomson Reuters expected the company to report a loss per share of $0.34 for the quarter. Analysts' estimates typically exclude special items.

Quarterly net sales reached $191.72 million, a 28.4% drop from the prior year's $267.58 million. Seven analysts projected revenues of $241.64 million. On an adjusted basis, net sales were $201.2 million, down by 24.8% year-over-year.