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January 9, 2013
06:17 EDTRDENElizabeth Arden upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital upgraded Elizabeth Arden based on valuation and expectations its brand repositioning will drive sales growth. Price target raised to $55 from $51.
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October 30, 2014
07:34 EDTRDENElizabeth Arden reiterates outlook for FY15
Specifically, the company expects a modest improvement in adjusted earnings for fiscal 2015 over the prior year with continued improvement in fiscal 2016, and continues to expect the following: Net sales headwinds to continue for the first half of fiscal 2015, resulting primarily from continued proactive tightening of distribution and a lower level of product innovation as compared to the first half of the prior fiscal year; Net sales increases in the second half of the fiscal year versus the prior year period as the year-over-year product launch comparisons moderate and the company begins to realize the impact of improved pricing; Gross margin expansion due to improved pricing, better sales mix, lower discounts and realization of reduced supply chain and product costs; Lower overall selling, general and administrative expenses, with some reinvestment of 2014 Improvement Plan savings to drive future growth; Improved EBITDA margins from gross margin expansion and lower selling, general and administrative expenses; and Stronger cash flow from operations as a result of modestly higher earnings and lower investment in inventory.
07:33 EDTRDENElizabeth Arden reports Q1 adjusted EPS (43c), consensus (53c)
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