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Stock Market & Financial Investment News

News Breaks
August 19, 2014
13:01 EDTRDENElizabeth Arden downgraded to Neutral from Buy at SunTrust
News For RDEN From The Last 14 Days
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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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