Elizabeth Arden raises operating cash flow guidance

10 May '10

4 min read

Outlook
The Company is confirming its annual net sales guidance and raising its earnings guidance for fiscal 2010. Net sales are expected to increase by 2.5% to 3.5% for fiscal 2010, as compared to the prior fiscal year, and earnings are now expected to be in the range of $0.69 to $0.76 per diluted share. The Company is also raising its guidance for cash flow from operations for fiscal 2010 from a range of $70 million to $75 million to a range of $90 million to $100 million. The Company will provide fiscal 2011 guidance when the Company reports its full year fiscal 2010 results in August 2010.

The guidance assumes April 2010 foreign currency rates and excludes restructuring and other expenses associated with the Company's Global Efficiency Re-engineering initiative. The Company notes that the ongoing global economic uncertainty may continue to have a negative effect on retailer and consumer confidence and demand, and, along with the foreign currency volatility, makes forecasting difficult. The Company believes that net sales, earnings and cash flow from operations guidance, excluding the impact of foreign currency and restructuring and other expenses associated with the Company's Global Efficiency Re-engineering initiative, as applicable, facilitates period to period comparisons of the Company's operating and financial performance on a consistent basis.

Elizabeth Arden Inc

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