The company said late Thursday that earnings will now top its expected range of 90 cents to $1 per share for the quarter ended Dec. 31. Revenue also will hit the high end or come in above prior guidance of $383 million to $403 million.
Analysts polled by Thomson Reuters, on average, expect net income of 98 cents per share on revenue of $403 million. Retailers recently reported their best holiday season since 2006, as more customers felt confident making discretionary purchases.
Elizabeth Arden also is pushing back the date its credit facility comes due to January 2016 from December 2012. The size of its bank facility will be reduced to $300 million from $325 million, but Elizabeth Arden can increase the size by $75 million without a formal amendment. Borrowings under the credit line at Dec. 31 stood at $37 million.
The cosmetics maker also said it started a tender offer to buy back any and all of its outstanding $220 million 7.75 percent senior subordinated notes due 2014 in a move to reduce interest payments.
Shares rose 64 cents, or 2.7 percent, to $24.67 in morning trading.