It is believed earnings per share will fall between $0.07 and $0.15 for 2012, up from an expected $0.04 to $0.14 loss per share for 2011.
“We are excited by our prospects for 2012. Our investment strategy in 2011 has clearly paid dividends as we were the fastest growing colour cosmetic brand among the top eight brands at point of sale over the last 52 weeks, according to AC Nielsen,” commented Ingrid Jackel, chairwoman and ceo. “In 2012, we intend to reap the benefits of those investments, expanding the productivity of our colour cosmetics business and the distribution of our new skin care platform. As a result we expect to generate strong growth in net sales in 2012 and to return the company to profitability.”
