Starwood Hotels & Resorts Worldwide, Inc Signs Agreement To Sell Bliss Spas To Steiner Leisure Limited For $100 Million
November 2, 2009 |
| Starwood Hotels & Resorts Worldwide, Inc announced that it has signed an agreement to sell the Bliss spa and product company to Steiner Leisure Limited for $100 million. As part of the transaction, Bliss and Remede spas and amenities will remain exclusive to Starwood in the hotel category at W Hotels and St. Regis Hotels respectively. This agreement is in addition to the purchase and sale agreements signed during the third quarter for expected cash consideration of approximately $125 million. The sales of these other non-core assets are also expected to close during the fourth quarter of 2009. |
Steiner Leisure Limited Issues Q4 2009 Guidance In Line With Analysts' Estimates; Narrows FY 2009 Revenue Guidance To A Range Above Estimates; Raises FY 2009 EPS Guidance-Conference Call
October 29, 2009 |
| Steiner Leisure Limited announced that for fourth quarter of 2009, it expects revenue to be in the range of $120-$125 million and earnings per share (EPS) to be in the range of $0.55-$0.60. For fiscal 2009, the Company narrowed revenue guidance to a range of $486-$491 million and increases earnings per share (EPS) to $2.37-$2.42 per share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $121 million and EPS of $0.55 for fourth quarter of 2009; revenue of $483 million and EPS of $2.25 for fiscal 2009. |
Steiner Leisure Limited Announces New Agreement With Silversea Cruises Ltd.
August 4, 2009 |
| Steiner Leisure Limited announced that it has entered into a new agreement with Silversea Cruises Ltd., providing that Steiner will continue to serve all of Silversea's vessels currently in service and Silversea's newest vessel, Silver Spirit (scheduled to debut in December 2009), through August 2012. Under this agreement, Steiner will continue its exclusive operation of hair salons, beauty, massage, fitness and spa facilities and provision of related signature services on board Silversea's vessels and will also expand its service offerings to include certain medi spa services. |
Steiner Leisure Limited Lowers FY 2009 Revenue Outlook; Raises Low End Of Prior FY 2009 EPS Outlook; Issues Q3 2009 Outlook Below Analysts' Estimates-Conference Call
July 30, 2009 |
| Steiner Leisure Limited announced that it is decreasing its fiscal 2009 revenue guidance range from its prior guidance of $495 million to $520 million to $480 million to $500 million of revenue and for earnings per share (EPS), it is increasing the bottom of its prior range from $2.00 to $2.10 and maintaining the high end at $2.30. The Company expects fiscal 2009 EPS to be in the range of $2.10 to $2.30. For the third quarter of 2009, it expect revenue to be in the range of $122 to $127 million, with EPS estimated at $0.55 to $0.60. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.22 on revenues of $488 million for fiscal 2009; EPS of $0.63 on revenues of $132 million for the third quarter of 2009. |
Steiner Leisure Limited Reaffirms FY 2009 Revenue Outlook; Raises Low End Of FY 2009 Prior EPS Outlook; Issue Q2 2009 Guidance; Revenue Guidance Below Analysts Estimate--Conference Call
April 30, 2009 |
| Steiner Leisure Limited announced that it has maintained its fiscal 2009 revenue guidance to be in the range of $495-$520 million and for earnings per share (EPS), an increase in the bottom of the range from $1.95 to $2.00 to account for first quarter of 2009 and maintain the high end of $2.30. The Company expects fiscal 2009 EPS to be in the range of $2.00-$2.30. For the second quarter of 2009, it expects revenue to be in the range of $115-$120 million with EPS estimated to be at $0.50-$0.55. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.11 on revenues of $498 million for fiscal 2009; EPS of $0.54 on revenues of $124 million for the second quarter of 2009. |
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