Off Is An Overreaction And Buying Opportunity Losing a major customer is never good in any business. When moncler outlet store it co mes to the spas on cruise ship business, losing one entire cruise line would have a large impact on revenue and earnings. However, what investors did to Steiner Limited (NASDAQ:STNR) after losing Celebrity Cruises, seems like an overreaction.

Sales of Steiner Limited were down 15% in early trading on Monday after the company announced it will not have its contract with Celebrity Cruises renewed going into 2014. Steiner appeared to be disappointed, but assured investors that the loss of Celebrity Cruises will cut out $0.24 or less in annual earnings per share.

Steiner Limited is a worldwide provider and innovator in beauty, wellness and education. The company has distribution channels on ships and in land based spas. Other smaller sources of revenue include health clubs, department stores, and third party retail outlets. Steiner Limited products can also be found at airports and on QVC.

The loss of Celebrity Cruises will not go unnoticed. The company's products are on over 150 ships, including those from Carnival (NYSE:CCL), Royal Caribbean (NYSE:RCL), Princess, and Norwegian (NASDAQ:NCLH). With strong partnerships with the other cruise lines and expanding sales of key products in stores, the loss should be minimal to Steiner in 2014 and going forward.

In fact, land based brands like Elemis, Mandara, Bliss, and Remede continue to see strength in sales and are approaching 100 locations. Landbased customers include Caesar's Entertainment (NASDAQ:CZR), Hilton Hotels (NYSE:HLT), Marriott Hotels (NASDAQ:MAR), and Planet Hollywood locations. Sales of product brands were up 16.3% in the third quarter and continues to be the key source of growth and diversification away from just cruise ship revenue.

Ideal Image, Steiner's laser hair removal product line, is used in 124 treatment centers that bear its name. Seventeen of those locations license the brand from Steiner and pay franchise fees. Ideal Image is in 31 states and Canada. Ideal Image revenue increased 35% to $31.6 million. This represented 15% moncler outlet of total third quarter revenue. The company will also open 10 additional Ideal Image locations in the fourth quarter of the current fiscal year.


Third quarter earnings in October came in ahead of analysts' expectations. Revenue of $214.8 million, was a 5% increase from the prior year and came in $0.5 million ahead of estimates. Over the first nine months of the year, revenue grew 5.7% to $634.5 million. The