Elizabeth Arden announces first quarter fiscal

Published: 6-Nov-2008

Elizabeth Arden announced financial results for its first fiscal quarter ended 30 September 2008. Compared to 2007, net sales rose 4.6% to $284.2m and increased 4.8% excluding the negative impact of foreign currency transactions. Net income for the first quarter was £3.1m - this excludes expenses for the Liz Claiborne license agreement plus restructuring expenses.


Elizabeth Arden announced financial results for its first fiscal quarter ended 30 September 2008. Compared to 2007, net sales rose 4.6% to $284.2m and increased 4.8% excluding the negative impact of foreign currency transactions. Net income for the first quarter was £3.1m - this excludes expenses for the Liz Claiborne license agreement plus restructuring expenses.

E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden said: ”We were pleased with our results this quarter, which were essentially on plan, particularly given the global economic weakness and foreign currency volatility. Net sales of our North America fragrance business increased by 9%, driven largely by the contribution from the Liz Claiborne brands and our new launches.”

Beattie also commented about sales for their international business that rose by 1% on top of an 18% increase in the first quarter of the prior year.

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