Net Sales Grow for Arden in First Quarter
Elizabeth Arden, Inc., reported financial results for the three months ended Sept. 30, 2004 and issued guidance for its second fiscal quarter ending Dec. 31, 2004. For the three months ended Sept. 30, net income increased to $4.8 million, compared with $1.3 million a year ago. First quarter net sales grew to $212.2 million from $199 million for the prior year period, an increase of 6.6%, led by the launch of the Britney Spears Curious fragrance in U.S. department stores, the performance of the Elizabeth Arden Provocative Woman fragrance and continued improvement in the travel retail and Canadian markets over the prior year. Net sales were impacted by hurricanes that affected retailers in the southeast region of the U.S. during the quarter, which should not affect full year results, company executives said. Excluding the impact of foreign currency translation, net sales grew 4.1%.
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