Breaking News

Second Quarter Boost At Elizabeth Arden

March 4, 2008

Elizabeth Arden, Inc. announced financial results for the second fiscal quarter and six months ended Dec. 31, 2007.

For the second quarter, net sales increased 2.8% to $422.4 million for the three months ended Dec. 31, 2007. According to the company, the boost is a result of increased sales in international markets across all brand categories and the global launch of the M by Mariah Carey fragrance.

Net sales rose 4.3% to $694.2 million for the six months ended Dec. 31, 2007. Net income, excluding restructuring charges, was $34.9 million.

For the three months that ended Dec. 31, 2007, net income was $33.8 million.

E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden, Inc., commented, “The strength of our international business and our focus on operating efficiencies enabled us to achieve our earnings and operating margin targets this quarter despite a difficult holiday season in North America.

“For the first half of the year, we had an overall decline in our net sales in North America of 2%, while we had expected growth of approximately 4.5%, or $20 million. This shortfall was due to weak holiday performance largely at mass volume and prestige department store retailers.”
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.