Fiscal 2012 Sales Rise 5.3% at Elizabeth Arden
• Elizabeth Arden, Inc. revealed financial results for its fourth fiscal quarter and fiscal year ended June 30, 2012. For the quarter ended June 30, 2012, the company reported a 4.6% increase in net sales to $265.5 million.
For the year ended June 30, 2012, the company reported a 5.3% rise in net sales to $1.24 billion. Net sales growth in North America benefitted from the strong sales performance in the prestige business, according to the company.
E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden, Inc., commented, “This was an important year for our company as we reported another year of solid earnings growth and margin expansion, while significantly advancing our key initiatives. For fiscal 2013, we expect strong sales growth and another year of improved operating performance.”
Beattie continued, “Consistent improvement in our operational metrics continues to be driven by the building blocks of our Global Efficiency Re-engineering initiative that has created an efficient and scalable global operational platform. This, combined with tremendous efficiency in working capital management, bodes well as we grow our business. As we look ahead, our priorities are focused on accelerating the global growth of the Elizabeth Arden brand, expanding sales of our fragrance portfolio, particularly in Europe, integrating and growing our newly-acquired fragrance brands, and continuing to drive operational efficiencies. These are the key initiatives driving our margins, earnings and return on invested capital over the next several years.”
For fiscal 2013, net sales are expected to increase by 13.5% to 15.0% over the prior fiscal year.
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