02.06.15
Elizabeth Arden, Inc. posted financial results for its second fiscal quarter ended Dec. 31, 2014. Net sales fell 17.2% to $333.6 million. Net sales for the six months slipped 18.3% to $604.0 million.
E. Scott Beattie, chairman, president and chief executive officer, commented, “Our management team, with the full engagement of our Board of Directors and Rhone Capital, is focused on repositioning our brand portfolio and cost structure to return our business to sustainable growth and profitability. Fiscal 2015, as we have stated, is a transitional year as we work to set a strong foundation for the future. In China, we are making tough decisions in support of a new distribution strategy to drive a healthier and more profitable business.
"Aside from this market and the continued decline in sales of our celebrity fragrances, the remainder of our business, by and large, performed as expected during the quarter.”
E. Scott Beattie, chairman, president and chief executive officer, commented, “Our management team, with the full engagement of our Board of Directors and Rhone Capital, is focused on repositioning our brand portfolio and cost structure to return our business to sustainable growth and profitability. Fiscal 2015, as we have stated, is a transitional year as we work to set a strong foundation for the future. In China, we are making tough decisions in support of a new distribution strategy to drive a healthier and more profitable business.
"Aside from this market and the continued decline in sales of our celebrity fragrances, the remainder of our business, by and large, performed as expected during the quarter.”