Sales Rise at Elizabeth Arden

Elizabeth Arden, Inc. posted favorable second fiscal quarter ended Dec. 31, 2009. It reported net sales of $393.3 million, an increase of 6.3%, as compared to the second quarter of the prior fiscal year.

E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden, Inc., commented, “Our results for the second quarter reflect an improved balance between shipments and retail sales at certain of our North American mass retail customers, continued strong sales performance in our Asia-Pacific business, which increased by 19% this quarter, and momentum in our travel retail business. Although we saw revenues accelerate during the second quarter, our retailers are still managing inventories conservatively and, as such, we are still using caution regarding our second half revenue projections.”

For the six months ended Dec. 31, 2009, the company reported net sales of $658.5 million, an increase of 0.7% as compared to the prior year period.

Elizabeth Arden is raising its guidance for net sales for fiscal 2010. It now predicts net sales to increase by 2.5% to 3.5%, as compared to the prior fiscal year. For the third quarter of fiscal 2010, the Company expects net sales of $210 million to $217 million.