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Sales Rise 3.5% at Elizabeth Arden

Reports net sales of $344.5 million.

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By: TOM BRANNA

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Elizabeth Arden, Inc. posted financial results for its first fiscal quarter ended Sept. 30, 2012. Net sales rose 13.5% to $344.5 million.Net sales for the company’s international segment increased by 2.2%, while net sales in the company’s North America segment grew by 20.0%. Net sales growth in North America benefitted from several new fragrance launches.

Internationally, sales growth was strongest in the company’s European and emerging markets. Sales of Elizabeth Arden branded products decreased by 5.1%.


E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden, Inc., commented, “We have begun the year strongly, reporting double digit growth in net sales and adjusted earnings per share. Although early in the roll-out, we are experiencing strong retail sales performance at the flagship doors with our revitalized Elizabeth Arden products. As we look forward to the holiday season, we believe that our significant innovation along with the continued rollout of Elizabeth Arden branded products has us well positioned to continue our positive performance.”

The company is confirming its guidance for the first half of fiscal 2013 of net sales of $825 million to $840 million. For the second quarter of fiscal 2013, it expects net sales of $480 million to $495 million.The company is also confirming its guidance for fiscal 2013 for a net sales increase of 13.5% to 15.0%.

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