Sales Rise 7% at Elizabeth Arden

Elizabeth Arden, Inc. posted financial results for its third fiscal quarter ended March 31, 2011. Net sales rose 7% to $231.3 million, according to the company.

E. Scott Beattie, chairman, president and chief executive officer of Elizabeth Arden, Inc., commented, “We are encouraged by the broad based revenue growth in North America this quarter. Net sales of our North American business increased by 8% and are up 4% year-to-date. Sales results this quarter were bolstered by solid sales gains across our mass retail, direct-to-consumer and U.S. department store businesses. Net sales of our international business grew by 4% for the quarter and by 9% year-to-date. The sales growth this quarter largely reflects timing of innovation and the relatively modest nature of our third fiscal quarter in general. We continue to see strong momentum in our international business, and most of our markets are experiencing healthy retail sales performance.”

For the nine months ended March 31, 2011, the company reported net sales increase of 5.3% to $921.8 million.

The company affirms its prior annual net sales and earnings guidance for fiscal 2011 and anticipates a net sales increase of 5.0% to 6.0%, as compared to the prior fiscal year.