By segment, in the first fiscal quarter, North America segment net sales were flat, and International segment net sales decreased by 7%, according to the company. Net sales of the International segment and the Elizabeth Arden brand reflect increased skin care and fragrance sales across most of the company’s international markets, including Europe and Asia.
Chairman and Chief Executive Officer E. Scott Beattie commented, “This is the third consecutive quarter of sales growth for the Elizabeth Arden brand, and we are pleased to see our fragrance portfolio return to growth (in both cases at constant foreign currency rates). The new Elizabeth Arden brand marketing campaign launched this fall and is accompanied by a rich innovation pipeline. Retail performance of our latest skin care launch is exceeding plan in all markets and leading to broad-based skin care net sales increases. Our performance improvement initiatives continue to drive down costs and improve efficiencies.”
In other news, the company also announces a new independent director, Edward D. Shirley, has been nominated for election by the company’s shareholders at its upcoming annual meeting, to be held on Dec. 2, 2015. Shirley brings extensive consumer product and marketing experience developed over 30 years in senior executive positions with large personal care companies, including as vice chairman of Global Beauty and Grooming for Procter & Gamble and as president, International Commercial Operations at The Gillette Company.