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Elizabeth Arden Announces First Quarter Fiscal 2009 Results
Posted: November 6, 2008
Elizabeth Arden, Inc. announced its financial results for the first fiscal quarter 2009, which ended September 30, 2008. During the quarter, the company’s net sales rose 4.6% to $284.2 million, and net income amounted to $3.1 million.
“We were pleased with our results this quarter, which were essentially on plan, particularly given the global economic weakness and foreign currency volatility,” said E. Scott Beattie, president and CEO of Elizabeth Arden, Inc. “Net sales of our North America fragrance business increased by 9%, driven largely by the contribution from the Liz Claiborne brands and our new launches, including new fragrance brands from Juicy Couture, Usher and Mariah Carey, as well as the Rocawear 9IX fragrance. Prevage Body was also introduced in the U.S. this quarter, which led to a 27% increase in net sales of the Prevage franchise. Net sales of our international business rose by 1%, which was on top of an 18% increase in the first quarter of the prior year.”
For the full results, see the company's corporate site.