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Elizabeth Arden Releases Fiscal Results

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Elizabeth Arden announced financial results for its second quarter of fiscal 2016, ending December 31, 2015.

Second Quarter ended December 31, 2015:

  • GAAP net sales were $316.2 million, a decrease of 5.2% from last year.
  • Adjusted net sales, excluding charges impacting net sales in the prior year period, decreased by 4.6% at constant foreign currency rates.
  • GAAP net loss per diluted share was $0.19.
  • Adjusted net income per diluted share, excluding non-recurring and other items, was $0.10.

Six Months ended December 31, 2015:

  • GAAP net sales were $582.2 million, a decrease of 3.6% from the prior year period, or an increase of 1.1% at constant foreign currency rates.
  • Adjusted net sales, excluding charges impacting net sales in the prior year period, decreased by 1.4% at constant foreign currency rates.
  • GAAP net loss per diluted share was $0.74.
  • Adjusted net loss per diluted share, excluding non-recurring and other items, was $0.08.
  • By segment, North America segment net sales decreased by 5.1%, and International segment net sales increased by 5.4% in both cases at constant foreign currency rates.