Ahead of the completion of its acquisition by Revlon, Elizabeth Arden, Inc. has announced fourth quarter full year 2016 net sales of $192.7 million, an increase of 9.8% from the prior year period, and $966.7 million, a decrease of 0.4% from the prior fiscal year, respectively. (Read the last period's financials here.)
The company's branded products sales grew 14% in the fourth quarter, including double-digit gains in across skin care, color cosmetics and fragrances. Ecommerce and social media upgrades also reportedly boosted demand for Elizabeth Arden.
Elizabeth Arden reported growth in every international region, excepting Latin America.
Net sales of non-Elizabeth Arden branded fragrances decreased by 5% for the quarter, primarily due to lower sales of distributed fragrance brands. Net sales of the company's designer fragrances increased by 5% behind continued strong momentum for John Varvatos and Juicy Couture fragrances.
The Company’s White Diamonds and Curve fragrances brands also grew during the fourth fiscal quarter.
Elizabeth Arden reported growth in every international region, excepting Latin America. The European region increased by 3% on top of a 27% increase for the third fiscal quarter, and the company’s Asia Pacific and greater China markets increased by 19% and 12%, respectively, led by continued momentum of the Elizabeth Arden brand and the ecommerce platform in China and performance of the Company’s regional joint venture.