Elizabeth Arden, Inc. (New York), which recently appointed new CEO JuE Wong and announced a joint venture in Southeast Asia, has announced that net sales for its 2015 fourth quarter, ended June 30, 2015, were $175.5 million. On an adjusted basis, net sales were $188.7 million, a decrease of 6.2% from the prior year.
Full year 2015 net sales totaled $971.1 million. On an adjusted basis, net sales were $999.3 million, a decrease of 14.9% from the prior year, or 13.1% at constant foreign currency rates.
The international segment grew, boosted by results in skin care and fragrances, as well as the Asian domestic and travel markets. Meanwhile, lower innovation in non-Elizabeth Arden branded fragrances negatively impacted results.
Fourth quarter highlights:
- Elizabeth Arden branded products decreased by approximately 2% (but increased 7% at constant foreign currency rates); growth was driven by the company's international segment
- Adjusted net sales of non-Elizabeth Arden branded fragrances decreased by 9% (or 7% at constant foreign currency rates) in the fourth fiscal quarter
- North America segment net sales declined by 14% (or 13% at constant foreign currency rates) and international segment net sales increased by 4% (or 15% at constant foreign currency rates)