Company News, Financial News

Arden Misses the Mark

Sales fall in fiscal 2015.

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By: TOM BRANNA

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Elizabeth Arden Inc. reported a worse-than-expected loss and sales decline in the fourth quarter ended June 30, but the company boasted that sales within its flagship unit were on the rise. Q4 sales fell to $175.5 million from $191.7 million, as a 14% drop in North America sales offset a 4% increase in international sales. Adjusted sales declined 6.2% to $188.7 million. Analysts' consensus was for revenue of $188 million. For fiscal 2016, the beauty products company expects net sales to inc...

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