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Net sales fall 20%.
May 13, 2014
By: Christine Esposito
Editor-in-Chief
For the third fiscal quarter ended March 31, 2014, Elizabeth Arden Inc.’s Net sales were $210.8 million, down 20.3%, or 19.4% excluding the impact of foreign currency rates. Net loss per diluted share was $0.89. On an adjusted basis, excluding non-recurring items, net loss per diluted share was $0.84. The non-recurring items include Elizabeth Arden repositioning and restructuring costs. A reconciliation between GAAP and adjusted results can be found in the tables and footnotes at the end of th...
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