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Elizabeth Arden’s Q1 Sales Rise 4.6%

Gains were as expected, despite global weakness.

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By: TOM BRANNA

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Elizabeth Arden said today that first quarter sales rose 4.6% to $284.2 million. However, the company reported a net loss of $12.5 million due, for the most part, to the recent Liz Claiborne license agreement and restructuring expenses. Excluding these expenses, income was $3.1 million. “We were pleased with our results this quarter, which were essentially on plan, particularly given the global economic weakness and foreign currency volatility,” said E. Scott Beattie, chairman, pr...

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