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Net Sales Grow for Arden in First Quarter

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By: TOM BRANNA

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Elizabeth Arden, Inc., reported financial results for the three months ended Sept. 30, 2004. The company also issued guidance for its second fiscal quarter ending Dec. 31, 2004.For the three months ended Sept. 30, net income increased to $4.8 million, compared with $1.3 million a year ago. The increase in earnings was partly attributed to gross margin expansion of about 300 basis points, from 42.2% a year earlier to 39.3% in the current first quarter. The growth reflects a higher proportion of n...

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