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Elizabeth Arden’s Earnings Rise in Fourth

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By: TOM BRANNA

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Elizabeth Arden Inc. reported increased fiscal fourth-quarter earnings and sales, but forecast lower annual sales in fiscal 2002 as the company limits distribution to improve its brand cachet.The Miami based-company, which changed its name from French Fragrances after it acquired the Elizabeth Arden business in January, reported income of $4 million, or 23 cents a diluted share, compared with $4 million, or 27 cents in the year-earlier period. The company had a larger number of shares outstandin...

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