Company News, Financial News

Transitional Year for Elizabeth Arden

Q2 sales slip to $336.million—but CEO is hopeful for 2015.

Elizabeth Arden, Inc. posted financial results for its second fiscal quarter ended Dec. 31, 2014. Net sales fell 17.2% to $333.6 million. Net sales for the six months slipped 18.3% to $604.0 million.   E. Scott Beattie, chairman, president and chief executive officer, commented, “Our management team, with the full engagement of our Board of Directors and Rhone Capital, is focused on repositioning our brand portfolio and cost structure to return our business to sustainable growth and profitabilit...

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