Arden Q1
This article was originally published in The Rose Sheet
Executive Summary
Firm revisits its fiscal 2009 guidance for the first half and full year; sales are now expected to increase by 1% to 3.5% over first six months and 6.5% to 8.5% for the full year, Elizabeth Arden notes Nov. 6 in its first-quarter earnings release. Adjustment is due to challenging consumer and retail environment and the impact of foreign currency translations, firm says. Sales for the first quarter totaled $2.84.2 mil., up 4.6% versus the prior year. Sales were driven by new launches including Juicy Couture, Usher, Mariah Carey and Rocawear 9IX fragrances. Firm also introduced Prevage Body in the first quarter, which led to a 27% increase in sales for the Prevage anti-aging skin care franchise, according to Chairman, President and CEO E. Scott Beattie. Liz Claiborne brands also contributed to revenue gains (1"The Rose Sheet" June 2, 2008, In Brief)