Following a slight delay due to Hurricane Sandy, Elizabeth Arden has reported positive first-quarter results thanks to several new additions to the company’s fragrance portfolio.
CosmeticsDesign.com reports the company posted net sales of $US344.5 billion, an increase of 13.5 per cent on the same period last year. Despite this, the cost of acquiring big-selling fragrances including and Taylor Swift means profits dropped 76 per cent according to Dow Jones.
We have begun the year strongly, reporting double-digit growth in net sales and adjusted earnings per share,” said Elizabeth Arden’s chairman and CEO E. Scott Beattie. Although early in the roll-out, we are experiencing strong retail sales performance at the flagship doors with our revitalise Elizabeth Arden products.”
