Elizabeth Arden's net sales rise to $189.9mn for Q4
18 Aug '06
3 min read
The Company recently completed two acquisitions, including the acquisition of prestige fragrance distributor Sovereign Sales, LLC on August 11, 2006 and the acquisition of the brand licenses of Riviera Concepts Inc in the fourth quarter of fiscal 2006.
The acquisitions are expected to be dilutive to earnings in the first half of fiscal 2007 due to integration-related costs, including redundant distribution, warehousing and other operating costs, increased investment to support the acquired brands and additional amortization and interest expense.
Fourth quarter results Net sales increased to $189.9 million for the three months ended June 30, 2006 from $187.1 million in the comparable three-month period of the prior fiscal year. The impact of foreign currency translation was not material.
Net loss per share improved to breakeven for the fourth quarter ended June 30, 2006 compared to a loss of $0.11 in the prior year period.
The Company will host a conference call today at 10:00 a.m. Eastern Time. All interested parties can listen to a live web cast of the Company's conference call by logging on to the Company's web site.
Elizabeth Arden is a global prestige beauty products company. The Company's portfolio of brands includes the Elizabeth Arden fragrance brands: Red Door, Red Door Revealed, Elizabeth Arden 5th Avenue, Elizabeth Arden after five.
Elizabeth Arden green tea, and Elizabeth Arden Provocative Woman, the Elizabeth Arden skin care lines, including Ceramide and Eight Hour Cream, PREVAGE anti-aging treatment and the Elizabeth Arden color cosmetics line.
marketing@alchempro.com
