Guess
Aug 16th, 2007, 11:04 PM
In a press release announcing its fourth quarter and fiscal year 2007 financial results, Elizabeth Arden, Inc. attributed its net sales growth to increased sales of prestige fragrances to mass retail customers, primarily driven by sales of new fragrance brands, and higher sales in international markets. In fiscal 2007, net sales of its North American fragrance business advanced by 23%, and net sales internationally grew by 12%.
E. Scott Beattie, Chairman, President and CEO of Elizabeth Arden, Inc. expects these growth trends to continue into fiscal 2008.
"In the near term, we are excited by our innovation calendar for fiscal 2008, including the Mariah Carey fragrance, M by Mariah Carey, which is launching globally in September. Mariah is the best-selling female recording artist of all time and appeals to a broad global demographic."
"We also are looking forward to the continued performance of the Elizabeth Arden brand, the growth of our business in Asia Pacific and Europe, and the continued strength of our North American fragrance business."
However, Elizabeth Arden, Inc. expects to report a loss between 3 cents to 5 cents per share for the fiscal first quarter primarily due to an increased media spending for its new Mariah Carey fragrance, and a shift in its fiscal calendar that will cause some holiday spending to be recorded in the second quarter. The Company, however, sees earnings to increase 5% to 7% based on sales growth for the full fiscal year 2008.
Note: Elizabeth Arden's Fiscal Year 2008 covers the period from July 1, 2007 to June 28, 2008. Fiscal First Quarter 2008 is from July 1, 2007 to September 29, 2007.
Source: Prime Newswire (http://biz.yahoo.com/pz/070816/125138.html) | Associated Press (http://biz.yahoo.com/ap/070816/elizabeth_arden_outlook.html?.v=1)
E. Scott Beattie, Chairman, President and CEO of Elizabeth Arden, Inc. expects these growth trends to continue into fiscal 2008.
"In the near term, we are excited by our innovation calendar for fiscal 2008, including the Mariah Carey fragrance, M by Mariah Carey, which is launching globally in September. Mariah is the best-selling female recording artist of all time and appeals to a broad global demographic."
"We also are looking forward to the continued performance of the Elizabeth Arden brand, the growth of our business in Asia Pacific and Europe, and the continued strength of our North American fragrance business."
However, Elizabeth Arden, Inc. expects to report a loss between 3 cents to 5 cents per share for the fiscal first quarter primarily due to an increased media spending for its new Mariah Carey fragrance, and a shift in its fiscal calendar that will cause some holiday spending to be recorded in the second quarter. The Company, however, sees earnings to increase 5% to 7% based on sales growth for the full fiscal year 2008.
Note: Elizabeth Arden's Fiscal Year 2008 covers the period from July 1, 2007 to June 28, 2008. Fiscal First Quarter 2008 is from July 1, 2007 to September 29, 2007.
Source: Prime Newswire (http://biz.yahoo.com/pz/070816/125138.html) | Associated Press (http://biz.yahoo.com/ap/070816/elizabeth_arden_outlook.html?.v=1)