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Elizabeth Arden Q3

This article was originally published in The Rose Sheet

Executive Summary

Skin care sales advanced 20% and color cosmetics sales were up 28% in the third quarter (ended Oct. 25) on the strength of product innovation and new advertising initiatives, Elizabeth Arden reports during Dec. 5 analyst call. Net revenue in Q3 increased 2.1% to $321.3 mil., while earnings were up 3.2% to $38.9 mil. Arden is "optimistic" about sales for the holiday season given positive early indications; sell through for holiday gift sets are already 10% ahead of last year, firm notes. Arden projects top line growth of about 6% and earnings per share growth of about 20% next year...
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