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Elizabeth Arden Reports Fourth Quarter Profit

The company was helped by cost cutting and higher revenue from its cosmetics and perfume.

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By: Jamie Matusow

Editor-in-Chief

Elizabeth Arden Inc. returned to a fourth-quarter profit, the cosmetics maker said Thursday, helped by cost cutting and higher revenue from its cosmetics and perfume.

Net income for the three months ended June 30 totaled $2.3 million, or 8 cents per share, compared with a loss of $3.6 million, or 13 cents per share. Excluding costs related to a restructuring program, net income totaled 13 cents per share. That is better than the penny per share analysts polled by Thomson Reuters, on average, were expecting.

Revenue rose 7 percent to $228.2 million from $212.6 million a year ago, nearly matching analyst expectations. For the year, net income totaled $19.5 million, or 68 cents per share, compared with a loss of $6.2 million, or 22 cents per share last year. Revenue rose 3 percent to $1.1 billion from $1.07 billion last year.

The New York company forecast fiscal first-quarter net income of 10 cents to 15 cents per share on revenue of $270 million to $280 million. Analysts expect net income of 14 cents per share on revenue of $274.7 million.

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