BANGALORE, May 7 (Reuters) - Cosmetics and perfume company Elizabeth Arden Inc (RDEN.O) reported a narrower quarterly loss on Thursday, helped by modest improvement in retail sales and a new fragrance launch.
Arden, known for its Prevage anti-aging skin products and perfume brands like Britney Spears and Mariah Carey, said net loss was $3.7 million, or 13 cents a share, in the third quarter ended March 31, compared with $3.8 million, or 14 cents a share, a year earlier. Excluding items, the company posted a loss of 19 cents a share. "We are seeing modest improvement in retail sales performance and are continuing to build market share," CEO Scott Beattie said in a statement. Sales at Miramar, Florida-based Arden fell 3.4 percent to $203.5 million. (Reporting by Dhanya Skariachan in Bangalore; Editing by Derek Caney) |
Elizabeth Arden Inc's quarterly profit topped expectations as sales picked up during the quarter, but the cosmetics maker said it remains cautious about the rest of the year as retailers continue to manage inventories conservatively. 
Cosmetics and perfume company Elizabeth Arden Inc posted a sharply lower second-quarter profit on Thursday, but topped Wall Street's expectations, as sales took a hit from weak demand during the holiday shopping season. 
Cosmetics makers Estee Lauder Cos Inc and Elizabeth Arden Inc warned of disappointing quarterly profits and slashed their full-year outlooks, citing weak sales over the holiday shopping period. 
U.S. cosmetics maker Elizabeth Arden Inc posted a quarterly net loss on Thursday, versus a year-ago profit, hurt by one-time charges and lower sales. The net loss was $10. 
