Elizabeth Arden Inc.'s net income declined 22 percent in the first quarter, dragged down by costs tied to the repositioning of its flagship brand.
Net income attributable to Arden was $1.7 million, or 22 cents a diluted share, compared with $2.18 million, or 44 cents a share, in the year-ago period. The adjusted net income excludes non-recurring costs related to the revamp of the Elizabeth Arden brand and restructuring activities, and for fiscal 2013, excludes costs tied to fragrance acquisitions completed in 2012.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)