By  on October 30, 2013

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.

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