Citing a tough holiday season in the mass channel, Elizabeth Arden Inc. on Wednesday reported that net income attributable to company shareholders in the second quarter was $35 million, or $1.16 a diluted share, compared with $44.8 million, or $1.47 a share, in the year-ago period. Net sales for the quarter declined 10.6 percent to $418.1 million, compared with $467.9 million in the prior-year period.
Net sales in the company’s North America segment decreased by 13 percent in the quarter, impacted by a tough holiday selling season in the mass channel. The company said that its performance at prestige retailers was solid and in line with expectations. Sales of the Elizabeth Arden flagship brand gained approximately 4 percent in the quarter.
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