By  on January 28, 2010

Improved trends in travel retail and gains at U.S. mass retailers, as well as more favorable foreign currency rates, helped Elizabeth Arden Inc. post 54 percent profit growth in the second quarter.

For the period ended Dec. 31, Arden earned $21.1 million, or 73 cents a diluted share, compared to $13.7 million, or 48 cents, in the year-ago quarter. Excluding restructuring and other expenses, the firm said net income was $22.9 million, or 80 cents a diluted share, compared with $17.4 million, or 61 cents a share.

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