Elizabeth Arden Narrows Losses, Grows Designer Fragrance Sales

Elizabeth Arden Inc. narrowed its net loss by $50.6 million for the quarter ending Dec. 31, posting a $6.3 million loss compared with a $56 million loss in the year-ago period.

The company’s net sales declined 5.2 percent for the quarter ended Dec. 31, to $316.2 million from $333.6 million year-over-year. The company’s net loss per diluted share also decreased to $0.19 from $1.90 in the year-ago period. Net income a share was $0.10, compared with $0.28 for the same period in 2014. Gross margins increased by 60 basis points year-over-year to 44.2 percent, after taking into account about 45 basis points of negative foreign currency impact.