Elizabeth Arden (RDEN) Reports Q2 EPS of 10c, Revenue Misses Consensus
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Elizabeth Arden, Inc. Announces Second Quarter Fiscal 2016 Results
February 4, 2016 4:05 PM ESTNEW YORK--(BUSINESS WIRE)-- Elizabeth Arden, Inc. (NASDAQ: RDEN), a global prestige beauty products company, today announced financial results for its second quarter of fiscal 2016 ended December 31, 2015.
For the first half of its 2016 fiscal year, the Company delivered its internal earnings budget and exceeded its cash flow targets and cost savings under its business transformation initiatives. Despite foreign currency headwinds, fiscal year-to-date adjusted gross margins increased by 60 basis points. The Company also posted its fourth consecutive quarter of constant currency net sales growth for both the Elizabeth Arden brand and its International segment.
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