Elizabeth Arden (RDEN) Posts Smaller Q3 Loss
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Elizabeth Arden, Inc. Announces Third Quarter Fiscal 2016 Results
May 5, 2016 7:02 AM EDTNEW YORK--(BUSINESS WIRE)-- Elizabeth Arden, Inc. (NASDAQ: RDEN), a global prestige beauty products company, today announced financial results for its third quarter of fiscal 2016 ended March 31, 2016.
The Company continues to execute its turnaround plans. The Company posted its fifth consecutive quarter of constant currency net sales growth for both the Elizabeth Arden brand and its International segment and returned its non-Elizabeth Arden branded fragrance business and North American segment to constant currency net sales growth during the third fiscal quarter. Fiscal third quarter and year-to-date adjusted gross margins also increased by 260 and 110 basis points, respectively.... More
