Elizabeth Arden, Inc. Announces Fourth Quarter and Fiscal 2006 Results; Fiscal 2006 EPS of $1.29 (Excluding Charges); Net Sales of $955 million.
Business Wire › August 17, 2006
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Elizabeth Arden, Inc. Announces Fourth Quarter and Fiscal 2006 Results; Fiscal 2006 EPS of $1.29 (Excluding Charges); Net Sales of $955 million.
NEW YORK -- Elizabeth Arden, Inc. (NASDAQ: RDEN), a global prestige beauty products company, today announced financial results for the fourth quarter and fiscal year ended June 30, 2006.
FISCAL 2006 RESULTS In line with prior guidance, net sales increased 3.7% to $954.6 million for the fiscal year ended June 30, 2006 from $920.5 million for the fiscal year ended June 30, 2005. Excluding the unfavorable impact of foreign currency translation, net sales increased 4.4%. Net income for the fiscal year ended June 30, 2006, was $34.2 million, or $1.15 per diluted share, excluding pre-tax charges of $0.8 million, or $0.02 per diluted share, associated with the early retirement of the remaining 11 3/4% Senior Notes and $1.2 million, or $0.03 per diluted share, associated with the previously announced organizational changes in the Company's European operations. Adjusted for these charges and stock compensation expense related to FAS 123R, net income was $38.5 million or $1.29 per diluted share. This compares to $39.1 million or $1.30 per diluted share for the fiscal year ended June 30, 2005. The prior year results exclude the pre-tax impairment charge related to the sale of the Miami Lakes facility of $2.2 million, or...See the full content of this document
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