Elizabeth Arden posts 1st quarter profit
Elizabeth Arden has surprisingly made a first quarter profit for this fiscal year. The perfume manufacturer, who owns the Mariah Carey and Hummer for Men range, reported a $350,000 profit, when they were expected a $1.3million loss.
Reuters Reports:
Sales rose 6.7 percent to $271.8 million, helped by the Carey perfume launch as well as an 18 percent rise in international sales of its Elizabeth Arden brand products, and demand for its higher-end perfumes in the United States.
It’s good news and hopefully it will continue!
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