Elizabeth Arden Sees Third Quarter Drop

Global prestige beauty products company Elizabeth Arden, Inc. posted its financial results for the third fiscal quarter and nine months ended March 31, 2008.

For the third quarter, net sales decreased 4.0% to $210.6 million for the three months ended March 31, 2008. According to the company, the net sales results reflect weakness in the consumer and retail environment in North America and in the United Kingdom.

For the nine months ended March 31, 2008, net sales rose 2.3% to $904.8 million from 2007. Net income, excluding restructuring charges, was $31.9 million.