Elizabeth Arden Reports Narrower Loss

Cosmetics maker Elizabeth Arden Inc. (RDEN) on Friday reported a narrower quarterly loss as fragrance sales to mass-market retail customers picked up.

The maker of fragrances such as Red Door (search), Elizabeth Taylor's White Diamonds and Passion, posted a loss for the quarter ended June 30 of 35 cents per share, compared with a loss of 90 cents a share a year earlier.

Net sales rose 17.2 percent to $154.6 million.

The results excluded restructuring and other charges.

Elizabeth Arden (search), which recently changed its fiscal year-end to June 30 from Jan. 31, didn't provide a net loss figure for the quarter, but provided results for the five-month transition period.

For the five months ended June 30, the net loss attributable to common shareholders was $29.5 million, or $1.19 a share, compared with a loss of $34.5 million, or $1.92 per share, a year earlier.

For the fiscal first quarter, the company forecast earnings of 12 cents to 14 cents a share on net sales of $213 million to $218 million.

The company said it expects fiscal year 2005 earnings to be between $1.24 and $1.28 a share on sales of $900 million to $910 million.