- Elizabeth Arden (RDEN) reports sales in North America fell 23% to $121.9M in FQ3. A decrease in fragrance launches was a factor.
- Gross profit rate fell 520 bps to 42.5% during the period.
- The company says it has engaged Goldman Sachs to help it explore strategic alternatives.
- Shares of RDEN are halted until 4:30 EST.