Sales plummet at Elizabeth Arden, Goldman Sachs on board to help

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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs