The fragrance and color cosmetics player said that net sales were down from $191.7m to $175.5m. On an adjusted basis the net sales were $188.7m, which represented a fall of 6.7%, and up 0.7% at constant currency rates.
The net loss for the quarter was $108.9m, which was an improvement compared to the net loss of $155.9m in the corresponding quarter last year.
Elizabeth Arden brand did better
The company underlined that its Elizabeth Arden branded products had helped to buoy the results, with sales down 2%, but up 7% at constant currency rates.
“This is the second consecutive quarter of sales growth for the Elizabeth Arden brand. The 7% constant currency increase this quarter is on top of a 9% constant currency increase in the third fiscal quarter,” said CEO E. Scott Beattie.
“This gives us confidence as we head into the launch of the new Elizabeth Arden brand marketing campaign this fall, which is accompanied by a richer innovation pipeline.”
Regional and full year results
Geographically there was a big difference between the company’s international and North American markets, with sales in the domestic market falling 14%, or 13% at constant currency rates, which was down to a decline in the company’s Elizabeth Arden branded fragrances.
Net sales in the international markets increased 4%, and were up by 15% in constant currency terms, reflecting a big increase in sales for Elizabeth Arden branded fragrances and skin care products, particularly in Asia.
For the full financial year the company said that sales came in at $971.1m. On an adjusted basis the figure was $999.3m, which represented a fall of 14.9% compared to last year’s figure, and a decrease of 13.1% at constant currency rates.
Looking ahead to the next financial year, the company said it forecasts that net sales will continue to increase on the back of a stronger performance in international markets and the Elizabeth Arden brand.
Likewise, the company also foresees an improved EBITA margin, mainly from lower indirect overheads.