UPDATE: Elizabeth Arden Reports 89% Jump In FQ1 Earnings

Elizabeth Arden Inc (NASDAQ: RDEN) reported an 89% surge in its fiscal first-quarter earnings.

Elizabeth Arden's quarterly profit surged to $9.2 million, or $0.31 per share, from $4.9 million, or $0.17 per share, in the year-ago period. Excluding one-time items, Elizabeth Arden earned $0.31 per share. Its sales surged 6.6% to $303.5 million. Elizabeth Arden in August estimated earnings of $0.25 to $0.30 per share on sales of $295 million to $305 million.

Elizabeth Arden's gross margin climbed to 46.9% from 45.1%.

Elizabeth Arden shares closed at $34.23 yesterday.