Elizabeth Arden's profit falls 23 percent

Wed Oct 30, 2013 4:11pm EDT

Oct 30 (Reuters) - Beauty products company Elizabeth Arden Inc reported a 23 percent decline in quarterly profit, hurt by lower sales in North America and costs related to the repositioning of its Elizabeth Arden brand.

Net income fell to $1.7 million, or 6 cents per share, in the first quarter ended Sept. 30, from $2.2 million, or 7 cents per share, a year earlier.

Excluding items, the company earned 22 cents per share.

Revenue fell 0.3 percent to $343.6 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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