Elizabeth Arden, Inc.’s RDEN third-quarter fiscal 2016 loss per share came in at 59 cents, better than the Zacks Consensus Estimate of a loss of 74 cents. The results were also favorable compared to the loss of 86 cents incurred a year ago backed by higher sales. Adjusted Revenues increased 3.7% on a constant currency basis. year over year to $191.9 million owing to higher sales in the Elizabeth Arden brand and the international segment. Revenues also inched past the Zacks Consensus Estimate of $190 million and. were in line with management’s expectations owing to higher sales in the Elizabeth Arden brand and the international segment. Moreover, investments in key priority areas helped the company generate higher sales during the quarter. Net sales at the North American segment improved 1% to $107.7 million. The North American fragrance business continued to derive benefits from the strong performance of the celebrity fragrance category. At the international segment, net sales increased 7.5% at constant currency, backed by the Elizabeth Arden and Non Arden brands. In terms of products categories, the Elizabeth Arden brand reported an increase of 5.1% at cc. Celebrity, heritage, designer and other fragrances reported an increase of 2.7% year over year backed by growth in the White Diamonds brand. The John Varvatos fragrance brand posted 27% growth, thanks to new innovations implemented last quarter. Sales at the Juicy brand also increased 16% in the third quarter driven by the successful Viva Rose launch. Gross profit increased 6.4% to $84.7 million backed by higher revenue and lower cost of sales. Gross margin inflated 260 basis points (bps) in the quarter to 44.2% backed by the success of its business transformation initiatives. Latest Innovation Elizabeth Arden's fragrances continue to perform well with Fifth Avenue, Red Door and Green Tea all up for the quarter on the back of the recently launched Elizabeth Arden Always Red. Outlook Management expects modest net sales gain driven by International segment and the Elizabeth Arden brand. However, currency will impact net sales growth by 3.75%. Margins are expected to expand owing to improvement in pricing, better mix, lower discounts and realization of reduced supply chain and product costs. Elizabeth Arden carries a Zacks Rank #3 (Hold). Stocks to Consider Some better-ranked stocks in the consumer discretionary sector are Estee Lauder Inc. EL, Coach Inc. COH, and Carters Inc. CRI. All these companies carry a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ELIZABETH ARDEN (RDEN): Free Stock Analysis Report ESTEE LAUDER (EL): Free Stock Analysis Report CARTERS INC (CRI): Free Stock Analysis Report COACH INC (COH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research