Coty Inc. Announces $700 Million Class A Share Repurchase Authorization
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August 13, 2015 7:02 AM EDT
Coty, Inc. (NYSE: COTY) reported Q4 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $999.01 million.
Commenting on Cotys performance, Bart Becht, Chairman and Interim CEO said: 2015 was a good year. We made meaningful progress on our strategy of driving revenue growth on power brands, while fueling profit growth behind efficiency programs. During the year, power brand net revenue growth, while still modest, was in the low single digits like-for-like, driven by Marc Jacobs, Chloe, Sally Hansen, Rimmel, and... More
August 13, 2015 7:01 AM EDT
Coty Inc. (NYSE: COTY) today announced that its Board of Directors has approved a $700 million share repurchase authorization of its Class A common stock. This authorization includes any amounts remaining under the existing stock repurchase authorization.
We continue to remain focused on returning capital... More
