Coty Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results
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Coty (COTY) Misses Q4 EPS by 34c, Revenues Miss
August 27, 2020 6:06 AM EDTCoty (NYSE: COTY) reported Q4 EPS of ($0.46), $0.34 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $922.1 million versus the consensus estimate of $1.34 billion.
Q4 and FY20 Severely Impacted by COVID-19 PandemicFree Cash Flow Inline with Guidance and $1 Billion KKR Investment Bolsters LiquiditySignificant Improvement Expected in Q1, with Positive Adjusted Operating IncomeWella Divestiture On Track to Close by End of CY20Action Plans Support over $200M of Fixed Cost Savings in FY21Seasoned Beauty Executive Sue Y. Nabi to Start as Coty CEO on... More