Coty (COTY) Tops Q1 EPS by 3c

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Go back to Coty (COTY) Tops Q1 EPS by 3c

A Stronger Coty Emerging in Q1

November 6, 2020 6:45 AM EST

Improved Operational Results Driven by Better Sales Trends Across All Coty Core Regions in both its Prestige and Mass Businesses

Wella Divestiture Expected to Close as Planned by End of CY20, Which Will Result in Significant Net Debt Reduction

NEW YORK--(BUSINESS WIRE)-- Coty Inc. (NYSE: COTY) today announced significantly improved financial results for the first quarter of fiscal year 2021, ended September 30, 2020.

Since the previous quarter, net revenues improved each month, resulting in a 19% LFL decline for Coty's Continuing Operations, an... More