Coty (COTY) Tops Q2 EPS by 10c, Revenues Miss

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Go back to Coty (COTY) Tops Q2 EPS by 10c, Revenues Miss

Coty Maintains Momentum in Q2

February 9, 2021 6:45 AM EST

Continued Improvement In Profit and Net Debt Reduction, with Revenues In Line

FY21 Fixed Cost Savings Target Increased to ~$300M

Strong Strategic Progress in Prestige Business Especially in U.S. and China, and E-Commerce

NEW YORK--(BUSINESS WIRE)-- Coty Inc. (NYSE: COTY) today announced continued improvement in financial results for the second quarter of fiscal year 2021, ended December 31, 2020.

In Q2, Coty reported adjusted operating income of $188.4 million, up 7% versus last year, with a reported operating income of $17.0 million. Strong... More