• Coty Q1 revenue ahead of estimates

    19 days ago - By Fashion United

    Image: Coty, Facebook
    US beauty giant Coty has topped revenue estimates in the first quarter of the year.
    In the three months to September 30, net revenue came in at 1.39 billion, slightly above Wall Street estimates.
    Revenue was 1 percent higher than a year ago, or 9 percent higher on a like-for-like basis.
    That revenue increase was driven by like-for-like growth in the company's Prestige and Consumer Beauty categories.
    Coty's net income widened to 125.3 million dollars in the quarter from 103 million dollars a year earlier.
    The company also reaffirmed its full-year revenue and profit...
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