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Supply chain issues impact the company’s performance.
November 7, 2018
By: Christine Esposito
Editor-in-Chief
Coty Inc. today announced financial results for the first quarter of fiscal year 2019, ended September 30, 2018. 1Q19 reported net revenues of $2.03 billion decreased 9.2%, with a like-for-like (LFL) revenue decline of 7.7%, which Coty attributed to several temporary supply chain-related headwinds. The firm estimates these factors cumulatively negatively impacted LFL by approximately 5%, implying an underlying 1Q19 decline in the low single digits, with underlying declines limited to the Consume...
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