Financial News

Luxury, Professional Beauty Drives Business at Coty

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By: TOM BRANNA

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Coty Inc. reported second quarter fiscal 2018 results. Net revenues rose 14.8% to $2.6 billion. The firm’s 10.3% constant currency net revenue growth reflected a 7.5% contribution from Younique, Burberry and two months of ghd, and a 2.8% increase in the underlying business, driven by strong growth in luxury and sustained momentum in professional beauty which was partially offset by a modest decline in consumer beauty. For the first six months of fiscal 2018, net revenues increased $4.9 bill...

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