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Luxury, Professional Beauty Drives Business at Coty

Q2 report shows 14.8% rise in sales.

Coty Inc. reported second quarter fiscal 2018 results. Net revenues rose 14.8% to $2.6 billion. The 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, sustained momentum in Professional Beauty and partially offset by a modest decline in Consumer Beauty. For the first six months of fiscal 2018, net revenues increased $4.9 billion. Commenting on...

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