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January 4, 2018
By: TOM BRANNA
Editor
Coty Inc. reported financial results for the first quarter of fiscal year 2018, ended Sept. 30, 2017. According to the company, net revenues more than doubled to $2.2 billion compared to Legacy-Coty net revenues and increased 5% for the combined company at constant currency. Excluding the positive contribution from the acquisitions of ghd and Younique, net revenues declined 2%. In luxury, net revenues increased 70% to $764.4 million as reported compared to Legacy-Coty net revenues in the pr...
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