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Declines in Fragrances Offset Coty’s Growth in Color

Sales decline 1% like-for-like in Q3.

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By: Christine Esposito

Editor-in-Chief

For the third quarter of fiscal year 2016, ended March 31, 2016, Coty Inc.’s net revenues were $950.7 million, a decline of 1% like-for-like and an increase 2% as reported. Adjusted operating income of $81.7 million decreased 19% from $100.9 million in the prior-year period, the company said.   “Q3 revenues were consistent with our expectations for muted like-for-like trends through the end of the fiscal year, as we gradually rationalize non-strategic product lines and businesses,” said ...

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