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Revenue trends show sequential improvement despite resurgence of COVID-19 and related lockdowns.
February 9, 2021
By: Charlie Sternberg
Associate Editor
Coty Inc. has reported an improvement in financial results for the second quarter of fiscal year 2021, ended December 31, 2020. Revenues continued to sequentially improve in the second quarter, with a 16% revenue decline on a reported basis, or an 18% LFL decline which was 1 percentage point ahead of Q1, despite the resurgence of Covid and related lockdowns in multiple parts of the world. The Prestige business saw the biggest gain, with LFL trends better by 9 percentage points sequential...
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