Financial News

Acquisitions Fuel Coty’s Skyrocketing Sales

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By: TOM BRANNA

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Coty says net revenues for the fiscal year ended June 30, 2017 rose 76% to more than $7.6 billion. But excluding the positive contribution from the acquisitions of ghd, Younique, and seven additional months of Hypermarcas Brands, the company’s combined organic net revenues declined 5% on a constant currency basis. Fourth quarter net revenues were $2.2 billion, an increase of more than 100% as reported compared to Legacy-Coty net revenues in the prior-year period. Excluding the positive cont...

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