Company News, Financial News

Consumer Beauty Accelerates Growth and Gains Market Share as Coty Rises in Q2

Marketshare gains for CoverGirl, Rimmel, Sally Hansen and Max Factor.

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By: Christine Esposito

Editor-in-Chief

Coty Inc.’s fiscal 2022 second quarter represented another quarter of solid financial improvement and continued strong delivery across its strategic growth pillars, the beauty giant announced today. In 2Q22, prestige net revenues of $1.008  billion or 64% of Coty sales, increased by 12% versus the prior year. On a LFL basis, Prestige net revenues delivered robust growth of 12%, driven by strength across all regions including continued rebound of market growth in most EMEA markets,  The presti...

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