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Q2, six month show decreases but CEO is hopeful.
February 5, 2015
By: Melissa Meisel
Coty Inc. posted financial results for the second quarter of fiscal year 2015, ended Dec. 31, 2014. Net revenues fell 5% to $1.3 billion. For the first six months, net sales decreased 2% to $2.4 billion. Commenting on the company's performance, chairman and interim CEO Bart Becht said, “Our Q2 and first half results demonstrate that our strategy, as outlined last quarter, of investment in and revenue growth on our power brands and returning Coty to profitable growth behind efficienc...
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