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Sales rise due to recent beauty acquisitions.
May 10, 2017
By: Melissa Meisel
Coty Inc. posted financial results for the third quarter of fiscal year 2017 ended March 31, 2017. Net revenues rose 5% to $2.03 billion. This is due to positive contribution from the acquisitions of ghd and Younique, said the company. For the nine months ended March 31, 2017, sales fell 2% to $5.41 billion. Commenting on Q3 financial results and strategic outlook, Camillo Pane, Coty CEO, said: “Q3 was a better quarter. The underlying net revenue trend, excluding the contributions from ghd, ...
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