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Coty Reports 3Q Results

Revenues rise 2% fueled by fragrance and body/skin care.

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By: Christine Esposito

Editor-in-Chief

Coty’s third quarter Net revenues were $1.0 billion, an increase of 2% like-for-like and 1% as reported relative to the prior-year period. Adjusted operating income of $81.4 million decreased from $103.7 million in the prior-year period, and adjusted net income of $86.7 million increased from $68.4 million in the prior-year period, driven by an increase in one-time tax benefits of $14.3 million. By segment, fragrances grew 6%, supported by growth in four out of Coty's five fragrance power ...

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