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Down 10.4% year-over-year, like-for-like.
May 8, 2019
By: Christine Esposito
Editor-in-Chief
Coty Inc. has revealed results for its third quarter of fiscal year 2019, ended March 31, 2019. Reported net revenues were $1.9 billion, down 10.4% year-over-year, with a like-for-like (LFL) revenue decrease of 3.7%. This LFL decline reflected two temporary factors, changes in revenue recognition accounting, which reversed to a negative impact in 3Q19 from a positive impact in 2Q19; and moderate supply chain related headwinds, according to the company. Coty said that it estimates that these ...
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