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Coty Reports Full-Year Results

12 month revenues flat, but company records a profit in Q4.

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By: Christine Esposito

Editor-in-Chief

Coty’s net revenues for the fiscal year ended June 30, 2015 were $4.39 billion, which was flat like-for-like and down 3% as reported from the prior-year, with strong like-for-like growth in color cosmetics offset by declines in fragrances and skin and body care.   The fragrance and beauty company was able to turn a profit in the fiscal fourth quarter, buoyed by a large tax benefit.  Fourth quarter net income was $21.0 million, according to Coty. “2015 was a good year. We made meaningful progres...

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