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Since the previous quarter, net revenues have improved each month.
November 6, 2020
By: Charlie Sternberg
Associate Editor
Coty Inc. has announced “significantly improved” financial results for the first quarter of fiscal year 2021, ended September 30, 2020. In the first quarter of 2021, Coty reported net revenues of $1,690.5 million, down 13% year over year. Since the previous quarter, net revenues improved each month. Prestige net revenues of $644.1 million, or 57.3% of Coty continuing operations, decreased 20.2%. Mass net revenues of 479.8 million, or 43% of Coty continuing operations, decreased 20.6%. R...
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