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CEO Pane calls it a challenging quarter but says firm has started to "tackle the growth challenges of our business."
February 9, 2017
By: Christine Esposito
Editor-in-Chief
Coty Inc. has reported its financial results for the second quarter of fiscal year 2017, ended December 31, 2016. Net revenues of $2.2 billion increased 90% as reported compared to Legacy-Coty net revenues in the prior-year period and decreased 4% at constant currency compared to combined Legacy-Coty and P&G Beauty Business net revenues in the prior-year period. Excluding the positive contribution from the acquisitions of ghd and the Brazil acquisition, and the short-term negative transitio...
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