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Mixed results start of fiscal 2016.
November 5, 2015
By: Christine Esposito
Editor-in-Chief
Coty Inc. has announced mixed results for the first quarter of fiscal year 2016, ended September 30, 2015. Net revenues of $1.1 billion declined 2% like-for-like and decreased 6% as reported. Coty’s adjusted operating income was $173.4 million, an increase of 4% from $167.1 million in the prior-year period. Reported net income of $125.7 million increased from $10.6 million in the prior-year period.The firm’s adjusted net income was $219.7 million, up from $103.0 million in the prior-year period...
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