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Sales rise 15% on strong demand in in Europe, global travel retail, Middle East & Africa, and Brazil.
August 25, 2022
By: TOM BRANNA
Editor
Coty's sales rose 15% in fiscal 2022 to $5.3 billion. The company reported net income of $55.5 million, compared to a net loss of $166.3 million last year. Prestige beauty sales rose 20% and consumer beauty sales were up 7%. E-commerce sales posted double-digit gains. “Today marks the end of another successful year at Coty as we continued to make significant progress strategically, operationally and financially,” said CEO Sue Y. Nabi. “We have also demonstrated the s...
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