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Consumer and professional beauty drop in sales.
February 11, 2019
By: Melissa Meisel
Coty Inc. posted mixed financial results for the second quarter of fiscal year 2019, ended Dec. 31, 2018. Net revenues fell 4.8% to $2.5 billion. However, luxury net revenues rose 7% to $1.0 billion. Consumer beauty net fell 15% to $967.8 million and professional beauty dropped 4% to $525.9 million. North America net revenues of $742.2 million, or approximately 29% of total net revenues, was flat as reported. New CEO Pierre Laubies weighed in on the report. He commented, “Since I joined ...
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