Company News, Financial News

Q2 Sales Decrease 3% for Coty

Sales performance came in ahead of expectations, despite significant industry-wide constraints in key fragrance components.

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By: Lianna Albrizio

Associate Editor

Q2 sales for Coty decreased 3% the company reported, fully driven by a 7% headwind from FX, with sales up 4% on a like-for-like basis, which includes approximately 300 basis points of negative impact from the Russia business exit.    The beauty company's Q2 sales performance came in ahead of expectations, despite significant industry-wide constraints in key fragrance components, the company said.   “I am incredibly pleased by Coty's tenth consecutive quarter of de...

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