Coty Issues Financials for 2Q of 2020
February 06, 2020
February 06, 2020
NEW YORK, Feb. 6 -- Coty, a manufacturer of beauty products, issued the following news release:
Coty Inc. (NYSE: COTY) announced financial results for the second quarter of fiscal year 2020, ended December 31, 2019.
Highlights
* 2Q20 net revenue decreased 6.6%, with 1.4% organic LFL decline
* LFL growth in Luxury and Professional Beauty was offset by a decline in Consumer Beauty
* 2Q20 adjusted operating income of $325.0 million gr . . .
Coty Inc. (NYSE: COTY) announced financial results for the second quarter of fiscal year 2020, ended December 31, 2019.
Highlights
* 2Q20 net revenue decreased 6.6%, with 1.4% organic LFL decline
* LFL growth in Luxury and Professional Beauty was offset by a decline in Consumer Beauty
* 2Q20 adjusted operating income of $325.0 million gr . . .