Coty Earnings: What Investors Need to Know
Coty Inc Earnings Cheat Sheet
Revenue: Rose 3.46% to $1.06 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Coty Inc reported adjusted EPS income of $0.03 per share. By that measure, the company beat the mean analyst estimate of $0.01. It beat the average revenue estimate of $1.05 billion.
Quoting Management: Commenting on the Company’s performance, Michele Scannavini, CEO of Coty Inc., said,
“Coty delivered another year of positive financial performance. Our increase in net revenues was driven by growth in our Fragrances and Color Cosmetics segments as well as positive developments across all regions, particularly the emerging markets. Operating and net income grew faster than revenues, contributing to margin expansion and demonstrating our ongoing focus on operational efficiency. We continue to show strong ability to convert earnings into cash, enabling us to keep investing to support our growth. We remain committed to our long term strategy to grow revenues in line or faster than the markets and segments where we compete, and to grow earnings faster than sales, driving continuous margin expansion.”
Key Stats (on next page)…