Coty Inc. Reports Fiscal Second Quarter 2020 Results
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Coty (COTY) Tops Q2 EPS by 3c; Reiterates FY20 Outlook
February 5, 2020 6:32 AM ESTCoty (NYSE: COTY) reported Q2 EPS of $0.27, $0.03 better than the analyst estimate of $0.24. Revenue for the quarter came in at $2.35 billion versus the consensus estimate of $2.34 billion.
Highlights
2Q20 net revenue decreased 6.6%, with 1.4% organic LFL declineLFL growth in Luxury and Professional Beauty was offset by a decline in Consumer Beauty2Q20 adjusted operating income of $325.0 million grew 1% YoYIn 1H20, adjusted operating income grew 8.5% on a constant currency and scope basisAdjusted EPS of $0.27, rose 13% YoY, including a one-time tax benefit of $0.015 per share2Q20 free... More