86 100
Fashion Jobs
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · ANN ARBOR
JCPENNEY
Asset Protection SC Manager
Permanent · CEDAR HILL
JCPENNEY
Beauty Field Manager-Bay Area
Permanent · DALLAS
JCPENNEY
Asset Protection Manager-San Antonio, TX
Permanent · SAN ANTONIO
RALPH LAUREN
Associate Manager
Permanent · HERSHEY
A & F
Abercrombie & Fitch - Assistant Manager, International Market Place
Permanent · HONOLULU
A & F
Hollister CO. - Brand Representative, Galleria at Tyler
Permanent · RIVERSIDE
FOOT LOCKER
Director of Safety (Supply Chain)
Permanent · CAMP HILL
LEE
PT Keyholder, Estero, FL
Permanent · ESTERO
URBN
Free People: Merchandise Planning Manager
Permanent · PHILADELPHIA
URBN
Free People: Senior Merchandise Planner
Permanent · PHILADELPHIA
KOHLS
Operations Supervisor - Weekend Overnights
Permanent · EDGEWOOD
KOHLS
Full-Time Loss Prevention Officer
Permanent · SOUTH BURLINGTON
ADIDAS
Key Account Manager: Athletic Footwear
Permanent · PITTSBURGH
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GOSHEN
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · NAPLES
KOHLS
Shift Leader/Operations Manager - Weekend Night Shift
Permanent · PATASKALA
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · POOLER
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · MURFREESBORO
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader - us
Permanent · KAPOLEI
NAVY EXCHANGE
Buyer (Level i) - Beauty Care
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i) - Pet
Permanent · VIRGINIA BEACH
By
Reuters
Published
May 10, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Coty profit and sales beat as acquisitions pay off, shares rise

By
Reuters
Published
May 10, 2017

Beauty products maker Coty reported higher-than-expected quarterly profit and sales, helped by strong demand for brands such as Calvin Klein as well as for recently acquired brands GHD and Younique.


Archiv


To battle stiff competition, Coty has inked multiple deals in the past year to gain market share and reduce dependence on its struggling perfume business.

In the past year Coty has bought more than 40 brands from Procter & Gamble, the personal care and beauty business of Brazil's Hypermarcas, a majority stake in online cosmetics retailer Younique and also a high-end hair styling appliance brand, GHD.

Coty said revenue rose 6 percent to $2.03 billion a constant currency basis in the third quarter after adjusting the year-ago period's sales for the acquisition.

That beat the average analyst estimate of $1.94 billion, according to Thomson Reuters I/B/E/S.

Excluding acquisitions, the company's sales declined 2 percent in constant currency.

Net loss attributable to Coty increased to $164.2 million in the quarter from $26.8 million a year earlier, due to $213.5 million in restructuring charges related to the P&G deal.

Excluding items, Coty earned 15 cents per share, beating the average analyst estimate by 2 cents.

Sales in the company's luxury business, which sells high- end perfumes such as Calvin Klein and Hugo Boss, rose 2 percent when adjusted and on a constant currency basis.

The business accounted for nearly a third of total sales.

Coty's consumer beauty business saw sales increase 5 percent, reflecting strong contributions from Younique and one month of sales from the Hypermarcas deal, the company said.

The business accounted for nearly half of total sales.

Coty has a professional division, which caters to hair salons and professionals. Sales in the business rose 14 percent in the quarter, driven solely by the acquisition of GHD.

The company said it expects net revenue in the current quarter, excluding Younique and GHD, to weaken sequentially compared with the third quarter.

© Thomson Reuters 2024 All rights reserved.