×
41 489
Fashion Jobs
ROSS STORES
Senior Business Analyst, Microstrategy
Permanent · New York
ROSS STORES
Senior Business Analyst
Permanent · New York
ROSS STORES
Area Loss Prevention Manager (Alpm)
Permanent · Pittsburg
ROSS STORES
Business Analyst
Permanent · New York
AVEDA
Aveda Advisor - 15 Hrs - Shops at Columbus Circle - New York,ny
Permanent · New York
SHOW MY LINE
Women's Luxury Ready-tO-Wear Production Manager
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Latam E-Commerce Project Manager/Product Owner
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor, Crabtree Valley, Raleigh nc
Permanent · Raleigh
GAP
General Manager - Lenox Square (Kids & Baby)
Permanent · Atlanta
GAP
General Manager - Northbrook Court
Permanent · Northbrook
GAP
General Manager- Stonebriar Mall
Permanent · Frisco
GAP
General Manager - Roseville Galleria
Permanent · Roseville
GAP
General Manager - Central Texas Marketplace
Permanent · Waco
GAP
Merchandise Planner - Boys - Outlet
Permanent · New York
GAP
Unassigned General Manager - Greater Nashville
Permanent · Nashville
ALICE AND OLIVIA
Sales Supervisor - Cabazon Outlet
Permanent · Cabazon
TARGET CORPORATION
Owned Brand Product Design Director, Pets
Permanent · MINNEAPOLIS
LA MER
Manager, Global Supply Chain Operations - Inventory
Permanent · New York
MAC
Business Development – Key Consumer Manager, Mac
Permanent · New York
H&M
Retail Flagship Visual Manager
Permanent · Chicago
JBCSTYLE
Art Director
Permanent · NEW YORK
JBCSTYLE
Sales Operations Coordinator
Permanent · NEW YORK

Coty results beats on demand for luxury fragrances

By
Reuters
Published
today May 9, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Beauty products maker Coty Inc reported quarterly results on Wednesday that beat analysts’ estimates, helped by robust sales for its luxury perfumes such as Burberry Beauty and Gucci Bloom fragrances.


Photo: Burberry


Powered by strong growth in designer brands including Chloe and Tiffany & Co, sales in the luxury beauty segment climbed 19 percent to $752.5 million in the third quarter ended March 31.

Once a pure-play fragrance maker, Coty acquired more than 40 brands including Wella, CoverGirl and Max Factor from Procter & Gamble and added makeup brand Younique and hair appliance brand ghd to target younger customers.

Net loss attributable to Coty Inc narrowed to $77 million or 10 cents per share, from a loss of $164.2 million or 22 cents per share, a year earlier.

Coty, which is relaunching some of P&G’s brands such as CoverGirl and Wella, reported a drop of about 73 percent in restructuring costs in the quarter.

Excluding certain items, the company earned 13 cents per share, beating analysts’ average estimate by 1 cent, according to Thomson Reuters I/B/E/S.

Sales rose 9.4 percent to $2.22 billion, beating analysts’ estimate of $2.17 billion.

© Thomson Reuters 2019 All rights reserved.