Company Earnings Update 4 minutesRegister for Free AccessCoty (NYSE: COTY) 4Q19 Results: Revenues Down Due to Mass Beauty Weakness, Announces Separation with Direct Sales Brand Younique Coresight Research August 30, 2019 Executive Summary Coty’s fiscal 4Q19 revenues declined 8% to $2.12 billion, meeting the consensus estimate. Adjusted EPS was $0.16, up 14.3%, in line with consensus estimate. By division, sales in the luxury division (the company’s largest division) increased 5.8% year over year (YoY), consumer beauty sales declined 11.5% YoY, and professional beauty revenues declined 3.1% YoY. Guidance for FY20 is adjusted earnings per share (EPS) of mid-single-digit growth, stable to slightly lower like-for-like (LFL) net revenues, and adjusted operating net income growth of 5-10% YoY at constant foreign exchange rates. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Groceryshop 2023 “Shark Reef” Startup Pitch: All You Need To KnowApril 2023 China Retail Sales: Total Sales Accelerate Further as Most Sectors Continue To See Strong GrowthWeinswig’s Weekly: Elevated Gasoline Prices and the Pressures on Consumer WalletsGroceryshop 2024 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators Enhancing the Supply Chain, Customer Experience and Operations
