Company Earnings Update 4 minutesRegister for Free AccessCoty (NYSE: COTY) Fiscal 2Q19 Results: Revenues Down But Luxury Beauty Up; Beats Analysts’ Estimates Coresight Research February 11, 2019 Executive Summary Coty fiscal 2Q19 revenues were $2.51 billion, down 4.8% year over year and beating the consensus estimate of $2.47 billion. Coty reported 2Q19 adjusted EPS of $0.24, up 60% from the year ago period and beating the consensus estimate of $0.22. Sales in the luxury division, the company’s largest division, increased 7.0% year over year, consumer beauty sales decreased 15% year over year, and professional beauty revenues decreased 4% year over year. The company did not provide quantitative EPS and revenue guidance for FY19. However, management said the company anticipates a profit trend recovery in the second half of FY19 and expects FY19 constant currency adjusted operating income will be moderately below FY18 and cash flow positive for FY19. 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: Insights Video: Exploring the Transformative Impact of Generative AI—Premium Subscriber CallJuly 2023 US Retail Sales: Resilient Consumers and Nonstore Retailers Fuel Retail Sales GrowthDebunking Three Myths of Holiday Readiness: Insights Presented at Google Think Retail on AirWeekly US and UK Store Openings and Closures Tracker 2023, Week 38: US Store Closures Up Three-Quarters vs. Last Year