SPY421.97-0.14 -0.03%
DIA338.65-2.11 -0.62%
IXIC14,161.35+121.67 0.87%

BRIEF-Coty Reports Qtrly Loss Per Share $0.02

05/10/2021 06:54
BRIEF-Coty Reports Qtrly Loss Per Share $0.02

- Coty Inc COTY.N:

  • QTRLY LOSS PER SHARE $0.02; QTRLY ADJUSTED EARNINGS PER SHARE $0.00; QTRLY EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.00

  • PERFORMANCE OF DIGITAL AND E-COMMERCE GREW CLOSE TO 30% IN Q3

  • QTRLY NET REVENUE $1.03 BILLION, DOWN 3% ON A REPORTED BASIS

  • Q3 EARNINGS PER SHARE VIEW $0.01, REVENUE VIEW $1.03 BILLION -- REFINITIV IBES DATA

  • GENERATED CAPACITY TO SIGNIFICANTLY INCREASE MARKETING INVESTMENTS IN Q4

  • PRESTIGE SALES IN QUARTER RETURNED TO GROWTH AS THE IMPACT OF THE PANDEMIC ABATED IN MANY MARKETS

  • REAFFIRMING FY21 TARGET FOR ADJUSTED EBITDA OF $750 MILLION; EXPECTS TO END YEAR WITH NET REVENUE OF $4.5 BILLION TO $4.6 BILLION

  • QTRLY ASIA PACIFIC NET REVENUE OF $145.2 MILLION, INCREASED 27.7% ON A REPORTED BASIS

  • REMAINS ON TRACK TO ACHIEVE TARGET OF ABOUT $300 MILLION IN COST SAVINGS IN FY21

  • COTY SAYS BRANDS LIKE GUCCI, BURBERRY AND MARC JACOBS WERE 'STANDOUTS', WITH DOUBLE DIGIT GROWTH IN QUARTER

  • STRENGTH WAS PARTICULARLY STRONG IN CHINA DURING THE QUARTER

Source text for Eikon: ID:nNDL7LCM1G

Further company coverage: COTY.N


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