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Coty Sees Weaker Revenue Performance In 3Q Of FY 2016

May 3, 2016: 12:00 AM EST
Coty Inc. reported net revenue declined 1 percent like-for-like to $950.7 million and increased 2 percent as reported for the third quarter of fiscal year 2016. Adjusted operating income decreased 19 percent to $81.7 million from $100.9 million in the previous year. Adjusted net income declined from $63.6 million in the previous year to $31.5 million in the third quarter of 2016. Also, the company said net cash provided by operating activities rose to $71.8 million, compared with $33.2 million in the same period in the previous year.
"Coty Inc. Reports Third Quarter Fiscal 2016 Results", Coty, May 03, 2016, © Coty Inc.
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