Coty has reported third quarter 2016 sales and provided an update on its acquisition of P&G brands, which will position it as a top beauty player in several categories.
Net revenues for the third quarter totaled $950.7 million, a drop of 1% like-for-like and a gain of 2% as reported. Adjusted operating income totaled $81.7 million. For the first nine months, net revenues totaled $3,273.5 million, a decline of 1% on a like-for-like basis. Adjusted operating income totaled $469.7 million.
