P&G Acquisitions Propelling Coty Financials Push to Top

May 9, 2016 | Contact Author | By: Jeb Gleason-Allured
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Abstract: By acquiring $9 billion in revenue via P&G brands, Coty is poised to become a top player in several beauty categories.

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.

This content is adapted from an article in GCI Magazine. The original version can be found here.