Edition:
India

Coty Inc Reports Second Quarter Fiscal 2019 Results


Friday, 8 Feb 2019 

Feb 8 (Reuters) - Coty Inc ::REPORTS SECOND QUARTER FISCAL 2019 RESULTS.QTRLY ADJUSTED EARNINGS PER SHARE $0.24.QTRLY LOSS PER SHARE $1.28.2Q19 REPORTED NET REVENUES OF $2,511.2 MILLION DECREASED 4.8%, WITH A LIKE-FOR-LIKE (LFL) REVENUE GROWTH OF 0.7%.QTRLY NET REVENUES $2,511.2 MILLION, DOWN ON (REPORTED BASIS) 4.8%.2Q19 REPORTED GROSS MARGIN OF 61.9% INCREASED BY 80 BPS FROM PRIOR-YEAR PERIOD.IMMEDIATE OBJECTIVE IS TO FINALIZE A STRATEGIC PLAN, WHICH WILL DEFINE AGENDA FOR MEDIUM TERM.ANTICIPATE A PROFIT TREND RECOVERY IN SECOND HALF OF FY19.EXPECT THAT FY19 CONSTANT CURRENCY ADJUSTED OPERATING INCOME WILL BE MODERATELY BELOW FY18.CONTINUE TO EXPECT POSITIVE FREE CASH FLOW FOR FY19.ON FEB 8, 2019, ANNOUNCED DIVIDEND OF $0.125 PER SHARE PAYABLE ON MARCH 15, 2019 TO HOLDERS OF RECORD ON FEB 28, 2019.Q2 REPORTED OPERATING. LOSS OF $804.6 MILLION, REFLECTS A $965.1 MILLION NON-CASH IMPAIRMENT CHARGE MOSTLY RELATED TO CONSUMER BEAUTY DIVISION, SELECT BRAND TRADEMARKS.Q2 ADJUSTED OPERATING. INCOME WAS ALSO IMPACTED BY SUPPLY CHAIN HEADWINDS & TIMING OF LUXURY SHIPMENTS.CONSUMER BEAUTY DIVISION CONTINUES TO BE AFFECTED BY INDIRECT IMPACTS OF SUPPLY CHAIN DISRUPTIONS, WHICH REDUCED NET REVENUE IN Q2.Q2 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $2.47 BILLION -- REFINITIV IBES DATA.