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Pricing pressures smack Coty's bottom line

Feb. 14, 2014 7:37 AM ETCoty Inc. (COTY) StockBy: Clark Schultz, SA News Editor
  • Coty (NYSE:COTY) saw soft demand across product categories in FQ2 as a high level of promotional activity in the U.S. took a toll.
  • Emerging market growth was 6% which was slightly higher than what some peers saw for the period.
  • Gross margin rate fell 50 bps to 58.7%.
  • The company announces a $200M share repurchase program.

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