Seeking Alpha

Pricing pressures smack Coty's bottom line

  • Coty (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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