Pricing pressures smack Coty's bottom line

|About: Coty Inc. (COTY)|By:, SA News Editor

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.