- Coty (NYSE:COTY) reports growth in the color cosmetics business in FQ3 helped offset some weakness with fragrances and skin/body care.
- Total sales were flat for the quarter on a like-for-like basis.
- Emerging markets sales +5% like-for-like.
- The company ended the quarter with the same adjusted gross margin of 61.6% as a year ago.
- Adjusted operating margin increased 280 bps to 10.9%.
- Previously: Coty beats by $0.06, beats on revenue