- Coty (NYSE:NYSE:COTY) reports revenue rose 3.4% on a constant currency basis in Q3.
- Organic net revenues increased 0.2% on a constant currency basis, driven by strong performance in Luxury and steady momentum in Professional Beauty.
- Revenue by segment: Luxury: $752.5M (+19%); Consumer Beauty: $1.02B (+3%); Professional: $448.5M (+10%).
- Geographic revenue break-up: North America: $712.8M (+4%); Europe: $967.5M (+15%); ALMEA: $533.4M (+7%).
- Adjusted gross margin rate improved 100 bps to 64.3%, mainly due to the realization of benefits from synergy program.
- Adjusted operating margin rate slipped 10 bps to 10.2%.
- COTY +2.01% premarket.