Coty is up 15% in the first three months of the year.

The beauty company reports the results for the third quarter of its financial year, established from June to June, driven by its products, America and the EMEA region.

A 17% increase in the US.

From January to March 2022, Coty exceeded its forecasts by achieving a turnover of 1.2 billion dollars, an increase of +15% compared to the previous year. The cosmetics company reported net income of $57.1 million, compared with an operating loss reported of $1.4 million a year earlier. Coty, which counts among its houses the luxury and fragrance categories of Gucci, Burberry, Marc Jacobs and Alexander McQueen, has also expanded its total at 64.3%. A set of activities above the previous forecasts can be explained by the beauty of its markets.

Indeed, America, 40% of the company’s market share, has seen a + 17% increase in sales thanks to the prestigious offices and the public. The EMEA region, influenced by its 46% domestic market share, followed this trend through a 16% increase in revenues. According to the Estée Lauder Companies, growth in Asia-Pacific was less due to Covid-19 restrictions but sales still saw +9%.

Coty is enhanced by its prestigious sector.

The American company was able to calculate the performance of its payroll department, as shown by + 21% sales growth for the first three months of the year compared to last year and reported operating income of $83.8 million. Revenue from premium brands was $726 million, or 61% of Coty’s sales. These results are directly related to the honorable incenseup + 20% in the third quarter of the company’s 2022 financial year, since the company introduced a non-binding test last July.

Some brands have done well, such as Gucci Beauty and its Flora Gorgeous Gardenia range, the Burberry Hero fragrance or the new line The Scent from Hugo Boss. Cosmetics sales almost doubled in the same period of 2021 thanks to the strong performance of make-up from Gucci, Burberry and Kylie Cosmetics, and skin care from Lancaster.

Finally, Coty’s consumer products division – Rimmel, Max Factor and Bourjois – saw revenue increase by +8%, to $460 million.

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