Coty Inc reported a 56% drop in quarterly sales on Thursday, as demand for its beauty products took a hit from closures of stores and parlors during coronavirus lockdowns.
FILE PHOTO: A trader works at the trading post that trades Coty Inc. on the floor of the New York Stock Exchange, June 13, 2013. REUTERS/Brendan McDermid/File Photo
- Coty Inc reported a 56% drop in quarterly sales on Thursday, as demand for its beauty products took a hit from closures of stores and parlors during coronavirus lockdowns. Net loss attributable to Coty narrowed to $772.8 million, or $1.01 per share, in the fourth quarter ended June 30, from about $2.8 billion, or $3.72 per share, last year.Reporting by Praveen Paramasivam in Bengaluru; Editing by Sriraj Kalluvila and Sherry Jacob-Phillips
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