Coty narrows loss, sales down in first quarter of fiscal 2019

The company said the decline in sales was due to “temporary supply-related headwinds”

US-based Coty reported a 9.2% decline in net sales for the first quarter of fiscal 2019 to $2.03bn. Organic (like-for-like) revenues fell 7.7%.

The company said the decline was due to “temporary supply-related headwinds” such as shortages from external suppliers,...

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