Coty, Inc. (COTY) Tops Q4 EPS by 2c; Sees Lower Q1 Revs

Coty, Inc. (NYSE: COTY) reported Q4 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.05 billion.

Over the last few months the Company has seen a deceleration of market growth in the U.S. and Europe, triggering significant trade de-stocking activity, particularly by U.S. mass retailers. As a consequence, Coty estimates net revenues in the first quarter of fiscal 2014 to marginally decline versus the prior year period. The Company expects to return over the course of the fiscal year to its long term target to grow in line or faster than the markets and segments where it competes, when trade inventory is expected to normalize and the Company's new investments in emerging markets will start to show positive impact on its growth.

For earnings history and earnings-related data on Coty, Inc. (COTY) click here.

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