Coty Projects Slight Q1 Decline, Citing “Drastic Drop” In Nail Segment
This article was originally published in The Rose Sheet
Executive Summary
Coty is holding off on full-year projections until it gains visibility into the back-to-school and Christmas seasons, but expects first-quarter revenues to be down, largely due to a significant decline in nail-care consumption. The newly public firm looks to offset retailer destocking with innovations across its portfolio, previewed during its fiscal 2013 fourth-quarter and year-end earnings call.