THE WHAT? Coty has reported a 15 percent sales rise for the third quarter in FY22, to US$1.8 billion on a reported basis.
THE DETAILS Like-for-like sales grew by 19 percent in the quarter, which was driven by the Prestige and Consumer segments.
Geographically, revenue growth was fuelled by the continued recovery in many EMEA markets, a strong rebound in Travel Retail, and continued momentum in the U.S.
E-commerce maintained its momentum, with double digits e-commerce sales growth in Q3 and year to date, supporting high teens e-commerce penetration, even as stores re-opened.
The Prestige segment saw ‘robust’ YOY sales growth of 21 percent, with Prestige fragrances continuing to accelerate, increasing 20 percent in Q3. Gucci Beauty, Chloe, Burberry and Hugo Boss saw particularly strong growth.
Consumer Beauty revenues rose 8 percent as reported, with a strong performance across color cosmetics, mass fragrances, and body care.
THE WHY? Commenting on the operating results, Sue Y. Nabi, Coty’s CEO, said: “Our Q3 earnings mark the seventh consecutive quarter of Coty reporting results inline to ahead of expectations. I am extremely proud of the organization for delivering these results, and outperforming the overall beauty market, in an increasingly volatile environment.
“This confirms that Coty has the brands and the people to win in the beauty market, guided by our strategic priorities of delivering above-market sales growth and expanding gross margin, allowing for brand reinvestment, profit expansion and continued deleveraging.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
-
Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
-
Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
-
Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
-
Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
-
Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
-
Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
-
Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
-
Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
