By  on February 8, 2019

Coty Inc.’s numbers declined in the second quarter, largely due to performance of its Consumer Beauty segment.

Overall, the company posted $2.5 billion in sales, down 4.8 percent year-over-year, with a net loss of $960.6 million. Coty said that loss was due to a $965 million non-cash impairment charge related to the Consumer Division and the Cover Girl and Clairol trademarks. Loss per share was $1.28 compared to 15 cents of earnings per share in the prior-year quarter.

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