Shares of Coty Inc (NYSE:COTY) ended Friday session in green amid volatile trading. The shares closed up +0.15 points or 0.62% at $24.48 with 11.30 million shares getting traded. Post opening the session at $24.23, the shares hit an intraday low of $24.18 and an intraday high of $24.51 and the price vacillated in this range throughout the day. The company has a market cap of $8.09 billion and the numbers of outstanding shares have been calculated to be 74.01 million shares.
Coty Inc (COTY) on August 16, 2016 announced financial results for the fourth quarter and fiscal year ended June 30, 2016.
Fiscal 2016 Summary
- Net revenues of $4,349.1 million decreased 1% as reported and like-for-like
- Reported operating income of $254.2 million decreased 36% from the prior-year, driven primarily by acquisition related costs
- Adjusted operating income of $622.9 million increased 3% from the prior-year
- Reported net income of $156.9 million decreased 33%, while adjusted net income of $485.2 million increased 19% from the prior-year
- Reported earnings per diluted share of $0.44 decreased 31%, while adjusted earnings per diluted share of $1.37 increased 21% from the prior-year
- Net cash provided by operating activities was $501.4 million compared to $526.3 million in the prior-year, despite an increase in cash acquisition-related costs of over $100 million relative to the prior year
Shares of Mondelez International Inc (NASDAQ:MDLZ) ended Friday session in red amid volatile trading. The shares closed down -0.11 points or -0.26% at $42.91 with 10.72 million shares getting traded. Post opening the session at $42.66, the shares hit an intraday low of $42.53 and an intraday high of $43.06 and the price vacillated in this range throughout the day. The company has a market cap of $65.43 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
Mondelez International Inc (MDLZ) on Sept. 14, 2016 confirmed a $65 million investment to build a global Research, Development & Quality (RDQ) network of the future. The investment will enable the company to better recruit, retain and develop talent across a range of science and technical disciplines while also creating a stronger presence in both emerging and developed markets. When complete, the redesigned network will consist of a combination of new and existing technical centers that will be more flexible and agile in responding to the company’s growth and innovation needs.
Over the next two years, the company will focus its RDQ network at nine advantaged technical centers, concentrating people and resources into better equipped hubs:
- Mexico City, Mexico
- East Hanover, N.J., United States
- Bournville, United Kingdom
- Reading, United Kingdom
- Wroclaw, Poland
- Thane, India
- Suzhou, China
- Jurong, Singapore
- Curitiba, Brazil
“With these advantaged technical centers, we’re focusing our investment in research, equipment and capabilities to drive innovation to support our growth strategy and innovation, margin and quality platforms,” said Rob Hargrove, Executive Vice President, RDQ. “These hubs will enable improved efficiency, effectiveness and accelerated project delivery, while the increased scale across key markets will provide rapid access to changing consumer needs and trends.”