Coty inc reports q4 loss per share of $1.01

. reports fiscal 2020 fourth quarter and full year results.q4 and fy20 severely impacted by covid-19 pandemic.significant improvement expected in q1, with positive adjusted operating income.wella divestiture on track to close by end of cy20.q4 revenue $560.4 million.qtrly adjusted loss per share from continuing operations $0.46.action plans support over $200 million of fixed cost savings in fy21.qtrly loss per share from continuing operations $0.91.qtrly reported loss per share $1.01.targeting adjusted operating income profitability in q1 and for full year.qtrly adjusted loss per share $0.51.begun building platforms to address under-exposure in skincare, northern asia, and e-commerce.4q20 luxury net revenues of $219.4 million, or approximately 39% of coty continuing operations, declined 70.9% as reported.qtrly coty inc net revenue $922.1 million, down 56% on reported basis.has seen gradual sales trend improvement from april through june.monthly sales trends in china continued to improve with each month from february trough.qtrly sales in china were weighed down by a higher exposure to brick & mortar retailers.reported sales for americas segment in quarter benefited from contribution from kylie beauty partnership.in americas, continued to see demand shift to e-commerce in quarter.
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