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"The financial results for the fourth quarter were disappointing, largely due to the decline in Active Representatives and an unexpected increase in bad debt expense."
Coty cites 2017 as being a transitional year as it just completed a successful merger with P&G Beauty Business.
The company states it will use the net proceeds of the senior notes to help support general corporate purposes.
"We feel good about our strong sales results to date and look forward to continued top line momentum in the second half of the fiscal year supported by our upcoming new product launches."
Sally Beauty Holdings has released the fiscal 2017 first quarter results as well a restructuring plan for the company that includes a variety of organizational efficiency initiatives and cost reduction opportunities.
There will be no changes to the business operations or to the directors and executive officers as a result of the reorganization, according to the company.
Organic sales and volume increased in all five business segments, which include beauty, grooming, health care, fabric & home care and baby, feminine and family care.
Prestige fragrance sales were 16 percent higher the week before Christmas 2016 than the same week in 2015.
"Beauty segment sales declined in line with our guidance, but reflected a sequential improvement from the second quarter."
Stefano Pessina, executive vice chairman and CEO of Walgreens Boots Alliance, said, “Overall we are pleased with the progress this quarter, with results in line with our expectations.