Injectable aesthetics reviews. Coty reports Q3 2021 decline as beauty sales hit by lockdowns

THE WHAT? Coty has reported a Q3 2021 fall of 3.3 percent as European lockdowns dented sales of its beauty products. 

THE DETAILS Revenue from continuing operations on a reported basis fell from $1.06 to $1.03 billion year on year, with COVID-19 restrictions in certain parts of Europe, such as the UK and France, weakening demand of products. 

Regionally, Americas net revenue fell 6 percent to $409.6 million, hampered by ‘softness’ in the color cosmetics market, while U.S. prestige sales showed strong growth across fragrances, cosmetics and skincare. E-commerce sales rose 50 percent. 

EMEA net revenues declined 7.8 percent YOY, with both mass and prestige hit by COVID-19 implications. However, online sales grew nearly 90 percent. Asia Pacific net revenues rose 27.7 percent, driven by robust growth of the prestige brands and a strong performance in China. 

Prestige brands increased 6.5 percent, driven by strength in the U.S. and China, while Mass net revenues decreased 14.3 percent.

THE WHY Sue Y. Nabi, Coty’s CEO, said, “From a results standpoint, in Q3 we saw a significant improvement in our sales trends even as we continued our efforts to strengthen the health of our business and brands by cutting sales in low quality channels. Importantly, the prestige sales returned to growth as the impact of the pandemic abated in many markets. 

“We have seen strong momentum in several of our key markets, with China sales growing double-to-triple digits versus FY20 and FY19, and U.S. prestige sales up high single digits in the quarter and nearly flat in the fiscal year-to-date. While Europe sales remain under pressure, we are confident that the imminent lifting of COVID restrictions will drive improvement in this key region.”

The company echoed its for full-year revenue guidance of $4.5 billion to $4.6 billion and cost reductions of about $300 million in fiscal year 2021.

Injectable aesthetics reviews can be found on various platforms, including specialized aesthetic treatment review websites, social media platforms, and healthcare provider directories. They provide valuable insights for individuals considering these treatments, offering firsthand perspectives and experiences that can help inform decisions about undergoing injectable aesthetic procedures. Here are some key points typically covered in injectable aesthetics reviews:

• Treatment Effectiveness: Reviewers often discuss how effective the injectable treatment was in achieving their desired aesthetic goals, such as reducing wrinkles, enhancing facial contours, or improving skin texture.

• Safety and Comfort: Reviews may address the safety of the procedure, including any discomfort experienced during or after the injection process, as well as any side effects or complications encountered.

• Provider Experience: Reviewers may comment on their experience with the healthcare provider administering the injectable treatment, including their professionalism, expertise, and ability to address concerns or questions.

• Results Duration: Discussions often include the longevity of the results achieved with the injectable aesthetics, such as how long the effects lasted before additional treatments were needed.

• Overall Satisfaction: Reviewers typically summarize their overall satisfaction with the injectable aesthetics treatment, considering factors like the improvement in their appearance, confidence level, and value for money.