April 27 (Reuters) - CoverGirl owner Coty Inc (COTY.N) said on Wednesday it would exit its Russia operations, becoming the latest U.S. company to pull out of the country following Moscow's invasion of Ukraine.
Russia accounted for a little more than 3% of Coty's sales in 2021, the company said. In the fiscal year ended June 2021, Coty posted total sales of $4.63 billion.
Coty said it does not expect the move to impact its fiscal 2022 revenue and profit targets, citing the seasonally lower contribution of the Russia business in its fourth quarter.
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