Stock Track | Coty Plunges 13.02% Post-Market After Withdrawing Guidance and Forecasting Weak Q3 Results

Stock Track

Feb 06

Coty's stock plummeted 13.02% in post-market trading on Thursday, following the release of its second-quarter fiscal 2026 results and a significant strategic update from its new leadership.

The beauty products maker withdrew its full-year financial guidance, citing a complex market backdrop and ongoing leadership transition. New interim CEO Markus Strobel described the company's financial performance over the past 18 months as "disappointing" and announced a new strategic framework called "Coty. Curated" to drive sharper focus on core brands.

Coty forecast third-quarter adjusted EBITDA to fall to $100-$110 million, well below analysts' average expectation of $201.6 million. The company also expects like-for-like revenues to decline by a mid-single-digit percentage in Q3, primarily due to weakening trends in its Consumer Beauty division, with gross margins anticipated to drop 200-300 basis points year-over-year.

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New interim CEO Markus Strobel described the company's financial performance over the past 18 months as \"disappointing\" and announced a new strategic framework called \"Coty. Curated\" to drive sharper focus on core brands.</p><p>Coty forecast third-quarter adjusted EBITDA to fall to $100-$110 million, well below analysts' average expectation of $201.6 million. The company also expects like-for-like revenues to decline by a mid-single-digit percentage in Q3, primarily due to weakening trends in its Consumer Beauty division, with gross margins anticipated to drop 200-300 basis points year-over-year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COTY","symbol_name":"科蒂","start_time":0,"source_url":"","article_id":"1151379253","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151379253","pubTimestamp":1770340397,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Coty's stock plummeted 13.02% in post-market trading on Thursday, following the release of its second-quarter fiscal 2026 results and a significant strategic update from its new leadership.The beauty...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COTY":"科蒂"},"translate_title":"个股追踪|撤回指引并预测Q3业绩疲弱后科蒂盘后暴跌13.02%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COTY":1},"content_text":"Coty's stock plummeted 13.02% in post-market trading on Thursday, following the release of its second-quarter fiscal 2026 results and a significant strategic update from its new leadership.The beauty products maker withdrew its full-year financial guidance, citing a complex market backdrop and ongoing leadership transition. 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