Stock Track | Coty Plummets 16.98% Intraday After Q2 Loss and Full-Year Guidance Withdrawal

Stock Track

Feb 06

Coty Inc.'s stock plummeted 16.98% during intraday trading on Friday, reflecting a sharp decline in investor confidence.

The movement follows the beauty products maker's report of a swing to a second-quarter loss, with adjusted earnings per share missing analysts' expectations. The company subsequently withdrew its full-year financial guidance, citing weak consumer beauty trends, a difficult industry backdrop, and an ongoing leadership transition.

Interim CEO Markus Strobel described the company's recent financial performance as disappointing. Coty anticipates a mid-single-digit percentage decline in like-for-like revenue for the current quarter, primarily due to weakness in its Consumer Beauty division, as it implements a new strategic framework.

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The company subsequently withdrew its full-year financial guidance, citing weak consumer beauty trends, a difficult industry backdrop, and an ongoing leadership transition.</p><p>Interim CEO Markus Strobel described the company's recent financial performance as disappointing. Coty anticipates a mid-single-digit percentage decline in like-for-like revenue for the current quarter, primarily due to weakness in its Consumer Beauty division, as it implements a new strategic framework.</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":"1190104415","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190104415","pubTimestamp":1770392966,"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 Inc.'s stock plummeted 16.98% during intraday trading on Friday, reflecting a sharp decline in investor confidence.The movement follows the beauty products maker's report of a swing to a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COTY":"科蒂"},"translate_title":"个股追踪|Q2亏损撤销全年指引后科蒂盘中暴跌16.98%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COTY":1},"content_text":"Coty Inc.'s stock plummeted 16.98% during intraday trading on Friday, reflecting a sharp decline in investor confidence.The movement follows the beauty products maker's report of a swing to a second-quarter loss, with adjusted earnings per share missing analysts' expectations. 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