Coty Sees Resilient Demand for Beauty Products, More Selective Consumers
Dow Jones
Aug 20
Coty posted 1% reported revenue growth in 4Q, helped by a 3% foreign-exchange benefit. On a like-for-like basis, sales declined 1%, with an estimated 1% headwind from conflict in the Middle East. Consumer demand for beauty remains resilient, with continued growth in fragrances and cosmetics, although consumers are becoming increasingly selective in their purchasing decisions, the company said. Coty expects 1Q27 like-for-like revenue to decline by a low- to mid-single-digit percentage.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.