Coty cuts annual profit forecast, posts quarterly revenue drop as cosmetics demand slows
Coty on Monday cut its annual profit forecast and posted a surprise drop in quarterly revenue, as it faces slowing demand for cosmetics from consumers who have reined in spending because of inflationary worries.
Coty (NYSE:COTY) Misses Q4 Revenue Estimates
Beauty products company Coty (NYSE:COTY) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 3.3% year on year to $1.67 billion. Its non-GAAP profit of $0.11 per share was 47.
Coty Misses Quarterly Revenue Estimates
The company's quarterly net revenue fell to $1.67 billion from $1.73 billion. Analysts on average had estimated sales of $1.72 billion, according to data compiled by LSEG. (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Anil D'Silva)
Coty misses quarterly revenue estimates on slowing demand for cosmetics
Coty cut its annual profit forecast on Monday after missing second-quarter revenue estimates on Monday, as it grapples with slowing demand for cosmetics in the United States and a tighter control of beauty inventory by retailers.
Coty (COTY) Q2 Earnings and Revenues Miss Estimates
Coty (COTY) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.
Coty’s Sales Decline in Q2 Amid Weak Demand in Asia and Tight Inventory Management Despite Strong Fragrance Performance
And despite strong sell-out in Coty’s prestige fragrances like Burberry Goddess, overall prestige net revenue decreased 1 ...
Coty's margin expansion offsets FX-impacted sales and profits
Coty's shares face selling pressure after Q2 results miss expectations, but the company anticipates margin expansion and EPS ...
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Coty (COTY) Reports Q4: Everything You Need To Know Ahead Of Earnings
Beauty products company Coty (NYSE:COTY) will be announcing earnings results tomorrow after the bell. Here’s what you need to ...
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Coty Stock Falls Ahead of Q2 Earnings: Retail Sentiment Downbeat
Shares of Coty Inc. ($COTY) have fallen 5.19% in the past week, ahead of the beauty products company’s second-quarter ...
Coty cuts FY25 EPS view to 50c-52c from 54c-57c, consensus 51c
The company said, “Given the complex retail demand environment, Coty (COTY) now assumes a broadly similar market environment entering FY26.
Coty: The Inflection Is Near As The Industry Rebounds
Coty excels in prestige brands, driving growth and better margins, but faces challenges in consumer beauty brands. Read why I'm bullish on COTY stock.
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After-hours movers: Coty, SelectQuote, Harmonic, Lattice Semi and more
Harmonic (NASDAQ: HLIT) fell 31% after providing disappointing guidance. The company sees FY 2025 EPS of $0.43-$0.68, versus the consensus of $0.87. It sees FY 2025 revenue of $585-$645 million, ...
Coty options imply 7.1% move in share price post-earnings
Pre-earnings options volume in Coty (COTY) is 12.5x normal with calls leading puts 9:7. Implied volatility suggests the market is anticipating ...
Top Fragrance Maker Coty Says Price Hikes Are Slowing
The cosmetics company behind the Burberry Goddess and Hugo Boss fragrances says it’s pulling back on significant price hikes.