Results for: Coty

Coty Inc. (COTY) shares took a hit today after the company reported weaker-than-expected preliminary first-quarter results, with sales growth coming in below earlier estimates. While the company highlighted strong performance in prestige fragrances, it acknowledged slowing growth in the mass beauty segment and a cautious retail environment. As a result, Coty plans to re-accelerate cost-cutting initiatives and expects moderate second-quarter sales growth, but anticipates a rebound in the second half.

Coty Inc. (COTY) reported its fourth-quarter and fiscal-year results, falling short of analyst expectations on both earnings and revenue. Despite the miss, Coty remains optimistic about the future, citing strong growth in prestige and consumer beauty segments. The company forecasts significant free cash flow growth and increased earnings per share in the coming year.

Ulta Beauty’s recent warning sent shockwaves through the beauty industry, prompting a sell-off in related stocks. However, analysts believe that certain companies may still offer compelling investment opportunities despite the downturn.