Coty Targets Portfolio Growth by 2028, Focuses on Innovation and Brand Investment Amid Gucci License Transition

US stocks fell as Treasury yields rose, with Walmart's disappointing earnings dragging down consumer sectors. Walmart shares dropped 9.2%, and retailers like Costco and Dollar Tree also declined. Rising oil prices and inflation concerns added to market pressure. The Dow, S&P 500, and Nasdaq all closed lower, with consumer staples and discretionary sectors among the weakest performers.

Coty Inc. reported a fiscal 2026 net loss of $604.8M, with revenue declining 2% to $5.81B. The loss was attributed to lower gross profit, higher asset impairments, and increased amortization. The company plans to exit the Gucci Beauty license, with $400M from the exit allocated to debt reduction and core brand investment.

Coty (COTY) shares fell 10% after missing Q4 2026 earnings expectations, reporting a $0.02 loss per share on $1.3B sales. The company cited Middle East conflict for weak sales. CEO Markus Strobel highlighted sales and profit targets, but GAAP losses worsened to $0.16 per share. Coty aims to reduce debt and focus on core brands, expecting $300M in positive free cash flow in fiscal 2027.

Walmart (WMT) fell 9% as Q2 revenue beat estimates but same-store sales and EPS guidance missed. Deere (DE) rose 9% after Q3 earnings and revenue topped estimates, raising full-year guidance. Webull (WB) gained 4% with Q2 adjusted operating income and revenue beating expectations. Crypto-related stocks like Coinbase (COIN) and Mara Holdings (MARA) climbed 7-12% following Bitcoin and Ether's surge. Moderna (MRNA) plunged 25% after a 177% gain, as trial results for a skin cancer vaccine were met w

Coty Inc. reported Q4 2026 revenue growth of 1% YoY to $1.27B, with Prestige division sales up 1% to $771.8M. Full-year revenue declined 2% to $5.81B. The company cited a 1% headwind from Middle East conflict. Coty plans strategic changes, including portfolio simplification and cost savings, and expects Q1 2027 LFL revenue to decline in low- to mid-single digits.

Coty (NYSE: COTY) reported Q2 CY2026 revenue of $1.27B, up 1.3% YoY, but a non-GAAP loss of $0.02 per share, missing estimates. Management focuses on market share growth, SKU reduction, and cost discipline. The stock is down to $2.84.