Coty Sees Weak Quarterly Profit, Withholds Annual Forecasts in “Transition Year”
Coty Inc. reported fiscal Q4 net revenue of $1.27B, up 1.3% and beating estimates, but like-for-like revenue fell 1%. Adjusted loss per share narrowed to 2 cents, missing expectations. The company withheld annual forecasts, citing a 'transition year' due to the Gucci exit. Shares dropped 7% in extended trading. Coty highlighted cost savings and improved free cash flow.






