Citi Reiterates Neutral Rating on Coty Inc. (COTY)

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Go back to Citi Reiterates Neutral Rating on Coty Inc. (COTY)

Coty Announces Preliminary First Quarter Results and Reiterates FY25 Adjusted EBITDA Outlook for +9-11% YoY Growth, Supporting Stronger EBITDA Margin Expansion

October 14, 2024 4:30 PM EDT

NEW YORK--(BUSINESS WIRE)-- Regulatory News:

Coty (NYSE: COTY) (Paris: COTY), one of the worlds largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, today announced preliminary Q1 results while reiterating its full year profit target.

The global beauty market has maintained solid but slightly lower global growth. Within this backdrop, the prestige fragrance category continues to outperform, supported by expansion in both volumes and price/mix, while mass beauty continues to experience slower growth... More