Coty's 4Q Sales Slip 1% Like-for-Like; Guides 1Q27 Revenue Down Low-to-Mid Single Digits
COTY sits 67% above its 52-week low of $1.82.
Summary
Coty reported 4Q revenue of $1.27 billion, up 1% on a reported basis, but like-for-like sales declined 1%, with a 1% headwind from Middle East conflict. The company posted a net loss of $141 million, or 16 cents per share, and an adjusted loss of 2 cents per share. Coty sees resilient demand in fragrances and cosmetics, though consumers are becoming more selective. Guidance for 1Q27 calls for like-for-like revenue to decline by a low- to mid-single-digit percentage and adjusted EBITDA to decline by a low-teens percentage. This follows a leadership restructuring and the early termination of the Gucci Beauty license, which brought $400 million and litigation resolution.
At the time of this announcement, COTY was trading at $3.04 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $1.82 to $5.03. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.