COTY's Q2 Earnings Miss, Lower Revenues Across Segments Hurt
In the fiscal second quarter, Coty delivered adjusted earnings of 11 cents per share, which missed the Zacks Consensus Estimate of 22 cents. Also, the bottom line declined from earnings of 25 cents per share reported in the year-ago quarter.
Coty misses quarterly revenue estimates on slowing demand for cosmetics
Coty cut its annual profit forecast on Monday after missing second-quarter revenue estimates on Monday, as it grapples with slowing demand for cosmetics in the United States and a tighter control of beauty inventory by retailers.
Coty (NYSE:COTY) faces sales challenges from weak China demand and a beauty market slowdown, but strong fragrance growth ...
Despite these challenges, Coty's Q2 adjusted gross margin improved year-on-year by up to 170 basis points, with operating ...
And despite strong sell-out in Coty’s prestige fragrances like Burberry Goddess, overall prestige net revenue decreased 1 ...
DA Davidson lowered the firm’s price target on Coty (COTY) to $12 from $12.50 and keeps a Buy rating on the shares. The company reported a Q2 ...
Coty on Monday cut its annual profit forecast and posted a surprise drop in quarterly revenue, as it faces slowing demand for ...
Coty's shares face selling pressure after Q2 results miss expectations, but the company anticipates margin expansion and EPS ...
Stifel analyst Mark Astrachan lowered the firm’s price target on Coty (COTY) to $8 from $8.50 and keeps a Hold rating on the shares after the ...
Coty reduced its annual profit forecast due to decreased demand for cosmetics amid inflation concerns, leading shares to fall ...
Coty launched its new Chloé fragrance, Nomade Lumière d’Egypte Eau de Parfum in global travel retail on 1 February. Since ...
In a report released today, Linda Bolton Weiser from D.A. Davidson maintained a Buy rating on Coty (COTY – Research Report), with a price ...
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