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NEW YORK--(BUSINESS WIRE)--Regulatory News: Coty Inc. (NYSE:COTY) (Paris:COTY) ("Coty" or "the Company") today announced its results for the full fiscal year 2024 and the fourth quarter, ended June 30, 2024. The Company delivered its fourth year of results ahead of or in-line with expectations, while consistently executing across its strategic growth pillars. In FY24, total net revenues grew 10% on a reported and 11% on a LFL basis, at the upper end of Coty's FY24 guidance range of +9% to +11%.
COTY's fiscal fourth-quarter performance is likely to reflect gains from momentum in the global beauty market. However, a rising cost environment might be a hurdle.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Coty (COTY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY) -- IT'S SHOWTIME! Sally Hansen® is launching a nail polish collection in partnership with Warner Bros. and the creative team behind “Beetlejuice Beetlejuice,” the hugely anticipated follow-up to the cult classic movie, in theaters September 6, 2024.
The Zacks Cosmetics industry is grappling with elevated inflationary pressures. Coty, Inter Parfums (IPAR), Waldencast (WALD) and Olaplex (OLPX) are capitalizing on digital advancements and innovative strategies.
Coty (COTY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
For the last two years, investors in consumer staples stocks saw every tiny step forward smacked down by two large steps back. Therefore, the 900+-point gain in the Dow Jones Industrial Average (DJIA) the week of July 15 was noteworthy.
COTY is one of the world's largest beauty companies, with a portfolio of well-known brands. Its historical financials have shown robust top-line growth and adjusted EBITDA margin over the past 3 years. It continued to report revenue growth in 3Q24, driven by both segments. The company is focused on accelerating its prestige division to capture the high-growth prestige beauty market and drive overall growth.
COTY benefits from a focus on strategic growth pillars and strong partnerships. However, challenges from a high-cost operating environment are a concern.
Through the first half of 2024, you couldn't blame investors for having a sense of deja vu. Technology stocks, and particularly AI stocks, are where the alpha has been for growth-oriented investors.