Coty Unveils Preliminary Q1 Results, Outlines Cost-Saving Initiatives

Coty Inc. (COTY) , a major player in the global beauty industry, shared its preliminary results for the first quarter of fiscal 2025, reiterating its optimistic adjusted EBITDA growth forecast. The company is ramping up its cost-reduction efforts across all areas to enhance savings. The global beauty market has shown solid growth, yet the growth rates have dipped slightly. The prestige fragrance segment is thriving, driven by increases in both volume and pricing strategies. In contrast, the mass beauty cate ...