COTY's Q1 Earnings & Sales Miss as Chinese Mainland Struggles Persist
Coty(COTY) ZACKS·2024-11-07 16:35
Coty Inc. (COTY) posted first-quarter fiscal 2025 results, with the top and bottom lines increasing year over year but missing the Zacks Consensus Estimate. The macroeconomic environment remains challenging, with the exceptional beauty market growth of recent years transitioning into a more normalized phase. However, consumers prioritize beauty spending, with fragrances remaining a top-performing category in the beauty industry. While Coty faces headwinds in markets like the Chinese mainland, Asia Travel Re ...