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Coty Stock Slumps 24% in 3 Months: What's Next for Investors?
COTYCoty(COTY) ZACKS·2024-12-20 14:20

Coty Inc. (COTY) continues to adjust to a shifting landscape, as the exceptional growth in the beauty market over the recent years transitions to a more stabilized phase. Amid this shift, the company is battling several headwinds, from rising operational costs to struggles in key international markets.As a result, the stock fell 24.8% over the past three months, underperforming both the broader industry and the Zacks Consumer Staple sector, which saw declines of 14.7% and 7.5%, respectively. In contrast, th ...