prestige beauty news and archive

Coty's Q3 LFL revenues up by 10 percent, beat forecast

Coty’s third quarter net revenues grew 8 percent to 1,386 million dollars on a reported basis and 10 percent on a LFL basis supported by growth in fragrances, colour cosmetics, skin care and body care. These results trended above the company's guidance of 6 to 8 percent LFL for the second half of FY24. On a year-to-date basis, net revenues grew...

BusinessFeatured

Coty raises outlook on strong Q1 results

Coty recorded net revenues of 1,641.4 million dollars, up 18 percent as reported and like-for-like driven by a 22 percent like-for-like increase in Prestige and a 10 percent like-for-like increase in consumer beauty. Given Coty's strong first quarter, the Company now expects FY24 like-for-like revenue growth of 9 to 11 percent, ahead of its...