Coty misses by $0.06, beats on revs (4.86 -0.03)
- Reports Q4 (Jun) loss of $0.05 per share, excluding non-recurring items, $0.06 worse than the FactSet Consensus of $0.01; revenues fell 8.1% year/year to $1.25 bln vs the $1.21 bln FactSet Consensus.
- "Consumer demand for beauty continues to grow at a solid pace, with ongoing fragrance category outperformance, even as retailers are acting with caution in the current environment. Coty is perfectly positioned to win, as the only global fragrance player actively targeting both the high and low price tiers, playing into the booming 'treatonomics' trend where consumers look for a mood-boost in the highly uncertain economic backdrop. In fact, we are already succeeding on both ends of the fragrance market, delivering LFL sales growth in FY25 of +9% in Ultra-Premium fragrances, +2% in Prestige fragrances and +8% in Consumer Beauty fragrances."