Coty Reports Weak Quarterly Profit, Withholds Annual Guidance Amid Transition Year
On August 19, 2026, Coty Inc. (NYSE:COTY) reported a fiscal fourth-quarter net revenue of $1.27 billion, up 1.3% year-over-year and ahead of analyst expectations for a decline. However, like-for-like revenue fell by 1%, marking the seventh consecutive quarterly drop but the smallest in 18 months. Adjusted loss per share narrowed to 2 cents from 5 cents, yet still missed estimates. Coty withheld full-year guidance due to ongoing challenges and labeled fiscal 2027 a 'transition year' following its exit from managing Gucci's fragrance business. Despite beating revenue expectations, the lack of annual forecasts led to an immediate market reaction: shares fell by 7% in extended trading. The company highlighted structural cost savings under its
Tickers: $EL
Topics: beauty industry guidance withdrawal revenue performance