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Coty s Premium Fragrances, Cosmetics Launches Drive Quarterly Revenue Beat

Coty s Premium Fragrances, Cosmetics Launches Drive Quarterly Revenue Beat
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

Coty Delivers Strong Q2 and 1H24 Results with Growth Ahead of Beauty Market

Q2 and 1H24 Sales Above Expectations on Strong Beauty Demand and Leading Innovation Strong Expansion in EBITDA and EBITDA Margin Leverage of ~3x Exiting CY23, In-line with Guidance FY24 Financial.

Coty s premium fragrances, cosmetics launches drive quarterly revenue beat

(Reuters) -Coty beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics in the U.S. during the holiday season. The company's newer products such as Burberry Goddess and CoverGirl Clean Fresh Yummy Gloss helped pull in customers in the U.S. compared to bigger rival Estee Lauder, which flagged feeble demand in the country and is doubling down on new launches and reinventing existing products. In the Americas region, Coty's net revenue rose 10% to $687.9 million, accounting for 40% of its total sales.

Coty s premium fragrances, cosmetics launches drive quarterly revenue beat

Coty beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics.

Coty Delivers Strong Q2 and 1H24 Results with Growth Ahead of Beauty Market

Coty Delivers Strong Q2 and 1H24 Results with Growth Ahead of Beauty Market
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