Coty Inc
- Coty Inc. dropped 2.4% to $6.61 after the cosmetics company reported slower sales in the second quarter of fiscal 2025 ending in December.
Revenue declined to $1.67 billion from $1.73 billion, net income fell to $23.7 million from $180.9 million, and earnings per diluted share dropped to 2 cents from 20 cents a year ago.
Sales in the company’s Prestige segment decreased 1% to $1.12 billion from $1.23 billion, and in Consumer Beauty revenue was down 8% to $553.8 million from $605.0 million a year earlier.
In the first half of 2025, the Europe, Middle East, and Africa region represented 49% of total sales, the Americas stake was 40%, and Asia Pacific took a 40% share.
In full year 2025, the company estimated declining sales in the low single digits percentage, impacted by a weakness in China and Travel Retail Asia.
The company expects same-store sales in the second half of 2025 to drop between 1% and 2%.
Feb 11, 2025
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