Coty shares fall after fourth-quarter EPS miss despite $1.27 billion revenue beat

Coty reported fiscal fourth-quarter revenue of $1.27 billion, up 1.3% and above the $1.19 billion analyst estimate, but its adjusted loss of 2 cents per share missed the 1-cent consensus estimate. The company posted a net loss of $141 million, or 16 cents per share, while adjusted EBITDA reached $93.6 million, ahead of the $88.86 million estimate. Shares fell 6.93% to $2.82 in extended trading and 7.7% to $2.80 in premarket trading in separate reports. Organic revenue declined 1%, operating margin swung to negative 3.4% from positive 1.2% a year earlier, and Coty guided first-quarter adjusted EPS to 11 cents to 13 cents, below the 14-cent analyst estimate. Coty said beauty demand remained resilient but consumers were more selective, estimated that the Middle East conflict reduced revenue by about 1%, and said the early return of its Gucci Beauty license to Kering would reduce fiscal 2028 sales and profit. Fiscal 2027 is expected to be a transition year under the "Coty. Curated." strategy and a strategic review that could lead to the sale of CoverGirl and Rimmel.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.