Coty reports Q4 adjusted EPS (3c), consensus 4c

Reports Q4 revenue $1.36B, consensus $1.38B. Commenting on the operating results, Sue Nabi, Coty‘s CEO, said: “Our FY24 results set a new milestone in Coty’s sustained track record of top-notch execution and market outperformance. In a dynamic macroeconomic backdrop, beauty maintains its privileged position, being neither a consumer goods industry nor a luxury goods industry. Instead, beauty is at the sweet-spot of desire, well-being, self-confidence, affordability, ritual, indulgence, and many new things that we and our consumers will invent. This is what fuels the strong global beauty growth that we continue to see to this day and which we expect to continue for the quarters and years to come.”