Coty Q2 Revenues Slide 3%: Raises Profit Forecast with Demand Resilient, Plans a New Price Increase

2月 10, 2023

February 8, New York-based beauty company Coty announced its results for the second quarter of fiscal year 2023, which ended December 31, 2022. Despite significant industry-wide constraints in key fragrance components, the company continued to deliver strong financial results, maintaining progress across its strategic growth pillars.

Besides, in the first half of 2023, LFL sales growth for the core business surpassed the Company’s 1H23 guidance of +6-8% LFL growth, adjusting for the impact of the Russia exit.
During the quarter, consumer demand for beauty products, particularly …