Published on 8 Feb 2024 on Zacks via Yahoo Finance
COTY Q2 Earnings & Revenues Top Estimates on Solid Beauty Market
Coty Inc. COTY posted strong second-quarter fiscal 2024 results, as the top and bottom lines increased year over year and cruised past the Zacks Consensus Estimate. Revenues grew across all categories and regions.Results gained from Coty’s brand strength, along with robust momentum in the global beauty market despite geopolitical and macroeconomic challenges. This highlights consumers' enduring preference for beauty as a vital part of their well-being. Consumers’ demand for fragrances, cosmetics and skincare products and their engagement in both physical stores and online have been a driver.Coty's impressive portfolio of brands and industry-leading capabilities help the company undertake relevant innovations that not only meet consumers' expectations but also boost their desire for beauty products. Apart from this, the company’s All In To Win Savings program has been yielding positively, generating more than $660 million worth of savings to date.
Coty Price, Consensus and EPS Surprise
Coty price-consensus-eps-surprise-chart | Coty Quote