Coty Beats Q4 Revenue Expectations Despite Gucci Loss, Appoints New CFO

COTY Coty Inc

$4.22 +4.20%

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1. 1Coty surpassed Wall Street's revenue forecast for the fourth quarter even after losing its Gucci Beauty license, closing out the fiscal year.
2. 2Net revenue for the June quarter rose 1% to $1.26 billion; net loss of $144.3 million, compared with $72.1 million a year earlier.
3. 3Gucci signs an exclusive 50-year deal with L'Oréal; Coty rolls out mitigation measures for the impact in fiscal 2028 and appoints a new CFO.

Source The Wall Street Journal +4 · View original ↗

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