Coty Raises Q4 & FY23 Outlook On Strong Demand Acceleration
Portfolio Pulse from Lekha Gupta
Coty Inc has raised its Q4 and FY23 outlook due to strong demand growth in most categories and markets. The company increased its Q4 FY23 guidance for revenue growth to +12% to +15% and projects FY23 core revenue growth of 10%-11%. The company also raised guidance for FY23 adjusted EBITDA to $965 million-$970 million. The guidance reflects a negative FX impact of $70 million in FY23. Coty's shares are trading higher by 1.84% at $12.75 premarket.
July 06, 2023 | 10:20 am
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Coty Inc has raised its Q4 and FY23 outlook due to strong demand growth, leading to a premarket increase in its share price.
Coty's raised outlook for Q4 and FY23 indicates strong performance and growth, which is a positive signal for investors. This has led to an increase in its share price in the premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100