Coty Inc. (NYSE:COTY) has increased its FY24 forecasts following the successful debut of its Burberry Goddess scent and other releases. The company now expects core LFL sales growth in the first half of FY24 of +10-12%, up from the previous +8-10%. Coty continues to target modest gross margin expansion in FY24 and adjusted EBITDA of approximately $1.075 billion-$1.085 billion. The company's shares are trading higher by 5.48% premarket at $12.10.