Coty Reports Q4, FY 2024 Results, Strong FY25 Guidance: Details
Portfolio Pulse from Erica Kollmann
Coty Inc. reported Q4 and FY 2024 results, missing analyst estimates for both earnings and sales. Despite this, the company showed growth in Prestige and Consumer Beauty revenues. Coty provided strong guidance for FY 2025, expecting significant free cash flow and earnings per share growth.
August 20, 2024 | 9:43 pm
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Coty Inc. reported Q4 and FY 2024 results that missed analyst expectations, with losses per share and lower-than-expected sales. However, the company showed growth in key segments and provided strong guidance for FY 2025, indicating potential future growth.
Coty's Q4 and FY 2024 results missed expectations, which could initially pressure the stock. However, the growth in Prestige and Consumer Beauty segments and strong FY 2025 guidance with expected EPS and cash flow growth could lead to a positive outlook, supporting a potential stock price increase.
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