Coty Reports Solid Q1 Growth Fueled by Prestige Fragrances, Outperforming Beauty Market
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Coty Inc. reported solid growth in Q1 FY2025, driven by prestige fragrances, outperforming the beauty market. The company saw a 2% increase in net revenues despite a 1% FX headwind.
November 06, 2024 | 9:45 pm
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Coty Inc. reported a 2% increase in net revenues for Q1 FY2025, driven by strong performance in prestige fragrances, despite a 1% FX headwind.
Coty's reported revenue growth and strong performance in prestige fragrances indicate positive business momentum. The ability to grow despite FX headwinds suggests resilience and effective strategy execution, likely boosting investor confidence and short-term stock price.
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