COTY's Q1 Earnings & Sales Miss as Chinese Mainland Struggles Persist
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COTY's Q1 earnings and sales were below expectations due to ongoing struggles in the Chinese mainland, Asia Travel Retail, and the U.S. mass cosmetics market, despite overall higher sales and earnings.
November 07, 2024 | 4:45 pm
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COTY's Q1 earnings and sales fell short of expectations due to difficulties in the Chinese mainland, Asia Travel Retail, and U.S. mass cosmetics, despite an overall increase in sales and earnings.
COTY's Q1 results were negatively impacted by persistent challenges in key markets, including the Chinese mainland and U.S. mass cosmetics. These issues outweighed the overall increase in sales and earnings, leading to a short-term negative impact on the stock price.
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