Coty misses quarterly revenue estimates
ReutersFeb 10, 2025 9:08 PM
Feb 10 (Reuters) - Coty COTY.N missed estimates for second-quarter revenue on Monday, on slowing demand for its cosmetics in the United States and tighter inventory management by retailers and department stores.
The company's quarterly net revenue fell to $1.67 billion from $1.73 billion. Analysts on average had estimated sales of $1.72 billion, according to data compiled by LSEG.
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