Coty cuts annual profit forecast
ReutersMay 6, 2025 8:34 PM
May 6 (Reuters) - CoverGirl parent Coty COTY.N cut its annual profit forecast on Tuesday, signaling soft demand for cosmetics in the U.S. in the face of inflationary pressures.
The company expects 2025 per-share profit to be between 49 and 50 cents, compared with its prior forecast of 50 to 52 cents.
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