Coty Inc. (COTY) News
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COTY News Highlights
- For COTY, its 30 day story count is now at 17.
- Over the past 21 days, the trend for COTY's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- The most mentioned tickers in articles about COTY are ELF, SKIN and BEN.
Latest COTY News From Around the Web
Below are the latest news stories about COTY INC that investors may wish to consider to help them evaluate COTY as an investment opportunity.
These are the cosmetics stocks with the best value, fastest growth, and best performance for Q4 2022.
NEW YORK, September 26, 2022--Coty Expands Partnership With Cruelty Free International
Sales jumped at Cheerios maker General Mills as more people look to save money eating at home, while profit fell roughly 16% at eatery chain Darden Restaurants The parent of Olive Garden has been hesitant to pass on higher costs for food, beverages and labor to its customers. General Mills shares gained 5.7% Wednesday. The Wall Street Journal reported that social-media giant Meta plans to cut expenses by at least 10% and started quietly nudging out employees.
Coty Inc. said it expects to double its skin care revenue in the next three years by focusing on its prestige brands and continuing to increase sales in China. Sue Nabi, chief executive officer of Coty (NYSE: COTY), said revenues are on track to reach $500 million to $600 million by fiscal year 2025. “We have begun our skincare revolution in Hainan and mainland China, where we are already seeing proof that our brands, formulations, and communication can win over consumers,” Nabi said.
COTY is seeing solid beauty demand in the near term, pushing management to raise its first-quarter fiscal 2023 view. It expects to double skincare revenues by fiscal 2025.
Coty Inc. said it expects to double its sales of skin-care products in coming years, a goal the beauty company has kicked off by homing in on consumers in China.
Beauty Stocks Like Coty, Estee Lauder Are Flying, But This Analyst Has Sights Set On The 'Best Performer'
Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on the shares of elf Beauty Inc (NYSE: ELF) and raised the price target to $46 from $42, implying a 14% upside. ELF remains the analyst's preferred SMID cap pick, with recent U.S. scanner data confirming potential fundamental upside near-term and driving higher estimates/price target. Also Read: Elf Beauty Outperforms Peers: Expect 16% Sales Growth In Fiscal 2023, Analyst Says ELF momentum is being driven by its market share g
By Liz Moyer
Coty Inc (NYSE: COTY) expects to double its skincare revenues from FY22 to FY25, with further acceleration in FY26 and beyond. The outlook includes 6% - 8% LFL sales growth, adjusted EBITDA growth of 9% - 11% and a low 20s EPS CAGR through FY25. Sue Y. Nabi, CEO of Coty, said, "Coty's skincare portfolio is one of the most exciting growth areas in our business, with revenues on track to double to $500M-600M by FY25." The company has raised its first-quarter FY23 LFL sales growth outlook to 8% - 9
Yahoo Finance Live anchors discuss stock performance for Coty as the company raises its sales forecast with plans to double skincare sales to $500 million to $600 million by 2025.