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Coty reports net loss in Q4

Global fragrance leader Coty reported a nearly 1% revenue increase to $1.36 billion for Q4. The quarter saw an adjusted net loss of $23.9 million, compared to a profit of $5.2 million last year, influenced by Lacoste fragrance sales and cautious inventory management. The company expects fiscal year 2025 adjusted EBITDA to grow by 9% to 11%, reaching $1.19 billion to $1.21 billion. Same-store sales for brands like Burberry and Gucci rose 6%, and consumer beauty brands Rimmel and CoverGirl grew 4%. Regionally, US revenue increased by 10%, EMEA by 1%, and Asia-Pacific by 9%.

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