Coty lowered its Q1 like-for-like sales growth estimate to between 4% and 5%, down from a previous forecast of 6%, due to a slowdown in key markets like the US, Australia, and China. This revision, driven by tight inventory and order management from retailers, caused a 6% drop in Coty’s shares during after-market trading. Despite this, Coty expects moderate growth in Q2 with acceleration in the latter half of the year.