Coty reported slower growth for Q1 FY2025, with preliminary results indicating a 4% to 5% YoY revenue increase, falling short of the expected 6%. This slowdown is due to tighter inventory management by retailers in key markets like the USA, Asia travel retail, Australia, and China, impacting sell-in versus sell-out. Despite strong growth in other regions, Coty anticipates moderate growth in Q2 due to cautious retailer behavior and a weakening US market, with expected acceleration later in the year from new product launches. EBITDA is projected to be flat to moderately lower YoY, and the company is ramping up cost-reduction strategies to exceed a $75 million savings target for FY2025. Coty maintains its forecast for adjusted EBITDA growth of 9% to 11% YoY.