Global beauty company Coty reinstated its annual profit target on Tuesday despite a widened net loss of $411.4 million. Interim CEO Markus Strobel projected 2026 adjusted earnings per share of 33 to 35 cents, surpassing analyst estimates, driven by cost-cutting and strong performance from premium labels Marc Jacobs and Kylie Cosmetics. Revenue of $1.28 billion edged past expectations, though the Middle East conflict is expected to weigh 2% to 3% on Q4 sales. Coty is nearing completion of a strategic portfolio review that may result in the sale of its consumer beauty brands.

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