Coty Seen Exceeding F3Q Analyst Estimates -- Market Talk

Dow Jones04-16

0948 ET - Coty can beat Wall Street's F3Q revenue and Ebitda estimates when it report results in early May, Citigroup analyst Filippo Falorni says in a research note. Consumer demand for the cosmetics company's brands continues to be robust "with notable strength in recent innovation," says Falorni, despite Ulta Beauty's commentary around a slowdown in the beauty category. "We believe the global prestige beauty category (and particularly fragrances) remains healthy," he adds. The U.S. only represents about 28% of Coty sales, with prestige fragrances globally representing about 55% of total sales. Shares rise 1.2% to $10.63. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 16, 2024 09:48 ET (13:48 GMT)

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The U.S. only represents about 28% of Coty sales, with prestige fragrances globally representing about 55% of total sales. Shares rise 1.2% to $10.63. 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Consumer demand for the cosmetics...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3581.USD","symbol_name":"Legg Mason ClearBridge - Value A Acc USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2427820673","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427820673","pubTimestamp":1713275280,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0948 ET - Coty can beat Wall Street's F3Q revenue and Ebitda estimates when it report results in early May, Citigroup analyst Filippo Falorni says in a research note. Consumer demand for the cosmetics company's brands continues to be robust \"with notable strength in recent innovation,\" says Falorni, despite Ulta Beauty's commentary around a slowdown in the beauty category. \"We believe the global prestige beauty category  remains healthy,\" he adds. The U.S. only represents about 28% of Coty sales, with prestige fragrances globally representing about 55% of total sales. Shares rise 1.2% to $10.63. 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