Coty Withholds Forecasts Amid Transition
Coty withheld its annual outlook and forecast weak quarterly profit as fiscal 2027 begins. Shares fell seven percent in extended trading following the announcement.
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Xurve View
COTY INC-CL A forecast current-quarter earnings below expectations and withheld its annual outlook during Wednesday afternoon trading. Shares fell 7% in extended trading following the announcement. The shortfall comes as the beauty giant navigates a self-declared transition year marked by cost cuts and brand restructuring.
