Coty restores profit outlook despite regional headwinds
Coty reinstated its annual profit target Tuesday as cost cuts offset sales disruptions in the Middle East. The firm projected 2026 earnings above estimates.
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COTY INC-CL A reinstated its 2026 profit target on Tuesday, forecasting adjusted EPS between $0.33 and $0.35. The guidance exceeds LSEG analyst estimates of $0.27 despite a 1.4% revenue hit from Middle East conflict disruptions. Investors are weighing aggressive cost-cutting and premium brand growth against a potential sale of the consumer beauty division.
