Coty reports surprise revenue gain and flags fiscal 2027 as transition year
Coty posted a surprise increase in fourth-quarter revenue, citing resilient demand for fragrances and cosmetics, though shoppers are becoming more selective. The company expects fiscal 2027 to be a transition year as it reviews strategy and pursues cost cuts. Coty also projects a fiscal 2028 sales hit from its early Gucci Beauty license return to Kering, partially offset by new initiatives.