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Coty reports surprise revenue gain and flags fiscal 2027 as transition year

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Sig2.55Sen+2.65Env0.00Soc0.00Gov0.00

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.

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