Coty is anticipating headwinds in the Middle East business to impact Q4 sales by an estimated 2 to 3 percent, after weight on sales in Q3.
is anticipating headwinds in the Middle East business to impact fourth-quarter sales by an estimated 2 to 3 percent, after weighing on sales in the third quarter. for the third quarter ended March 31 came in at $1.28 billion, a decrease of 1 percent compared with a year ago.
Coty’s like-for-like sales declined 7 percent in the quarter, including an estimated 1.4 percent negative impact from the Middle East, driven by the escalation of the conflict in the region. Patrick Ta on Georgina Rodríguez's Restrained Beauty at the 2026 Met Gala “The region represents a midsingle-digit percentage of total sales, including local travel and retail and given fragrances are a dominant category in the Middle East, we are seeing a more sizable impact on our prestige business.
The disruption to the Middle East region had a larger effect on our near-term trends, because we had anticipated stronger Middle East growth this quarter as the conflict in the Middle East continues,” said Markus Strobel, executive chairman and interim chief executive officer, during an, Coty Curated, detailing a plan for sharper priorities, more focused investments, improved execution, and increased support behind its core businesses.
“We are methodically implementing the Coty Curated strategic framework announced last quarter, centered on sharper priorities, more focused investments, improved execution, and increased support behind our core businesses. We are embedding this framework into our action plans for both divisions, including significantly reducing the number of smaller launches, lowering marketing asset production costs in part through broad-based AI deployment for our owned brands, while increasing consumer engagement spending, and working to simplify our operational model,” he said.
Its consumer brands division is the subject of its strategic review for its mass color cosmetics business, in addition to its operations in Brazil.. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google WWD and Women's Wear Daily are part of Penske Media Corporation. © 2026 Fairchild Publishing, LLC. All Rights Reserved.
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