Coty Q4 2024 earnings are in: Revenue was $1.36 billion.
, chief executive officer Sue Nabi said while prestige fragrance is still the “queen” category with booming sales of Burberry Goddess, Marc Jacobs Daisy Wild“The famous fragrance index is continuing to be fully at play, not only in the U.S., but around the world. It’s the case in Europe. It’s the case in emerging markets. Everyone is falling in love with fragrances like never before,” she said.“But we are also igniting growth engines for the future. I’m thinking about prestige color cosmetics.
The fourth quarter, however, came in a touch below Wall Street expectations. Net revenue for the three months ended June 30 was $1.36 billion, versus analysts’ estimates of $1.37 billion, per Factset. Prestige net revenue was flat in the fourth quarter.
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