The American beauty specialist’s sales slowed down very slightly in the first half of the year. Its sales of fragrances in Europe, which were more resilient, did not manage to fully compensate for the decline in cosmetics and in Asia and America.
The clouds are gathering for Coty too.
While the American cosmetics and perfume specialist had still recorded a slight growth in its turnover and had returned to profit in the first quarter of its staggered 2024-25 financial year, it ended the first half, which ended at the end of December, with a slight decline.
A 1% decline in reported turnover
The owner of numerous perfume, make-up and cosmetics brands and licenses (Bourjois, Lancaster, Burberry, Chloé, Hugo Boss, etc.) thus revealed a drop of 1% in published net sales to 3.34 billion dollars for the first six months of its financial year, with a negative impact of 2% due to exchange rates and 1% due to the sale of the Lacoste license.
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Read also > Coty shows resilience in first quarter of 2024-25 financial year
Featured photo: Cosmic by Kylie Jenner © Coty
