{"id":152249,"date":"2024-11-07T14:48:49","date_gmt":"2024-11-07T13:48:49","guid":{"rendered":"https:\/\/luxus-plus.com\/coty-shows-resilience-in-the-first-quarter-of-its-2024-2025-fiscal-year\/"},"modified":"2024-11-07T22:59:38","modified_gmt":"2024-11-07T21:59:38","slug":"coty-shows-resilience-in-the-first-quarter-of-its-2024-2025-fiscal-year","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/coty-shows-resilience-in-the-first-quarter-of-its-2024-2025-fiscal-year\/","title":{"rendered":"Coty shows resilience in the first quarter of its 2024-2025 fiscal year "},"content":{"rendered":"

The American group outperformed its rival Est\u00e9e Lauder between July and September. In decline, the Asian market, and therefore the Chinese market, only accounts for 11% of sales.<\/h4>\n

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Coty<\/strong><\/b> continues to prove resilient in a challenging beauty market.<\/p>\n

After closing the 2023-24 financial year with double-digit sales growth,the American group closed the first quarter of its offbeat financial year at the end of September with a respectable result.<\/strong><\/b><\/p>\n

Owner of numerous fragrance, make-up and cosmetics brands and licenses (Bourjois, Lancaster, Burberry, Chlo\u00e9, Hugo Boss..<\/strong><\/b>. ), the group has just announced net sales<\/strong><\/b> of $1.671 billion, up 2% on a reported basis.<\/strong><\/b> This \u201ctakes into account a 1% unfavorable currency effect and a 1% effect from the disposal of the Lacoste license.\u201d<\/strong><\/b><\/p>\n

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Better than L’Or\u00e9al and Est\u00e9e Lauder<\/h2>\n

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On a like-for-like basis, growth was 4.5%,<\/strong><\/b> \u201cdespite the very high comparison with<\/strong><\/b> the previous year\u201d, during which Coty’s like-for-like sales rose by 18%…<\/p>\n\n<\/p>\n

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