{"id":89301,"date":"2022-08-26T09:51:46","date_gmt":"2022-08-26T07:51:46","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=89301"},"modified":"2022-08-26T09:51:46","modified_gmt":"2022-08-26T07:51:46","slug":"coty-group-results-above-expectations-supported-by-strong-demand","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/coty-group-results-above-expectations-supported-by-strong-demand\/","title":{"rendered":"Coty Group: Results above expectations, supported by strong demand"},"content":{"rendered":"

The cosmetics and perfumery group Coty delivered a turnover above expectations, thanks to a strong demand, especially in the United States.<\/h4>\n

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Coty Group reported fiscal fourth-quarter sales of $1.17 billion, compared with a consensus of $1.15 billion<\/strong>, and sales were up 10 percent from a year earlier. Net loss from continuing operations was $286 million, compared to a $221 million deficit a year earlier. Loss per share was 34 cents, compared with 29 cents in the comparable period last year. Revenues and profits for fiscal year 2023 are expected to grow, “in line with our medium-term objectives”<\/em>, the group said.<\/p>\n

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A proven model<\/h2>\n

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Growth was seen across all channels<\/strong>, bucking some of the trends seen by rivals such as Est\u00e9e Lauder Companies<\/strong>, which saw a decline in sales in China in the fourth quarter.<\/p>\n

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“The beauty category shows no signs of slowing down, especially in prestige, but also in the high-end