Coty Aims To Double Skincare Sales By FY25

  • Coty Inc COTY expects to double its skincare revenues from FY22 to FY25, with further acceleration in FY26 and beyond.
  • The outlook includes 6% - 8% LFL sales growth, adjusted EBITDA growth of 9% - 11% and a low 20s EPS CAGR through FY25.
  • Sue Y. Nabi, CEO of Coty, said, "Coty's skincare portfolio is one of the most exciting growth areas in our business, with revenues on track to double to $500M-600M by FY25."
  • The company has raised its first-quarter FY23 LFL sales growth outlook to 8% - 9%, from the previous 6% - 8%, reflecting stronger beauty demand.
  • The improved outlook is being fueled by both Prestige and Consumer Beauty, and across Europe, the Americas, and Global Travel Retail. 
  • COTY also reinforced its confidence in its previously issued FY23 guidance.
  • Price Action: COTY shares are trading higher by 7.06% at $8.34 on the last check Wednesday.
  • Photo Via Company
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