Tag: $Coty

Beauty company’s return to city of its founding seen as a vote of confidence in leadership of Sue Nabi

Coty Inc.’s stock  jumped 4.6% in premarket trade Wednesday, after the beauty, cosmetics and fragrance giant raised guidance for fiscal 2024, boosted by strength in its prestige fragrance business.

CoverGirl parent Coty forecast annual profit below Wall Street expectations on Tuesday, signaling a hit from steeper input and labor expenses even as the company raised product prices to shield itself from higher costs and a strong dollar.