Coty Inc. has lifted its full-year revenue forecast because the fragrance effect shows no sign of abating, concurrently it revealed it has canceled the sale of a part of its Wella stake.
Buoyed by sales of the likes of Burberry Goddess, Burberry Her and Gucci Flora, the sweetness company now expects full-year like-for-like revenue growth of between 9 percent and 11 percent, ahead of its recently raised guidance of 8 percent to 10 percent. It continues to focus on adjusted earnings per share of between 44 cents and 47 cents for the 12 months as a complete, implying growth of as much as 25 percent.
“This demonstrates the strength of our strategy and the strength of our portfolio,” said chief executive officer Sue...
Continue reading
0 Comments
