Coty ( NYSE: COTY ) provided a business update ahead of the beauty company's presentation on Tuesday at the Consumer Analyst Group of New York Conference.
During the presentation, Coty ( COTY ) plans to dive into the current beauty market, the company's latest skincare investments, and future growth opportunities.
On the guidance front, Coty will share that its fiscal Q3 core like-for-like sales growth is accelerating from the +7% core LFL sales growth in FQ2. The company is also reiterating confidence in its FY23 outlook, including the projected adjusted EBITDA and adjusted EPS marks. The plan is for Coty ( COTY ) to reinvest incremental profit into its critical skincare initiatives.
Shares of COTY moved up 0.90% on Tuesday ahead of the CAGNY talk.
Read why Seeking Alpha contributor Geoffrey Seiler thinks Coty is a strong deleveraging story.
For further details see:
Coty guides for accelerating organic sales ahead of CAGNY talk