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The beauty giant reported double-digit growth in Q3 2024; sales exceeded expectations on prestige share gains.
May 6, 2024
By: Lianna Albrizio
Associate Editor
Coty Inc. reported double-digit growth in Q3 2024 with sales exceeding expectations on prestige share gains. Officials said the company's strong above-market sales growth, reported and adjusted operating income growth, and reported and adjusted gross and operating margin expansion in Q3 solidifies nearly four years of Coty reporting results in-line to ahead of expectations. In Q3 2024, Coty's net revenues grew 8% on a reported basis and 10% on a LFL basis, with repo...
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