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Coty Raises FY24 Outlook Fueled by Momentum in Prestige Business

Strong demand in prestige fragrances, including Burberry Goddess.

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By: Lianna Albrizio

Associate Editor

Coty Inc. increased its outlook for the first half and full year FY24.   Since providing its guidance on its FY23 earnings call four weeks ago, Coty says it has has seen strong momentum in beauty demand across its key markets and categories, particularly in prestige fragrances. At the same time, Coty says the recent launch of its Burberry Goddess fragrance is setting new market records and reinforces Coty’s position as a fragrance leader. Not only was Burberry Goddess the winning launch ...

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