Middle East conflict weighs on Coty Q3 performance as recovery plan gathers pace

Coty’s Q3 revenue declined by -1% due to the impact of the Middle East conflict, with significant drops in Middle East sales. The company anticipates a -2% to -3% revenue decrease in Q4 due to the ongoing conflict. Coty is implementing the ‘Coty.Curated’ framework to simplify its portfolio and focus on core brands for long-term growth.