Coty Shares Reach 52-Week Low on Beauty Market Slowdown Warning

By MarketWatch | Oct 15, 2024 at 01:29 PM EST

Coty's shares hit a 52-week low due to concerns about a slowdown in the beauty industry. The company expects modest sales growth in the second quarter, with some acceleration later in the year. Retailers are cautious about inventory due to a sluggish U.S. mass market.

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