Coty shares plunge 20% premarket on weak outlook, mixed Q4
Coty stock tumbled over 20% premarket after issuing mixed Q4 results and a weak forecast. The beauty giant sees sales falling 6-8% in Q1 and 3-5% in Q2 before growth resumes in late FY26. Retailers are destocking and consumers shifting to cheaper products. Despite an 8% revenue drop, Q4 beat estimates at $1.25 billion.