markets

Nia Warfield8/21/25

Coty shares sink after the beauty conglomerate posts surprise Q4 loss

Coty shares sank nearly 20% in premarket trading Thursday as investors digested the beauty conglomerate’s disappointing Q4 results after the bell Wednesday.

The cosmetics and fragrance company posted an adjusted loss of $0.05 per share, well below Wall Street’s forecast for a $0.01 profit, according to analysts polled by FactSet. Revenue came in at $1.25 billion, topping analyst estimates of $1.21 billion but still down 8% year over year. Growth was driven by Coty’s prestige fragrance portfolio, which includes Gucci, Swarovski, and Tiffany & Co.

Looking ahead, Coty guided for adjusted EPS of $0.33 to $0.36 in the first half of its fiscal year, with stronger gains expected in the back half. Analysts are projecting full-year adjusted earnings of about $0.50 per share.

Management flagged a cautious retail backdrop, noting that retailers are destocking and consumers are trading down toward cheaper value options.

“Consumer demand for beauty continues to be solid, particularly for fragrances across price points and formats,” the company said in a statement. “At the same time, macroeconomic and tariff uncertainty is fueling cautious retailer ordering and a more promotional competitive environment.”

Coty also said it expects about $70 million in gross tariff headwinds this year, driven by new US tariffs on European-made fragrances and Chinese-sourced components. To offset the impact, Coty plans to raise prices across select categories.

Prior to the earnings release, Coty shares were down 29% year to date.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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