Coty Inc. (COTY) impacted by decline in cosmetic sales leading to position liquidation

From Yahoo Finance: 2025-07-01 07:33:00

Hardman Johnston Global Advisors released its Q1 2025 investor letter, showing a 0.43% return compared to -1.32% for the MSCI AC World Net Index. Top sector contributors were Industrials and Consumer Discretionary, with Europe leading regionally. Coty Inc. (NYSE:COTY) experienced a one-month -6.44% return and shares lost 52.36% over 52 weeks.

In the investor letter, Hardman Johnston Global Equity Strategy discussed Coty Inc. (NYSE:COTY)’s challenges due to a slowdown in cosmetic sales. Despite strong product sales, retailer hesitancy and consumer demand questions impacted the stock, leading to a position liquidation during a period of relative strength.

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Read more: Decline in Cosmetic Sales Affected Coty (COTY) in Q1