Coty Inc. reported fiscal fourth-quarter revenue of $1.25 billion, topping analysts’ consensus of about $1.20 billion, but the beauty company posted an adjusted loss of 5 cents a share versus expectations for a small profit. Revenue fell roughly 8 percent from a year earlier, underscoring weaker demand even as management pointed to continued strength in the fragrance category. The New York–based firm warned that like-for-like sales will contract 6 percent to 8 percent in the first quarter of fiscal 2026 and 3 percent to 5 percent in the second, citing cautious ordering by retailers working through excess inventory. Coty expects a return to growth in the second half of the fiscal year and said first-quarter adjusted EBITDA will decline by a mid- to high-teens percentage. Investors reacted negatively to the deeper-than-expected profit shortfall and downbeat near-term outlook, sending the shares down about 11 percent in after-hours trading.