The maker of Burberry and Gucci fragrances now sees like-for-like sales growth of 8% to 10% in the fiscal year that started in July. That’s up from the 6% to 8% sales-growth forecast the company gave in August. Sales are expected to accelerate at a faster pace in the first half of the fiscal year, Coty said in a statement Wednesday.
The recently launched Burberry Goddess fragrance is selling particularly well and helping to power the more optimistic outlook, according to Coty.
— Read more in Coty Raises Sales Outlook on Strong Fragrance Demand at Bloomberg via Yahoo! Finance.