American cosmetics giant Coty Group fell more than 9.7% to $8.28. According to the news, due to the slowdown in the US economy, Coty expects same-store sales to increase by 4% to 5% in the first fiscal quarter ending in September of this year, compared to the previous forecast of 6%. Coty now expects a moderate increase in same-store sales in the second quarter, which will accelerate in the second half of the year. The company will officially announce its first quarter results on November 6.

American cosmetics giant Coty Group fell more than 9.7% to $8.28. According to the news, due to the slowdown in the US economy, Coty expects same-store sales to increase by 4% to 5% in the first fiscal quarter ending in September of this year, compared to the previous forecast of 6%. Coty now expects a moderate increase in same-store sales in the second quarter, which will accelerate in the second half of the year. The company will officially announce its first quarter results on November 6.