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00:02Cody posted an increase in fourth quarter revenue as demand for fragrances and cosmetics remained
00:07resilient, according to Reuters. Revenue rose 1.3% to $1.27 billion.
00:14Compare with expectations for a 4.6% decline. Adjusted loss narrowed to $0.02 per share from
00:21$0.05 a year ago, but was wider than the $0.01 loss analysts expected.
00:25Cody said fiscal 2027 will be a transition year as it advances its Cody curated strategy
00:33and reviews its consumer beauty division, which could lead to the sale of brands including
00:38CoverGirl and Rimmel. The company also named former British American tobacco finance chief
00:44Soraya Benchik as CFO. Cody expects current quarter like-for-like revenue to fall by a low
00:51to mid-single-digit percentage compared with an 8% decline last year.
00:56For all things money, visit Benzinga.com.
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