Coty Inc. is anticipating headwinds in the Middle East business to impact fourth-quarter sales by an estimated 2 to 3 percent, after weighing on sales in the third quarter.

Net revenue for the third quarter ended March 31 came in at $1.28 billion, a decrease of 1 percent compared with a year ago. Coty’s like-for-like sales declined 7 percent in the quarter, including an estimated 1.4 percent negative impact from the Middle East, driven by the escalation of the conflict in the region.

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“The region represents a midsingle-digit percentage of total sales, including local travel and retail and given fragrances are a dominant category in the Middle East, we are seeing a more sizable impact on our prestige business.…