What happened Shares of Natura & Co (NYSE: NTCO) fell by as much as 12.5% in early trading on Thursday after it delivered its fourth-quarter report following the close of trading Wednesday. The results for the cosmetics company -- which owns Avon, The Body Shop, and Aesop, as well as its namesake brand -- were mixed, but the broader trend here is likely unnerving investors. To make matters worse, management highlighted that it is facing supply chain and inflation headwinds, as well as lackluster sales in its home market.