Coty Earnings Reports

Coty Inc. reported Q2 FY25 net revenue of $1,669.9 million, a 3% decline year-over-year, impacted by FX headwinds and market slowdowns. Adjusted EPS came in at $0.11, down from $0.25 in the prior year. The company experienced strong gross margin expansion and operational efficiencies, but headwinds in APAC and consumer beauty weighed on performance.

Coty Inc. reported a 2% increase in net revenues, or 4.5% on a LFL basis, driven by strong growth in prestige fragrances and EMEA. The company saw continued gross margin expansion and operating income growth, while investing in its brands. The company reiterates FY25 EBITDA Underpinned by Accelerating Actions to Adapt Coty for Future Success

Coty's Q4 2024 net revenues grew by 1% on a reported basis and 5% on a LFL basis. The reported sales growth was supported by growth in both prestige and mass fragrances, prestige cosmetics and mass skin & body care, partially offset by a 2% FX headwind and a 2% negative impact from the divestiture of the Lacoste license. Adjusted operating income increased by 3% year-over-year.

Coty Inc. reported strong Q3 2024 results, with net revenues up 8% and LFL revenue up 10%. The company experienced growth in both Prestige and Consumer Beauty segments across all regions. Strong gross margin expansion and reported operating income growth contributed to an increased adjusted EBITDA margin. Coty raised its FY24 outlook to the high end of its guidance range.

Coty Inc. announced strong Q2 fiscal year 2024 results, with sales growth ahead of the beauty market, profit growth, and expansion in operating and EBITDA margins. The company's Q2 sales grew by 13% as reported and 11% LFL, exceeding expectations. Coty also strengthened its portfolio with a new luxury license, Marni, and multiple license extensions.

Coty Inc. announced strong Q1 FY24 results, with sales growth ahead of the beauty market. The company reported an 18% increase in sales, driven by both Prestige and Consumer Beauty segments. Coty raised its FY24 revenue and profit guidance and is on track to reach its leverage targets.

Coty Inc. reported strong Q4 FY23 results, with sales increasing 16% and profits growing significantly. The company's performance exceeded expectations and raised guidance, driven by momentum in both the Prestige and Consumer Beauty segments. Coty is well-positioned for future growth, with a focus on innovation, sustainability, and deleveraging.

Coty's Q3 sales performance came in well ahead of expectations and recently raised guidance, fueled by accelerating demand for prestige fragrances, retailer restocking and Coty initiatives. Q3 sales increased 9% as reported, which includes approximately 3% of negative impact from the Russia business exit, with core LFL sales up 15%.

Coty Inc. reported strong Q1 2023 results, with sales increasing 1% as reported and 9% on a LFL basis. The company's performance was well ahead of the underlying beauty market, driven by robust consumer demand for beauty products, particularly prestige fragrances. Coty reaffirmed its FY23 revenue and profit outlook and remains committed to deleveraging.

Coty Inc. reported strong Q4 and FY22 results, with sales growth exceeding expectations. The company's sales increased by 10% as reported and 16% on a LFL basis in Q4. Coty's sales were driven by strong momentum in both divisions, with Prestige growing 16% and Consumer Beauty growing 3% as reported.

Coty's Q3 2022 results showed strong sales growth, with a 15% increase in reported sales and 19% on an LFL basis. This growth was driven by both the Prestige and Consumer Beauty segments, with significant contributions from the U.S., Europe, and Travel Retail. The company also achieved gross margin expansion and continued progress on deleveraging.

Coty's Q2 2022 results demonstrated strong financial improvement and delivery across its strategic growth pillars, with sales increasing 12% as reported and LFL. The company experienced significant gross margin expansion and cost reductions, allowing for profit growth and reinvestment in media. Coty is raising its FY22 adjusted EPS guidance to $0.22-0.26.

Coty Inc. reported a strong first quarter for fiscal year 2022, with revenues surpassing guidance, driven by growth in the Prestige business and e-commerce. Gross margins expanded, and cost reductions fueled reinvestment in marketing. The company raised its FY22 sales growth outlook to low to mid teens.

Coty Inc. reported a strong recovery in Q4 2021, with revenues increasing by 89.6% and demonstrating progress across its strategic plan. The company exceeded its FY21 revenue guidance and anticipates low teens sales growth in FY22.

Coty Inc. reported a 3% revenue decline in Q3 2021, but saw significant improvements in profitability with adjusted EBITDA of $183.2 million and gross margin expansion of 450 bps. The company is executing its strategic plan, with early results in market share gains and strong growth in e-commerce and key markets like China and the U.S.

Coty Inc. reported continued improvement in financial results for the second quarter of fiscal year 2021, ended December 31, 2020. Adjusted operating income increased by 7% versus last year, and Financial Net Debt fell to approximately $4.8 billion.

Coty Inc. announced significantly improved financial results for the first quarter of fiscal year 2021. Net revenues improved each month, resulting in a 19% LFL decline for Coty's Continuing Operations. Fixed costs savings were approximately $80 million. The operational improvements and stringent cost controls resulted in $81.1 million in adjusted operating income from Continuing Operations, an increase of 24% versus last year. Total Coty adjusted EPS grew 57% to $0.11 for the quarter, while reported EPS was $0.24.

Coty Inc. reported a significant decrease in net revenues for Q4 2020 due to the COVID-19 pandemic, but expects to return to profitability in Q1 FY21. The company's free cash flow was in line with guidance, and a $1 billion KKR investment has bolstered liquidity. Coty has seen gradual sales trend improvement from April through June, with significant improvements in July and August across the portfolio

Coty's Q3 fiscal results revealed a 23.2% decrease in net revenue, with a 19.5% organic LFL decline, impacted by COVID-19. Adjusted operating income was $0.1 million, and the company announced a strategic partnership with KKR, including a $750 million investment and plans to reduce fixed costs by $700 million.

Coty Inc. reported financial results for the second quarter of fiscal year 2020, ended December 31, 2019. The results were in-line with expectations and underpinned by strong results in gross margin and free cash flow generation.