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Dec 31, 2019
Coty Q2 2020 Earnings Report
Results were in line with expectations, showing strong progress on gross margin and cash flow.
Key Takeaways
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.
2Q20 net revenue decreased 6.6%, with 1.4% organic LFL decline
LFL growth in Luxury and Professional Beauty was offset by a decline in Consumer Beauty
2Q20 adjusted operating income of $325.0 million grew 1% YoY
Adjusted EPS of $0.27, rose 13% YoY, including a one-time tax benefit of $0.015 per share
Coty
Coty
Coty Revenue by Segment
Coty Revenue by Geographic Location
Revenue by Segment
Prestige Revenue
CapyFin.comConsumer Beauty Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
The FY20 outlook remains unchanged:
Positive Outlook
- Net Revenues: Stable to slightly lower LFL
- Adjusted Operating Income: 5-10% YoY growth, at constant FX and portfolio scope, after increased working media investment behind our brands
- Adjusted EPS: Mid-single digit growth
- Free Cash Flow: Moderate improvement YoY
Revenue & Expenses
Visualization of income flow from segment revenue to net income