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Mar 31

Coty Q3 2025 Earnings Report

Coty posted a Q3 net loss and revenue decline as FX headwinds and softness in the U.S. impacted performance.

Key Takeaways

Coty reported a net loss of $409 million in Q3 2025 with revenue declining 6% year-over-year. The company emphasized cost control, adjusted operating income growth, and strategic plans for FY26 amid continued market challenges.

Revenue fell 6% to $1.299 billion, with FX headwinds contributing 3% to the decline.

Adjusted EPS was $0.01, while GAAP EPS stood at -$0.47.

Consumer Beauty revenue declined 9% amid weakness in color cosmetics, particularly in the U.S.

Coty launched the next phase of its 'All-in to Win' program aiming for $500 million in savings through FY27.

Total Revenue
$1.3B
Previous year: $1.39B
-6.2%
EPS
$0.01
Previous year: $0.05
-80.0%
Gross Margin
64.1%
Previous year: 64.8%
-1.1%
Operating Margin
-21.6%
Previous year: 5.6%
-485.7%
Free Cash Flow
-$168M
Previous year: -$234M
-28.1%
Gross Profit
$832M
Previous year: $898M
-7.3%
Cash and Equivalents
$244M
Previous year: $286M
-14.9%
Free Cash Flow
-$168M
Previous year: -$234M
-28.1%
Total Assets
$11.5B
Previous year: $12.3B
-6.9%

Coty

Coty

Coty Revenue by Segment

Coty Revenue by Geographic Location

Forward Guidance

Coty expects high-single-digit LFL sales decline in Q4 FY25, but forecasts gradual improvement in FY26 led by blockbuster launches, cost savings, and enhanced execution.

Positive Outlook

  • Blockbuster launches planned in both H1 and H2 FY26.
  • New brand expansion into U.S. and Amazon launch in fall.
  • Robust plans in both Prestige and Consumer Beauty to capture demand shifts.
  • All-in to Win program expected to generate $500M in savings by FY27.
  • Continued progress in ESG, with upgraded ratings from MSCI and Sustainalytics.

Challenges Ahead

  • Expected LFL sales decline in Q4 FY25 due to weak retailer inventory dynamics.
  • Challenging U.S. market impacting both Prestige and Consumer Beauty segments.
  • Gross margin contraction in Q3 impacted by normalization from prior high levels.
  • High restructuring and impairment charges continued to pressure profitability.
  • FX remains a 3% headwind to reported sales for the remainder of FY25.

Revenue & Expenses

Visualization of income flow from segment revenue to net income