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Coty(COTY) - 2023 Q4 - Earnings Call Transcript
2023-08-22 17:27
Coty Inc. (NYSE:COTY) Q4 2023 Earnings Conference Call August 22, 2023 7:20 AM ET Company Participants Olga Levinzon - Senior Vice President of Investor Relations Sue Nabi - Chief Executive Officer Laurent Mercier - Chief Financial Officer Conference Call Participants Filippo Falorni - Citi Javier Escalante - Evercore ISI Anna Lizzul - Bank of America Korinne Wolfmeyer - Piper Sandler Olivia Tong - Raymond James Chris Carey - Wells Fargo Securities Andrea Teixeira - JPMorgan Linda Bolton - Davidson Mark Ast ...
Coty(COTY) - 2023 Q4 - Earnings Call Presentation
2023-08-22 17:22
10 COTY • CB INNOVATIONS LIKE COVERGIRL CLEAN FRESH YUMMY GLOSS, MAX FACTOR MASTERPIECE LASH WOW MASCARA, AND SALLY HANSEN ARTIFICIAL NAILS A&CP AT ~28% DURING Q4 AND ~27% FY23, INLINE WITH EXPECTATIONS AND STABLE YOY 13 14 • FY23 ADJ EPS EXCLUDING EQUITY SWAP OF $0.38, AN INCREASE OF +36% YOY (288) $ Millions 973 LEVERAGE ON TRACK TOWARDS ~3X EXITING CY23 ➢ IN JULY 2023, COTY ENTERED A BINDING LETTER OF INTENT TO SELL 3.6% OF ITS WELLA STAKE TO IGF WEALTH MANAGEMENT FOR $150 MILLION, SUBJECT TO CUSTOMARY C ...
Coty(COTY) - 2023 Q4 - Annual Report
2023-08-21 16:00
The following table presents our (benefit) provision for income taxes, and effective tax rates for the periods presented: 2023 2022 2021 Provision (benefit) for income taxes $ 181.6 $ 164.8 $ (172.0) Effective income tax rate 25.8 % 38.6 % 71.7 % (f) In fiscal 2023, net income attributable to Coty Inc. was $508.2 compared to income of $259.5 in fiscal 2022. The net income increase was primarily driven by higher operating income, incremental net gains associated with forward repurchase contracts, contingent ...
Coty(COTY) - 2023 Q3 - Earnings Call Transcript
2023-05-09 19:25
Coty Inc. (NYSE:COTY) Q3 2023 Earnings Conference Call May 9, 2023 8:15 AM ET Company Participants Olga Levinzon - VP, IR Sue Nabi - Chief Executive Officer Laurent Mercier - Chief Financial Officer Conference Call Participants Steve Powers - Deutsche Bank Rob Ottenstein - Citi Korinne Wolfmeyer - Piper Sandler Chris Carey - Wells Fargo Securities Lauren Lieberman - Barclays Olivia Tong - Raymond James Andrea Teixeira - JPMorgan Olga Levinzon Good morning and good afternoon, everyone. This is Olga Levinzon, ...
Coty(COTY) - 2023 Q3 - Quarterly Report
2023-05-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-35964 350 Fifth Avenue, New York, NY 10118 (Address of principal executive offices) (Zip Code) (212) 389-7300 Registrant's telephone numbe ...
Coty(COTY) - 2023 Q2 - Earnings Call Transcript
2023-02-08 19:05
Coty Inc. (NYSE:COTY) Q2 2023 Earnings Conference Call February 8, 2023 8:15 AM ET Company Participants Sue Nabi - Chief Executive Officer Laurent Mercier - Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Sydney Wagner - Jefferies Anna Lizzul - Bank of America Rob Ottenstein - Evercore ISI Steve Powers - Deutsche Bank Korinne Wolfmeyer - Piper Sandler Olivia Tong - Raymond James Andrea Teixeira - J.P. Morgan Chris Carey - Wells Fargo Securities Linda Bolton-Weiser - D.A. ...
Coty(COTY) - 2023 Q2 - Earnings Call Presentation
2023-02-08 13:08
* Diluted adjusted EPS calculated under the "if-converted" method for the Convertible Preferred Stock Figures may not foot due to rounding FREE CASH FLOW • CONTINUE TO EXPECT STRONG FCF IN FY23, THOUGH DOWN YOY DUE TO STRONG WORKING CAPITAL BENEFITS IN FY22 • ~90% OF DEBT IS FIXED, INCLUDING HEDGES; ~70% FIXED ONCE HEDGES EXPIRE 2Q23 FINANCIAL NET DEBT 2Q23 ECONOMIC NET DEBT Coty sell-out growing mid-to-high single digits, above CB market growing mid single digits 16 MARKET IS 25-30% HIGHER THAN 2019, CONFI ...
Coty(COTY) - 2023 Q2 - Quarterly Report
2023-02-07 16:00
Operating and reportable segments (referred to as "segments") reflect the way the Company is managed and for which separate financial information is available and evaluated regularly by the Company's chief operating decision maker ("CODM") in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer ("CEO") as the CODM. Certain income and shared costs and the results of corporate initiatives are managed by Corporate. Corporate primarily includes stock ...
Coty(COTY) - 2023 Q1 - Earnings Call Transcript
2022-11-08 16:27
Coty Inc. (NYSE:COTY) Q1 2023 Earnings Conference Call November 8, 2022 8:15 AM ET Company Participants Olga Levinzon – Investor Relations Sue Nabi – Chief Executive Officer Laurent Mercier – Chief Financial Officer Conference Call Participants Ashley Helgans – Jefferies Anna Lizzul – Bank of America Nik Modi – RBC Capital Olivia Tong – Raymond James Steve Powers – Deutsche Bank Rob Ottenstein – Evercore Chris Carey – Wells Fargo Lauren Lieberman – Barclays Carla Casella – JPMorgan Olga Levinzon Good mornin ...
Coty(COTY) - 2023 Q1 - Earnings Call Presentation
2022-11-08 13:32
| --- | --- | --- | --- | |--------------------------------|-------|-------|-------| | | | | | | | | | | | COTY 1Q23 | | | | | EARNINGS CALL November 8, 2022 | | | | | | | | | KEY MESSAGES 2 ROBUST BEAUTY DEMAND DRIVE MARKET-LEADING Q1 SALES GROWTH AHEAD OF GUIDANCE ▪ Q1 LFL REVENUE GROWTH OF +9%, WITH CORE BUSINESS +11% LFL, AHEAD OF RAISED GUIDANCE OF +8-9% LFL SOLID GROSS MARGIN, PROFIT & NET DEBT PERFORMANCE DESPITE INFLATION ▪ 1Q22 ADJ GROSS MARGIN +70 BPS YOY; ADJ OPERATING INCOME +24%, NET DEBT IMPRO ...