Coty Inc. (NYSE:COTY) Q3 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Olga Levinzon - Senior Vice President of Investor Relations Sue Nabi - Chief Executive Officer Laurent Mercier - Chief Financial Officer Conference Call Participants Operator Hello everyone, this is Olga Levinzon, Coty’s Senior Vice President of Investor Relations. Thank you for joining us today for the prepared remarks portion of Coty’s Third Quarter Fiscal 2024 Earnings. On Tuesday, May 7, 2024, at approxima ...

May 6, 2024 KEY MESSAGES ▪ Q3 LFL REVENUE GROWTH OF +10% AND FYTD +13%, FUELED BY BOTH DIVISIONS WITH PARTICULAR STRENGTH IN PRESTIGE; EXPANSION IN ALL 3 REGIONS, WITH MARKET SHARE GAINS IN ALL THREE REGIONS IN PRESTIGE; AND CONTRIBUTION FROM VOLUME AND PRICE / MIX, REINFORCING COTY'S BALANCED GROWTH AGENDA ▪ Q3 ADJ GROSS MARGINS +190BPS WITH FYTD GROSS MARGIN OF 64.4% UP 20BPS YOY; Q3 ADJ OP INCOME GREW +17% YOY AND ADJ EBITDA GREW +10%, WITH EBITDA MARGIN +30BPS ▪ STRONG EXECUTION ACROSS ALL OF OUR STRATE ...

Coty (COTY) reported $1.39 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 7.5%. EPS of $0.05 for the same period compares to $0.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.37 billion, representing a surprise of +0.86%. The company delivered an EPS surprise of -16.67%, with the consensus EPS estimate being $0.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Coty Reports Strong Results Ahead of Beauty Market, with Double-Digit Growth FYTD Q3 Sales Exceed Expectations on Prestige Share Gains and Strength in Beauty Demand Continuing Expansion in Operating Income and Margin FY24 Outlook Raised to High End of Guidance Range NEW YORK - May 6, 2024-- Coty Inc. (NYSE: COTY) (Paris: COTY) ("Coty" or "the Company") today announced its results for the third quarter of fiscal year 2024, ended March 31, 2024. The Company's strong above-market sales growth, reported and adj ...

The upcoming report from Coty (COTY) is expected to reveal quarterly earnings of $0.06 per share, indicating a decline of 68.4% compared to the year-ago period. Analysts forecast revenues of $1.37 billion, representing an increase of 6.6% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's e ...

PARIS--(BUSINESS WIRE)--Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, has won this year’s Euronext Best Listing Award in the Large Cap category, at the 12th edition of the Euronext Annual Conference held on March 19, 2024 in Paris. The award recognizes the success of Coty's global offering, the largest to date on Euronext Growth®. The secondary listing on Euronext Paris was a resounding s ...

NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY) Sally Hansen® is hopping into Spring with a delicious new partnership. The NEW Sally Hansen® x HERSHEY’S KISSES Limited-Edition collection will give you a perfectly sweet manicure, just in time for Easter! Inspired by the iconic foil wrapping and thin paper plume HERSHEY’S KISSES chocolates are known for, this collection of Insta-Dri® polishes and Salon Effects® Perfect Manicure ready-to-wear nails captures everything you love about the beloved bite-sized t ...

Coty Inc. (COTY) is reaping benefits from brand strength and robust momentum in the global beauty market. The beauty products provider is focused on its six strategic pillars aimed at sustainable growth. The company’s strategic partnerships hold promise. Moreover, management is optimizing the overall cost structure amid cost woes.Let’s delve deeper.Solid Beauty Trends Fuel GrowthThe beauty space continues to stand out and Coty is well-positioned to capitalize on this favorable market environment. The compan ...

NEW YORK--(BUSINESS WIRE)--Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. (NYSE: PVH), and Calvin Klein Fragrances, a division of Coty Inc. (NYSE: COTY), today unveil actor and musician Idris Elba and his wife, model and human rights activist Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE, the newest addition to the ETERNITY fragrance portfolio. Shot by Mert Alas, the campaign offers a fresh and impactful take on ETERNITY’s timeless dream of eternal love, capturing Idris ...

NEW YORK--(BUSINESS WIRE)--Today, Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to announce that it has completed the repurchase of 27 million shares at an attractive price relative to current market price as part of its share buyback program, announced on June 10th, 2022. Laurent Mercier, Coty’s Chief Financial Officer, stated, “ This repurchase of shares demonstrates Coty ...