NEW YORK--(BUSINESS WIRE)--Today, Coty Inc. (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, announces that it has signed a new agreement with luxury Italian fashion house, Etro, to produce and distribute its signature fragrance lines and home scent collections beyond 2040. Coty and Etro will work together to explore new categories and innovations to grow the brand’s beauty portfolio. This deal e ...

Beauty product manufacturer Coty (COTY) has struggled to make any lasting progress on the charts, with the equity now just above breakeven year over year. The shares managed to claw their way into a 10% three-month gain, however, and this may be the start of the long-awaited breather COTY has been itching for. In fact, the $11.50 level has acted as a floor on several occasions, while the security comes within one standard deviation of a historically bullish trendline.Per Schaeffer's Senior Quantitative Anal ...

Key PointsEstée Lauder is a global cosmetics company with over 20 prestige brands, including Clinique, La Mer, Bobbi Brown and MAC Cosmetics.The company's restructuring plan includes a 3% to 5% workforce reduction and charges of between $500 million to $700 million.The company raised its incremental operating profit forecast from its Profit Recovery Plan to $1.1 billion to $1.4 billion, up from $800 million to $1 billion in previous estimates.5 stocks we like better than Estée Lauder CompaniesIconic prestig ...

Coty Inc. (NYSE:COTY) Q2 2024 Earnings Conference Call February 7, 2024 4:45 PM ET Company Participants Sue Nabi - Chief Executive Officer Laurent Mercier - Chief Financial Officer Conference Call Participants Operator Hello, everyone, welcome to the prepared remarks portion of Coty's Second Quarter Fiscal 2024 Earnings. On Thursday, February 8th, 2024, at approximately 8.15 a.m. Eastern Time or 2.15 p.m. Central European Time, we will hold a separate live Q&A session on our results, which you can access vi ...

1Q24 COTY 5 6 AMERICAS LFL +11% IN Q2 AND +14% IN 1H24 DRIVEN BY ROBUST DOUBLE-DIGIT % GROWTH IN LATIN AMERICA AND MSD % GROWTH IN NORTH AMERICA ASIA PACIFIC LFL +16% IN Q2 AND +17% IN 1H24 FUELED BY STRONG GROWTH ACROSS MOST MARKETS. IN CHINA, PRESTIGE SALES GREW STRONGLY, WHILE CONSUMER BEAUTY SALES WERE LOWER 7 SOLID PROFIT PERFORMANCE | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------ ...

For the quarter ended December 2023, Coty (COTY) reported revenue of $1.73 billion, up 13.4% over the same period last year. EPS came in at $0.25, compared to $0.22 in the year-ago quarter.The reported revenue represents a surprise of +3.42% over the Zacks Consensus Estimate of $1.67 billion. With the consensus EPS estimate being $0.20, the EPS surprise was +25.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Coty (COTY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this beauty products company would post earnings of $0.17 per share when it actually produced earnings of $0.09, delivering a surprise of -47.06%.Over the last four quarters, the compa ...

NEW YORK--(BUSINESS WIRE)--Regulatory News: Coty Inc. (NYSE: COTY) (Paris: COTY) ("Coty" or "the Company") today announced its results for the second quarter of fiscal year 2024, ended December 31, 2023. The Company's strong sales growth ahead of the beauty market, profit growth, and operating and EBITDA margin expansion in Q2 marked the 14th consecutive quarter of results in-line to ahead of expectations. Coty's strong Q2 sales growth of 13% as reported and 11% LFL, with first half reported sales growth ...

Certain statements in this Form 10-Q are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, strategic planning, targets and outlook for future reporting periods (including the extent and timing of revenue, expense and profit trends and changes in operating cash flows and cash flows from operating activities and investing activities), the wind down of the Compa ...

Coty Inc. (COTY) , a leading beauty company globally, has formed a partnership with Marni, an Italian luxury fashion brand celebrated for its unique and artistic designs. This collaboration involves a licensing agreement to create, manufacture and sell a new range of fragrances and beauty products that will extend beyond fiscal 2040. This significant move aims to enhance Coty's position in the luxury fragrance market by leveraging the shared principles of expertise, innovation and creativity between Coty an ...