Sales Performance & Market Trends - Coty's Prestige revenues LFL decreased by 6%[10], while the Prestige Beauty Market grew by 6%[9] - Coty's Consumer Beauty revenues LFL decreased by 11%[10], while the Mass Beauty Market grew by 2%[10] - Coty's Ultra-Premium collections experienced a sales growth of 17%[99] in 1Q26 - Coty's e-commerce sell-out growth for Prestige was +5%[25] and for Consumer Beauty was +6%[25] in 1Q26 Financial Results & Savings - Adjusted EBITDA was approximately $296 million[37] in 1Q26, an 18% decrease[37] - Adjusted EPS was $0.15[40] in 1Q26, a 17% year-over-year decrease[40] - The company delivered over $40 million[20] of productivity savings and over $10 million[20] of fixed cost reductions in 1Q26, expecting total savings of approximately $200 million[20] in FY26 - Approximately $900 million[48] of CY26 debt was refinanced at a 5.60%[48] cost of debt Strategic Initiatives & Outlook - Coty is targeting approximately $200 million[41] in savings in FY26[41] - The company is on track to end CY25 with leverage at approximately 3.5x[43] - For 2Q26, the company anticipates continued sequential trend improvement in Prestige and Consumer Beauty, with LFL sales declining 3% to 5%[53] - Coty expects LFL revenue growth in 2H FY26[54] compared to 2H FY25[54], supporting FY26 EBITDA of approximately $1 billion[54]