Coty, Inc. (COTY) is leveraging strong brand recognition and favorable conditions in the global beauty market to drive impressive growth. The company's strategic focus on core categories such as skincare, fragrances and cosmetics allowed it to meet evolving consumer preferences while expanding its e-commerce capabilities. Despite rising costs and currency fluctuations, Coty is committed to innovation and strategic partnerships, positioning itself for long-term success. Let's delve deeper. Coty's Strong Fina ...

Coty Inc. (COTY) capitalized on its strong brand presence in fragrances, cosmetics and skincare. It continue s to thrive in the booming global beauty market despite some headwinds. The focus on expanding its consumer beauty and fragrance segments, coupled with a commitment to innovation and sustainability, positions COTY to benefit from growing consumer demand. In a backdrop where the beauty sector is integral to personal well-being, Coty benefits from a resilient consumer base. Consumers are not only gravi ...

It has been about a month since the last earnings report for Coty (COTY) . Shares have lost about 8.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Coty due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. COTY's Q4 Loss Wider Than Estimates, Sales Increase Y/Y Cot ...

Coty Inc. (COTY) continues to benefit from robust growth in the global beauty market, driven by a strong brand presence and consumer demand for fragrances, cosmetics and skincare. With a focus on six growth pillars, including growing Consumer Beauty and fragrances, the company demonstrates a proactive approach to sustainable growth. Despite rising costs and currency fluctuations, Coty's commitment to innovation and strategic partnerships enhances its competitive position across the beauty market. These fund ...

Have you evaluated the performance of Coty's (COTY) international operations for the quarter ending June 2024? Given the extensive global presence of this beauty products company, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For inves ...

Coty Inc. (COTY) posted drab fourth-quarter fiscal 2024 results, with the bottom line missing the Zacks Consensus Estimate and declining year over year. The top line missed the consensus mark but rose year over year. Looking forward to the fiscal 2025, management anticipates its financial results to align with medium-term growth expectations. White space opportunities, strong commercial strategies and a robust innovation pipeline support the outlook. Notable upcoming products include Chloe Signature Intense ...

ToscaWhi/iStock Editorial via Getty Images Coty Inc. (NYSE:COTY) reported the company's Q4/FY2024 results on the 20th of August in post-market hours, showing a mildly disappointing growth in the quarter. Still, with a fairly good FY2025 outlook ahead and good underlying profitability expansion, Coty's good turnaround momentum isn't looking to stop yet. I previously wrote an article on the stock, titled "Coty: Valuation Needs More Caution Despite Great Turnaround". In the article, I initiated Coty at a Sell ...

COTY 4Q & FY24 EARNINGS CALL August 20, 2024 COTY | --- | --- | --- | --- | --- | |----------------------------------|-------|-------|-------|-------| | | | | | | | FY24 SUMMARY | | | | | | SUE NABI CHIEF EXECUTIVE OFFICER | | | | | KEY FY24 ACCOMPLISHMENTS 3 OUTPERFORMING MARKET BECOMING AN ADVOCACY-LED COMPANY #1 FRAGRANCE INNOVATION DOUBLE-DIGIT% GROWTH IN LFL SALES, ADJ. EBITDA AND EPS1 1 EPS excluding equity swap 4 +11% FY24 PERFORMANCE WE ARE OUTPERFORMING GLOBAL BEAUTY MARKET ~9% Market Coty Total be ...

Financial Data and Key Metrics Changes - Coty Inc. reported a strong fiscal year 2024 with an 11% like-for-like revenue growth, outperforming the beauty market which grew approximately 9% [6][8] - Adjusted EBITDA for fiscal 2024 grew 12% year-over-year to $1,091 million, exceeding guidance [10] - Adjusted EPS excluding the swap totaled $0.48, reflecting a 26% year-over-year increase, driven by higher EBITDA and a discrete tax benefit [11] Business Line Data and Key Metrics Changes - The adjusted operating margin in the Prestige division reached 19%, up 40 basis points year-on-year, while Consumer Beauty's adjusted operating margin increased to 5.7%, up 80 basis points [10] - Coty achieved double-digit growth in like-for-like sales, adjusted EBITDA, and adjusted EPS for the third consecutive year [5] Market Data and Key Metrics Changes - Sales in growth engine markets, including Brazil and Mexico, accounted for 22% of total sales, growing approximately 17% like-for-like in fiscal 2024 [20][34] - E-commerce sales grew by approximately 20%, increasing its penetration to about 20% of overall business [29] Company Strategy and Development Direction - Coty aims to maintain high levels of investment in marketing, targeting 6% to 8% like-for-like revenue growth and 9% to 11% adjusted EBITDA growth in fiscal 2025 [5][13] - The company is focusing on a balanced growth model, capturing demand across various price points and markets, while leveraging its fragrance expertise [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Coty's ability to grow and outperform despite macroeconomic challenges, supported by a strong innovation pipeline and robust commercial plans [35][37] - The outlook for fiscal 2025 includes expectations for continued gross margin expansion and double-digit revenue growth in growth engine markets [36] Other Important Information - Coty ended fiscal 2024 with net debt of approximately $3.6 billion, down from previous years, and aims to reduce leverage further [12] - The transition to SAP S/4HANA was completed successfully, enhancing operational efficiency [12] Q&A Session Summary - No specific questions or answers were provided in the transcript, indicating the end of the Q&A session without detailed interactions [37]

Coty (COTY) reported $1.36 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.9%. EPS of -$0.03 for the same period compares to $0.01 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.38 billion, representing a surprise of -0.94%. The company delivered an EPS surprise of -175.00%, with the consensus EPS estimate being $0.04. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...