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 ...

Investors are always looking for stocks that are poised to beat at earnings season and Coty Inc. (COTY) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Coty is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of s ...

NEW YORK--(BUSINESS WIRE)--Today, Coty (NYSE: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, and Marni, the Italian luxury fashion brand renowned for its artistic collections, announce a new licensing agreement to develop, produce, and distribute a line of fragrances and beauty products beyond 2040. This new agreement solidifies Coty’s commitment to strengthening its presence in the luxury fragrance segment thr ...

Coty Inc. (COTY) is likely to register top-line growth when it reports second-quarter fiscal 2024 earnings on Feb 7. The Zacks Consensus Estimate for revenues is pegged at $1.7 billion, suggesting growth of 9.6% from the prior-year quarter’s reported figure.However, the company’s bottom line is likely to decline year over year in the fiscal second quarter. Although the consensus mark for quarterly earnings has moved up by a penny in the past 30 days to 20 cents per share, the projection indicates a fall of ...