Coty Reports Strong Results Ahead of Beauty Market, with Double-Digit Growth FYTD
Coty Inc. Class A (COTY)
Last coty inc. class a earnings: 2/5 06:30 am
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Source: Business Wire
Q3 Sales Exceed Expectations on Prestige Share Gains and Strength in Beauty DemandContinuing Expansion in Operating Income and MarginFY24 Outlook Raised to High End of Guidance Range NEW YORK--(BUSINESS WIRE)--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 adjusted operating income growth, and reported and adjusted gross and operating margin expansion in Q3 solidifies nearly four years of Coty reporting results in-line to ahead of expectations.In 3Q24, Coty's net revenues grew 8% on a reported basis and 10% on a LFL basis, with reported and LFL results supported by growth in fragrances, color cosmetics, skin care and body care. These results trended above the Company's guidance of +6-8% LFL for the second half of FY24. On a year-to-date basis, net revenues grew 13% on both a reported and LFL basis. In 3Q24 and year-
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COTY
News
- Coty Inc. (NYSE: COTY) had its price target lowered by analysts at DA Davidson from $17.50 to $16.50. They now have a "buy" rating on the stock.MarketBeat
- Coty and Lena Gercke Embark on New License Agreement [Yahoo! Finance]Yahoo! Finance
- Coty and Lena Gercke Embark on New License AgreementBusiness Wire
- Coty Reports Strong Results Ahead of Beauty Market, with Double-Digit Growth FYTD [Yahoo! Finance]Yahoo! Finance
- Coty: Valuation Needs More Caution Despite Great Turnaround [Seeking Alpha]Seeking Alpha
COTY
Earnings
- 5/6/24 - Miss
COTY
Sec Filings
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/2/24 - Form 4
- COTY's page on the SEC website