Coty Reports Strong Results Ahead of Beauty Market, with Double-Digit Growth FYTD [Yahoo! Finance]
Coty Inc. Class A (COTY)
Last coty inc. class a earnings: 2/5 06:30 am
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Source: Yahoo! Finance
FY24 Outlook Raised to High End of Guidance Range NEW YORK, May 06, 2024 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-to-date, the Company continued to deliver balanced reported net revenue growth, including growth in both Prestige and
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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 FYTDBusiness Wire
- 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