Welcome to our dedicated page for COTY news (Ticker: $COTY), a resource for investors and traders seeking the latest updates and insights on COTY stock.
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Coty Inc. has signed a long-term license agreement with Lena Gercke to develop, produce, and distribute LeGer's debut fragrance, marking the beginning of a partnership focused on empowerment, inspiration, and innovation. The collaboration aims to bring new products and brands to the beauty market. The new fragrance, expected to launch in the DACH region this summer, is part of Coty's strategy to diversify its portfolio.
Coty Inc. reports strong results, exceeding expectations with double-digit growth year-to-date. Net revenues grew 8% in Q3 and 10% LFL, with growth in fragrances, cosmetics, skin care, and body care. Operating income and margin expanded, with Prestige and Consumer Beauty seeing growth across regions. Coty's market share increased in Q3, with gross margin expanding 190 basis points. Adjusted metrics showed positive growth in operating income, EBITDA, and EPS. Cash flow was weaker due to tax payments, but strong year-to-date. Debt ratios remain high but stable. Strategic pillars like fragrance and cosmetics drove growth, with e-commerce sales rising. Coty's outlook is optimistic, expecting high-end revenue growth, margin expansion, and adjusted EPS at the upper end of guidance.
