Coty (COTY) Stock News

Coty (NYSE:COTY) reported fourth quarter FY26 net revenues of $1.27 billion, up 1% reported and down 1% like‑for‑like, with an estimated 1% sales headwind from the Middle East conflict. Q4 adjusted operating income was $39.5 million and adjusted EBITDA $93.6 million, both down year over year, while adjusted net loss improved to $13.4 million. Q4 operating cash flow rose to $116.0 million and free cash flow to $72.6 million.

For FY26, net revenues were $5.81 billion, down 2% reported (down 5% like‑for‑like). Adjusted operating income fell 27% to $626.7 million and adjusted EBITDA declined 22% to $846.9 million. Reported net loss widened to $618.0 million, while adjusted net income was broadly stable at $185.1 million. Operating cash flow increased to $537.8 million and free cash flow to $348.2 million. Total debt fell to $3.09 billion, with financial net debt of $2.91 billion and leverage of 3.4x.

Coty advanced its Coty.Curated framework, monetized its remaining Wella stake for $750 million, and agreed to return the Gucci Beauty license to Kering for $400 million plus inventory proceeds, expecting a sales and profit step‑down in FY28 but planning cost reductions and brand acceleration to mitigate the impact.

Coty (NYSE: COTY; PARIS: COTY) announced the appointment of Soraya Benchikh as Chief Financial Officer, effective September 1, 2026, succeeding Laurent Mercier. The move follows Coty’s new operating structure introduced on July 2, which brings commercial decision-making closer to markets and unifies R&D and supply chain.

Benchikh will join Coty’s Executive Committee and report directly to Executive Chairman and Interim CEO Markus Strobel. She brings over two decades of international finance and general management experience, including senior roles at British American Tobacco and Diageo, and plans to focus on strengthening the balance sheet, sharpening capital allocation, and supporting sustained value creation.

Coty (NYSE:COTY) agreed to transition the Gucci Beauty license back to Kering for approximately $400 million. Coty will operate Gucci Beauty through at least June 30, 2027, about one year earlier than the original term.

Coty received $250 million at signing and expects a further $150 million by September 30, 2027, with up to $30 million contingent. Proceeds are earmarked for debt reduction, investment in core prestige brands, and organizational optimization. Coty estimates $30 million in cash taxes and notes Gucci Beauty revenues have grown over 60% since 2019. All pending litigation related to the license will be mutually resolved.

Coty (NYSE:COTY) announced leadership and structural changes to advance its Coty.Curated strategy. Executive Chairman and interim CEO Markus Strobel will directly oversee Prestige commercial operations, with regional leaders reporting to him.

Prestige R&D, sustainability, and supply chain will be integrated, and multiple senior leadership transitions will occur through September 2026.

Coty (NYSE:COTY) announced the launch of Marc Jacobs Beauty, a new color cosmetics collection built around the “Joyride Sensoriality” concept, emphasizing immersive textures and playful formulas. Products span eyes, complexion, and lips, priced roughly $26–$42 in the U.S. and £22–£35 in the U.K.

The collection debuts on MarcJacobs.com on May 28, 2026, then via a Sephora app exclusive on May 31, and on Sephora.com and Selfridges.com from June 1. Global rollout continues through travel retail in June and Sephora stores across several countries from September 1, 2026.

Coty (NYSE:COTY) announced its “Supercharge with AI” enterprise upskilling program has won a Newsweek AI Impact Award in the “AI Workplace: Best Outcomes, Employee Engagement” category.

The initiative trained 3,500 employees in 100 days, more than doubled active AI usage, and provides external certification via the Vjal Institute, all under Coty’s AI Policy and Code of Conduct.

Coty (NYSE: COTY) reported Q3 FY26 results for the period ended March 31, 2026: net revenue $1,281.6M (LFL -7%), adjusted operating income $72.4M, adjusted EBITDA $127.0M, and a reported operating loss of $372.0M including a $362.8M impairment to Consumer Beauty. FYTD cash flow from operations was $421.8M and free cash flow $275.6M. Total debt totaled $3,216.2M with financial net debt of $2,959.1M (net leverage ~3.4x). Management outlined the Coty.Curated strategic framework and provided Q4 FY26 LFL revenue and margin guidance.

Coty (NYSE: CLX) announced a comprehensive board refreshment on March 18, 2026, appointing five new independent directors: Carsten Fischer, Alia Gogi, Robert Kunze-Concewitz, Maria Carla Liuni, and Stephanie Plaines.

The appointments name Mr. Fischer as Lead Independent Director, Mr. Kunze-Concewitz as Remuneration Committee Chair, and Ms. Plaines as Audit and Finance Committee Chair. Several directors resigned and one director will depart on June 30, 2026.

Coty (NYSE: COTY) faces scrutiny after a reported $126.9 million net loss in Q2 FY2026 and non-GAAP EPS of $0.14, missing the $0.18 consensus by $0.04. Shares fell ~15% in after-hours trading to a 52-week low of $2.66.

The company reported like‑for‑like revenue down ~3%, withdrew full‑year FY2026 guidance, and unveiled a new "Coty. Curated." turnaround strategy under interim CEO Markus Strobel. Levi & Korsinsky has opened an investigation and is contacting affected investors.