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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect COTY's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of COTY's position in the market.
Rhea-AI Summary
Sally Hansen partners with college basketball star Jared McCain in a groundbreaking sports sponsorship deal, marking the brand's first-ever NIL agreement with an athlete. McCain's dynamic presence on and off the court, along with his fearless self-expression, align perfectly with Sally Hansen's innovative nail products. The collaboration aims to promote inclusivity, self-expression, and individuality within the sports community and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.97%
Tags
-
Rhea-AI Summary
Coty (COTY) wins Euronext Best Listing Award in Large Cap category, raising €339.2 million in successful secondary listing on Euronext Paris. Sue Nabi, CEO, expresses pride in the achievement and thanks European investors for their trust. The award recognizes Coty's global offering and marks a significant milestone in the company's growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
-
Rhea-AI Summary
Coty Inc. announces a new partnership with HERSHEY'S KISSES for a limited-edition nail polish collection just in time for Easter. The Sally Hansen® x HERSHEY'S KISSES collection features Insta-Dri® polishes and Salon Effects® Perfect Manicure nails inspired by the iconic chocolate brand's foil wrapping and paper plume.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
Rhea-AI Summary
Calvin Klein Fragrances, a division of Coty Inc., announces Idris and Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign. The campaign captures moments of intimacy, inspired by eternal love, with a fresh and impactful approach. The fragrances for men and women feature a unique coconut note and are crafted by renowned perfumers. The campaign will be supported globally across various media platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
-
Rhea-AI Summary
Coty (COTY) completes the repurchase of 27 million shares at an attractive price, showcasing commitment to shareholder value. The company aims to reduce outstanding share count to around 800 million shares by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
-
Rhea-AI Summary
Coty reiterates its FY24 outlook of +9-11% LFL revenue growth and +11-12% adjusted EBITDA growth. The company reaffirms its medium-term algorithm for LFL revenue growth at the upper end of +6-8% and adjusted EBITDA at 9-11%. Coty is on track to reach ~2x leverage exiting CY25, showcasing strong financial progress and market positioning.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
Rhea-AI Summary
Coty Inc. signs a new long-term partnership with luxury Italian fashion house Etro to produce and distribute fragrance lines and home scent collections beyond 2040. The collaboration aims to explore new categories and innovations to expand the brand's beauty portfolio, reinforcing Coty's reputation as a go-to partner for global brands. Sue Nabi, Coty's CEO, and Fabrizio Cardinali, Etro's CEO, express excitement about the partnership and highlight the shared values of innovation and quality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.27%
Tags
-
Rhea-AI Summary
Coty Inc. (COTY) filed its quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2023 with the SEC. The report provides insights into the company's financial performance and can be accessed on the SEC's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.19%
Tags
-
Rhea-AI Summary
Coty Inc. reported strong Q2 and 1H24 sales that exceeded expectations, with Q2 sales growing 13% and 11% LFL, and 16% and 14% LFL growth for the first half. The company saw robust growth in both Prestige and Consumer Beauty categories, with strong momentum in fragrances, cosmetics, and skincare. Coty also experienced significant growth in e-commerce revenue, with over 20% growth for both Prestige and Consumer Beauty. The company also saw double-digit percentage LFL revenue growth across all regions. Operating income grew 19% to $236.7 million in Q2, with adjusted EBITDA growing 15% to $366.4 million. Coty's free cash flow totaled $363.0 million in Q2, with Financial Net Debt at $3.3 billion and Economic Net Debt at $2.2 billion at quarter end. The company also announced a new luxury license with Marni and multiple license extensions, further strengthening its portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.46%
Tags
Rhea-AI Summary
Sally Hansen Miracle Gel™ polish celebrates its 10th anniversary with the launch of a special Birthday collection, including a standout orange shade. The collection offers a chip-resistant, salon quality manicure that delivers up to 10 days of color and shine without the use of a UV lamp. The brand has expanded with over 100 shades, becoming a staple for at-home manicure enthusiasts. The birthday collection features 8 festive crème and shimmer shades for a soft glam nail look.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
COTY INC
NYSE:COTY
COTY Rankings
COTY Stock Data
10.36B
391.96M
59.99%
39.54%
2.54%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
United States of America
NEW YORK
About COTY
about coty inc. coty is one of the world’s largest beauty companies with approximately $9 billion in revenue, with a purpose to celebrate and liberate the diversity of consumers’ beauty. its strong entrepreneurial heritage has created an iconic portfolio of leading beauty brands. coty is the global leader in fragrance, a strong number two in professional salon hair color & styling, and number three in color cosmetics. coty operates three divisions – coty consumer beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances sold primarily in the mass retail channels with brands such as covergirl, max factor and rimmel; coty luxury, which is focused on prestige fragrances and skincare with brands such as calvin klein, marc jacobs, hugo boss, gucci and philosophy; and coty professional beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as wella professionals, sebastian profes