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.
Coty Inc. (NYSE: COTY; Paris: COTY) is a global beauty company with brands across fragrance, color cosmetics, and skin and body care, and its news flow reflects this broad portfolio and strategic focus. On this page, readers can follow regulatory announcements, earnings updates, capital markets activity, and product news that Coty discloses through press releases and SEC-related communications.
Recent Coty news has included leadership changes, such as the appointment of an Executive Chairman and Interim Chief Executive Officer, and board refreshment actions described in Form 8-K filings and the company’s proxy materials. Investors can also track Coty’s strategic moves, including the sale of its remaining stake in Wella to KKR-managed entities, the launch of a comprehensive strategic review of its Consumer Beauty business, and organizational changes to integrate Prestige Beauty and Mass Fragrance operations.
Earnings-related releases provide detail on quarterly and annual results, segment performance in Prestige and Consumer Beauty, and commentary on trends in fragrances, cosmetics, and skincare. These updates often include information on Coty’s fragrance launches, such as Burberry Goddess and BOSS Bottled Beyond, expansion into fragrance mists and scenting adjacencies, and new Consumer Beauty brands like Origen.
Capital structure and financing developments are another recurring theme in Coty’s news, including announcements about senior notes offerings, note pricing, and the intended use of proceeds to redeem existing debt. The company also issues news on sustainability milestones, such as its CSRD-aligned sustainability report and external ESG ratings.
By reviewing Coty news on this page, readers can monitor how the company communicates its strategy in prestige and mass beauty, its progress on deleveraging, and its ongoing product and brand initiatives across global markets.
Coty (NYSE: COTY) has announced a new global gender-neutral parental leave policy effective November 1st, allowing all employees equal access to fully paid parental leave for family expansion via pregnancy, adoption, or surrogacy. This initiative aims to foster inclusivity and address gender stereotypes. Chief HR Officer Anne Jaeckin states that this aligns with Coty's corporate values, promoting diversity and gender equality. This policy strengthens existing leave commitments and adheres to local regulations, representing a significant step in Coty's commitment to workplace inclusivity.
Coty (NYSE: COTY), a leading beauty company, introduces its new corporate identity emphasizing fearless kindness as part of a growth strategy under CEO
Coty Inc. has expanded its strategic partnership with Cruelty Free International, achieving Leaping Bunny certification for its brands Rimmel, Manhattan, and Risqué, joining COVERGIRL, which was certified in 2018. This certification signifies Coty's commitment to ending animal testing in the beauty industry and responds to consumer demand for cruelty-free products. The Leaping Bunny logo will appear on products later this year, ensuring compliance with rigorous standards. The approval represents a significant step in promoting cruelty-free beauty globally.
Coty Inc. hosted an Investor Event at its Monaco Skincare R&D center, detailing plans to reach $500M-$600M in skincare sales by FY25. The company raised its revenue and gross margin guidance for 1Q23, fueled by stronger demand and strategic portfolio updates across Prestige brands. Coty expects to achieve 6-8% LFL sales growth and a $955-$965M adjusted EBITDA for FY23. CEO Sue Y. Nabi emphasized the potential of their skincare segment amidst a projected growth of the global skincare market valued at $150 billion.
Coty Inc. (NYSE: COTY) reported a 10% sales increase in Q4 FY22, driven by strong performance in its Prestige and Consumer Beauty divisions, with LFL growth at 16%. For FY22, reported sales grew 15%, surpassing original targets. Gross margins expanded to 61.8%, despite inflationary pressures. The company's deleveraging efforts resulted in substantial EPS growth from $0.05 to $0.28. FY23 projections anticipate continued growth, with expected LFL revenue increases of 6-8%. Coty remains focused on innovation and expanding market share internationally, particularly in the Prestige beauty sector.
Coty Inc. (NYSE: COTY) has announced an investor event scheduled for September 21, 2022, in Monaco, focusing on its multi-brand skincare business. This sector is pivotal to Coty's growth strategy. The event will feature presentations from Coty’s CEO, Sue Y. Nabi, along with key members from R&D, marketing, and finance. The livestream will commence at 2:00 P.M. CET (8:00 A.M. EST) and will last approximately 90 minutes. Investors can access the livestream on Coty’s Investor Relations website.
Coty Inc. (NYSE: COTY) has signed a Global Travel Retail Joint Business Partnership with Ant Group to enhance digital cooperation in travel retail. This partnership positions Coty as the first beauty company to collaborate strategically in digital platforms like Alipay+, facilitating global cross-border mobile payments. Coty aims to expand its travel retail business, particularly in Asia-Pacific, where its travel retail saw significant growth last year, highlighted by a triple-digit increase in duty-free sales in China. The partnership focuses on improving customer experience through innovative digital marketing.
Coty Inc. (NYSE: COTY) reaffirms its expectations for 4Q22 and FY22 during the Deutsche Bank Global Consumer Conference on June 14, forecasting low double digits LFL sales growth for 4Q22 and upper mid-teens growth for FY22. The company anticipates Adjusted EBITDA of
Coty Inc. (NYSE: COTY) announces plans to enhance shareholder value through a disciplined deleveraging strategy aimed at achieving a 2x leverage target by CY25. Currently, the company has reduced its leverage from approximately 7x to 4.7x. Coty is set to initiate a $200 million share buyback program in 2024, supported by total return swaps with banks. The firm aims to generate strong free cash flow and progressively resume equity distributions as it continues to strengthen its balance sheet.
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