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.
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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.
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End-of-Day
-2.19%
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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.
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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.
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0.33%
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Coty (COTY) signs a long-term agreement with Italian luxury fashion brand Marni to develop, produce, and distribute fragrances and beauty products beyond 2040. The first offering is expected to launch in 2026, focusing on translating Marni’s creative identity into the realm of beauty. The agreement solidifies Coty’s commitment to strengthening its presence in the luxury fragrance segment through a partnership with Marni, reinforcing its alliance with OTB Group. This move aligns with Coty’s strategic direction of focusing on fashion-driven licenses with multi-category potential, resonating across key markets.
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0.33%
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Coty Inc. (COTY) renews its license agreement with bruno banani for over twenty years, marking a successful partnership with significant growth in fragrance and body care lines. The CEO, Sue Nabi, expresses delight in the renewal, highlighting the brand's success and plans for further growth in female fragrances and attracting younger consumers.
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1.32%
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Coty Inc. (NYSE: COTY) announces the renewal of their license agreement with Mexx, extending their partnership for more than 25 years. The agreement encompasses all Mexx fragrances and colognes. Coty's CEO, Sue Nabi, expressed delight in strengthening the relationship with Mexx and fueling ambitious expansion plans into new markets and categories. The Mexx founders also expressed excitement about the partnership, highlighting the shared values of collaboration, innovation, and sustainability. Mexx's fragrance line, launched in 2000, has become one of the top four fragrance brands in Germany.
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Sally Hansen is launching their first wearable accessories collection, Salon Effects® Nail Accents, along with 6 new shades for the Salon Effects® Perfect Manicure collection. The Nail Accents are easy-to-use nail decals that allow for fun experimentation with nail art without long-term commitment, while the Perfect Manicure shades are inspired by popular social media trends. The new products will be available on January 1, 2024, in various retail locations and online.
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-1.61%
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Coty Inc. (COTY) executives will present at upcoming investor events, including Morgan Stanley’s Global Consumer and Retail Conference, SHARE Series Women in Investing, and CAGNY 2024 Conference. Live webcasts will be available for all events.
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1.58%
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Coty Inc. (COTY) announces a significant expansion of its global gender-neutral parental leave policy in its 2023 Sustainability Report. The company sets a global minimum of 14 fully paid weeks for all employees, regardless of gender, exceeding targets across its three pillars: Product, Planet, and People. Coty exceeds its emissions reduction targets, energy reduction, and recycling rate. It commits to setting emissions reduction targets in line with science-based net-zero.
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0.71%
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Coty Inc. (COTY) announced a series of tender offers to purchase for cash up to $150,000,000 aggregate principal amount of the Company’s 6.500% Senior Notes due 2026 and up to $250,000,000 aggregate principal amount of the Company’s 5.000% Senior Notes due 2026, for a total aggregate purchase price of approximately $395 million. The Tender Offers are being made upon the terms and subject to conditions previously described in the Offer to Purchase, dated November 7, 2023.
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Rhea-AI Sentiment
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1.66%
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Coty Inc.
NYSE:COTY
COTY Rankings
COTY Stock Data
9.08B
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