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. reports recurring developments in its global beauty business, spanning prestige fragrances, color cosmetics, skin and body care, and mass-market beauty products. Company updates frequently cover sales trends by division, cash flow, debt reduction, product launches and campaigns for licensed fragrance franchises such as Calvin Klein, Hugo Boss, Burberry and Gucci.
News also reflects Coty's strategic and governance agenda, including the Coty.Curated framework, board refreshes, executive leadership changes and technology initiatives such as enterprise AI adoption. The company sells prestige and mass-market products in more than 120 countries and territories, giving its updates a recurring focus on brand investment, regional performance and portfolio priorities.
Orveda, the French biotech skincare brand, has opened its first US flagship boutique, La Maison Orveda New York City, on the Upper East Side. This 150 square foot wellness sanctuary combines luxury skincare, high-end fragrances, and curated art. The boutique features:
- Three treatment rooms for signature facials
- An event room for masterclasses and exhibitions
- A lounge area and product space
- An immersive room for Infiniment Coty Paris fragrances
The US is Orveda's leading global market, with a 54% sales increase last year. The brand plans to expand its US presence through new partnerships with Cos Bar and Nordstrom this fall.
Coty Inc. (NYSE: COTY; PARIS: COTY) has filed its annual report on Form 10-K for the fiscal year ended June 30, 2024, with the U.S. Securities and Exchange Commission (SEC) on August 20, 2024. This regulatory filing is a important document that provides comprehensive insights into the company's financial performance, business operations, and future outlook for the past fiscal year. Investors and stakeholders can access the full report on the SEC's website, offering transparency and detailed information about Coty's financial health and strategic direction.
Coty reported strong financial performance in FY24, with total net revenues growing by 10% on a reported basis and 11% on a like-for-like (LFL) basis. The company achieved double-digit growth across both its Prestige and Consumer Beauty segments, and exceeded global beauty market growth.
In FY24, Coty's Prestige net revenues rose by 13% and 14% on a reported and LFL basis, respectively, driven by strong performance in fragrances, cosmetics, and skincare. The Consumer Beauty segment saw a 6% increase in net revenues.
Coty's reported gross margin improved to 64.4% for FY24, while adjusted operating income grew by 17% to $863.4 million. However, the year saw a decrease in reported net income to $76.2 million from $495.0 million due to prior-year gains not recurring.
The company maintained its growth momentum across all regions, with significant contributions from the Americas, EMEA, and Asia Pacific. Coty's FY25 guidance aligns with its medium-term targets, expecting continued revenue growth and margin expansion.
Sally Hansen®, a Coty Inc. (NYSE: COTY) brand, is launching a -edition nail polish collection in partnership with Warner Bros. to celebrate the upcoming movie 'Beetlejuice Beetlejuice', set to release on September 6, 2024. The collection features 8 Miracle Gel™ shades inspired by the movie's characters, offering a chip-resistant, salon-quality manicure lasting up to 10 days without a UV lamp.
The range includes unique colors like 'Strange and Unusual' (crème red) and 'Ghost with the Most' (black and white glitter). Each bottle is adorned with iconic pinstripes and the movie title on the cap. The collection will be available in select markets globally starting this month, sold in mass-merchandisers, food, and e-commerce retailers for a time.
Sally Hansen® is launching a -edition nail polish collection in partnership with Warner Bros. Discovery to celebrate the release of 'Beetlejuice Beetlejuice' on September 6, 2024. The collection features 8 Miracle Gel™ shades inspired by the iconic movie character, offering a chip-resistant, salon-quality manicure lasting up to 10 days without a UV lamp.
The range includes colors like 'Strange and Unusual' (crème red), 'Ghost with the Most' (black and white glitter), and 'The Afterlife' (crème black). Each bottle is adorned with the character's signature pinstripes. The collection will be available from August 1, 2024, in mass-merchandisers, food, and e-commerce retailers nationwide.
Calvin Klein Fragrances, a division of Coty Inc. [NYSE: COTY], launches CK One Essence, a premium version of the iconic CK One fragrance. This new scent, created by Master Perfumer Alberto Morillas, features double the concentration of the original eau de toilette for long-lasting freshness. The fragrance combines Italian Bergamot, blood orange, organic green tea, and upcycled musk for a fresh, pure, and sensual scent.
The launch is accompanied by a campaign shot by Alasdair McLellan, showcasing the brand's signature black-and-white portraiture. CK One Essence will be available starting August 1st, 2024, in 50ml and 100ml sizes, with a 200ml size coming in April 2025. This release marks 30 years since the introduction of the original CK One, which revolutionized the fragrance industry as the world's first gender-inclusive scent.
Coty (NYSE: COTY), a global beauty leader, announced its executives will present at upcoming investor events in June 2023. On June 5, CEO Sue Nabi and CFO Laurent Mercier will present at the Deutsche Bank Global Consumer Conference in Paris at 10:30 am CET. Additionally, they will present at the Evercore ISI Virtual Consumer & Retail Conference on June 13 at 11:00 am ET. Webcasts for both events will be available at Coty's investor relations website.
Coty has announced the pricing of €500 million in Senior Secured Notes due 2027, with a 4.500% interest rate. The Notes, issued alongside its subsidiaries HFC Prestige Products and HFC Prestige International U.S. , are part of a private offering. Closing is expected on May 30, 2024, pending customary conditions. The proceeds will be used to redeem existing 6.500% Senior Notes due 2026, repay part of its revolving credit facility, and cover offering expenses. The Notes will be secured by first-priority liens, which will be released upon achieving investment-grade ratings from two of three major ratings agencies.
Coty announces the launch of a €500 million senior secured notes offering through its subsidiaries, HFC Prestige Products and HFC Prestige International U.S. The notes, subject to market conditions, will be secured by first priority liens on the same collateral as Coty's existing senior secured credit facilities and notes, and will be guaranteed by Coty's other subsidiaries. Upon achieving investment grade ratings from two out of three ratings agencies, the collateral will be released. The proceeds will be used to redeem Coty's existing 6.500% Senior Notes due 2026, repay parts of its revolving credit facility borrowings, and cover offering expenses. The notes and guarantees will be offered under Rule 144A and Regulation S, not registered under the Securities Act of 1933.
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.