secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001024305-22-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty Q1 LFL sales +9% beats upwardly revised guidance; EBITDA +11%, FY23 outlook reaffirmed
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- Q1 LFL sales +9% (exceeded upwardly revised +8-9% guidance); sell-out low double digits Prestige, mid-high single digits Consumer Beauty.
- Adj. EBITDA $307.9M (+11% YoY); adj. operating income $249.6M (+24%); margin expanded 340bps to 18.0%.
- Reported EPS $0.15; adj. EPS $0.11 vs $0.08 prior, reflecting $0.04 negative mark-to-market on equity swap.
- Financial net debt $4.2B; leverage <4.5x, on track to ~4x exiting CY22; free cash flow $88.2M in Q1.
- FY23 outlook: adj. EBITDA $955-965M, adj. EPS $0.32-0.33, core LFL growth 6-8%, FX headwind 6-8% on sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430522000079/0001024305-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430522000079/coty-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001024305-22-000079

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