---
schema_version: "secwatch.filing_event.v1"
accession: "0001024305-23-000008"
form_type: "8-K"
ticker: "COTY"
cik: "0001024305"
company_name: "COTY INC."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:20:46.267848+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coty beats Q2 expectations, raises FY23 EPS guidance to $0.35-0.36

## Summary
- Q2 LFL sales +4% (ex-Russia +7%); adjusted op income +11% to $261.4M.
- FY23 adjusted EPS guidance raised to $0.35-0.36 (+20% YoY); EBITDA reaffirmed at $955-965M.
- Savings targets increased: FY24 $90M (up from $75M), new FY25 target of $75M.
- Financial leverage improved to 4.1x; targeting 3x by end CY23.
- Entered equity swap to hedge ~$200M share buyback in CY25.

## SEC filing metadata
- accession: 0001024305-23-000008
- form_type: 8-K
- ticker: COTY
- cik: 0001024305
- company_name: COTY INC.
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000008/0001024305-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000008/coty-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001024305-23-000008
- JSON: https://secwatch.observer/filing/0001024305-23-000008.json
- Plain text: https://secwatch.observer/filing/0001024305-23-000008.txt

## Key facts
- Earnings Releases
  COTY INC. updated its the second quarter of fiscal year 2023, ended December 31, 2022 guidance (raised).
  - Period: the second quarter of fiscal year 2023, ended December 31, 2022
  - Guidance: raised
  - Result: reported results
  source text: Coty Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000008/0001024305-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.