secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001024305-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000008/0001024305-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000008/coty-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001024305-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer