Coty Q3 sales +9% as reported, core LFL +15%; raises FY23 revenue and EPS guidance

COTY INC.

2023-Q3 EPS reported $0.54 revenue$4,202,500,000

Q3 adjusted EPS $0.19 (vs $0.03 a year ago); reported EPS $0.12; includes $0.13 equity swap mark-to-market benefit.
FY23 core LFL revenue growth now expected 9-10% (from 6-8%); adjusted EPS ex-swap raised to $0.38-0.39 (from $0.35-0.36).
Prestige segment LFL +16%, Consumer Beauty LFL +12%; both divisions delivered double-digit constant-currency growth.
Adjusted EBITDA guidance reaffirmed at $955-965M; leverage target ~3x by end of CY23.
Q3 free cash outflow $(178.5)M due to seasonal inventory build; YTD free cash flow $364.8M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COTY INC. reported the third quarter of fiscal year 2023, ended March 31, 2023 results: EPS $0.12. Guidance raised.

Period: the third quarter of fiscal year 2023, ended March 31, 2023
EPS: $0.12
Guidance: raised
Result: reported results

Exact text from the filing

3Q23 reported EPS was $0.12 and adjusted EPS totaled $0.19

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Source: SEC EDGAR

accession 0001024305-23-000034

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