---
schema_version: "secwatch.filing_event.v1"
accession: "0001024305-23-000034"
form_type: "8-K"
ticker: "COTY"
cik: "0001024305"
company_name: "COTY INC."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:49:33.151836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001024305-23-000034
- form_type: 8-K
- ticker: COTY
- cik: 0001024305
- company_name: COTY INC.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000034/0001024305-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000034/coty-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001024305-23-000034
- JSON: https://secwatch.observer/filing/0001024305-23-000034.json
- Plain text: https://secwatch.observer/filing/0001024305-23-000034.txt

## Key facts
- Earnings Releases
  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
  source text: 3Q23 reported EPS was $0.12 and adjusted EPS totaled $0.19
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000034/0001024305-23-000034-index.htm

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