secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001024305-23-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000034/0001024305-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000034/coty-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001024305-23-000034

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