Coty raises Q4 FY23 like-for-like revenue growth outlook to 12-15%, boosts FY23 EBITDA guidance to $965-970M

COTY INC.

2023-FY EPS reported $0.57 revenue$5,554,100,000

Q4 FY23 LFL revenue growth now +12-15%, up from prior +10% outlook.
FY23 core LFL revenue growth raised to 10-11% (ex-Russia exit) vs prior 9-10%.
FY23 adjusted EBITDA guided to $965-970M, up from $955-965M despite $70M FX headwind.
Company maintains leverage target of ~3x by end of CY23 and ~2x by end of CY25.
Coty also announced exploration of a dual listing on Paris Euronext.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COTY INC. reported FY23 results: revenue 10-11% on a like-for-like (LFL) basis. Guidance raised.

Period: FY23
Revenue: 10-11% on a like-for-like (LFL) basis
Guidance: raised
Result: guidance update

Exact text from the filing

Coty now expects FY23 core revenue growth of 10-11% on a like-for-like (LFL) basis, when excluding the impact of the Russia exit, which is ahead of its previous outlook for 9-10% LFL growth

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COTY INC. reported Q4 FY23 results: revenue +12-15% on a like-for-like (LFL) basis. Guidance raised.

Period: Q4 FY23
Revenue: +12-15% on a like-for-like (LFL) basis
Guidance: raised
Result: guidance update

Exact text from the filing

increasing its guidance on Q4 FY23 revenue growth to +12-15% on a like-for-like (LFL) basis, up from its previous outlook for +10% growth

View on SEC.gov

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COTY INC. filing history →

Source: SEC EDGAR

accession 0001024305-23-000048

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