secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001024305-23-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000048/0001024305-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000048/coty-20230706.htm
  HTML page:      https://secwatch.observer/filing/0001024305-23-000048

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