Coty beats FY23 with 12% core LFL growth; FY24 guidance at top of target range

COTY INC.

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

Q4 net revenue +16% as reported (+17% LFL); FY23 core LFL sales grew 12%, above 9-10% guidance.
FY23 adjusted EBITDA $972.8M, ahead of raised guidance of $965-970M; adjusted EPS $0.53, +89% YoY.
FY24 expects core LFL growth at top of 6-8% range; adjusted EBITDA target $1,065-1,075M; adjusted EPS $0.44-0.47.
Signed LOI to sell 3.6% of Wella stake to IGF Wealth Management for $150M, part of deleveraging plan.
Leverage improved to 4.1x at Q4 end; targeting ~3x exiting CY23 and ~2.5x exiting CY24.

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 financial results for fourth quarter of fiscal year 2023, ended June 30, 2023.

Period: fourth quarter of fiscal year 2023, ended June 30, 2023
Result: reported results

Exact text from the filing

On August 22, 2023, Coty Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended June 30, 2023.

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COTY INC. filing history →

Source: SEC EDGAR

accession 0001024305-23-000057

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