---
schema_version: "secwatch.filing_event.v1"
accession: "0001024305-23-000057"
form_type: "8-K"
ticker: "COTY"
cik: "0001024305"
company_name: "COTY INC."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:17:09.601502+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001024305-23-000057
- form_type: 8-K
- ticker: COTY
- cik: 0001024305
- company_name: COTY INC.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000057/0001024305-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000057/coty-20230822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001024305-23-000057
- JSON: https://secwatch.observer/filing/0001024305-23-000057.json
- Plain text: https://secwatch.observer/filing/0001024305-23-000057.txt

## Key facts
- Earnings Releases
  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
  source text: On August 22, 2023, Coty Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000057/0001024305-23-000057-index.htm

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