Coty Q1 FY2024 sales +18% LFL; raises FY24 revenue and EBITDA guidance

COTY INC.

2024-Q1 EPS reported $0.00 revenue$1,641,400,000

Q1 adjusted EBITDA $360.3M (+17% YoY); adjusted EPS $0.09 (incl negative $0.06 equity swap impact).
Raises FY24 LFL revenue guidance to +9-11% (prev +8-10%); EBITDA guidance to $1,080-1,090M.
Free cash flow $124.0M, up 41% YoY; financial leverage 3.8x, targeting ~3x exiting CY23.
Terminated partial sale of Wella stake due to misaligned terms; still targeting full divestiture by end CY25.
Plans 27M share buyback in Q3 via equity swap; targeting diluted share count ~800M by FY26.

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 0.4

COTY INC. reported financial results for first quarter of fiscal year 2024, ended September 30, 2023.

Period: first quarter of fiscal year 2024, ended September 30, 2023
Result: reported results

Exact text from the filing

On November 7, 2023, Coty Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended September 30, 2023.

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COTY INC. filing history →

Source: SEC EDGAR

accession 0001024305-23-000098

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