---
schema_version: "secwatch.filing_event.v1"
accession: "0001024305-23-000098"
form_type: "8-K"
ticker: "COTY"
cik: "0001024305"
company_name: "COTY INC."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T12:54:11.807474+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001024305-23-000098
- form_type: 8-K
- ticker: COTY
- cik: 0001024305
- company_name: COTY INC.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000098/0001024305-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000098/coty-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001024305-23-000098
- JSON: https://secwatch.observer/filing/0001024305-23-000098.json
- Plain text: https://secwatch.observer/filing/0001024305-23-000098.txt

## Key facts
- Earnings Releases
  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
  source text: On November 7, 2023, Coty Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024305/000102430523000098/0001024305-23-000098-index.htm

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