secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001024305-23-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000098/0001024305-23-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000098/coty-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001024305-23-000098

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