Coty Q3 FY24 revenue up 10% LFL, beats guidance; FY24 outlook raised to high end

COTY INC.

2024-Q3 EPS reported $0.20 revenue$4,754,600,000

Q3 net revenues $1.39B, +10% LFL, ahead of H2 guidance of +6-8% LFL; Prestige LFL +13%, Consumer Beauty +6%.
Adjusted operating income $143.9M (+17% YoY); adjusted gross margin 64.8% (+190bps YoY); adjusted EBITDA $199.9M (+10%).
Reported net income near zero ($0.5M) vs $105.1M prior; adjusted EPS $0.05, decline driven by mark-to-market on forward repurchase contracts.
FY24 full-year guidance raised to high end of prior range (third raise this year); e-commerce now ~20% of sales.
Prestige fragrance share gains; growth engine markets (Brazil, LATAM, SE Asia) delivered >20% LFL growth in Q3.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COTY INC. updated its the third quarter of fiscal year 2024, ended March 31, 2024 guidance (raised).

Period: the third quarter of fiscal year 2024, ended March 31, 2024
Guidance: raised
Result: reported results

Exact text from the filing

On May 6, 2024, Coty Inc. (the “Company”) issued a press release announcing its financial results for its fiscal quarter ended March 31, 2024. The release also includes forward-looking statements about the Company’s outlook.

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Source: SEC EDGAR

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