secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001024305-24-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430524000021/0001024305-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430524000021/coty-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001024305-24-000021

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