earnings
confidence high
sentiment positive
materiality 0.75
Coty FY24 LFL revenue +11%; adj. EBITDA $1.091B, above guidance; FY25 outlook in line with medium-term targets
COTY INC.
2024-FY EPS reported
$0.09
revenue$6,118,000,000
- FY24 net revenue $6,118M, +10% reported, +11% LFL, at upper end of 9-11% LFL guidance.
- FY24 adjusted EBITDA $1,091.1M, +12% YoY, exceeding guidance of $1,080-$1,090M.
- Q4 net revenue $1,363.4M, +1% reported, +5% LFL; adjusted operating income $108M, +3%.
- FY24 gross margin expanded 50 bps to 64.4%; adjusted operating margin 14.1%, +80 bps.
- FY25 targets: 6-8% LFL revenue growth, 9-11% adj. EBITDA growth, ~20% adj. EPS growth.