earnings
confidence medium
sentiment neutral
materiality 0.65
Coty pre-announces Q1 LFL growth ~4-5% (below prior ~6%); Q1 EBITDA ~flat; reaffirms FY25 EBITDA +9-11%
COTY INC.
2025-Q1 EPS reported
$0.09
revenue$1,671,500,000
- Q1 LFL sales growth ~4-5%, below prior estimate of 6%, due to tight retailer inventory management in US, Australia, China, Travel Retail Asia.
- Q1 adjusted EBITDA expected roughly flat to moderately lower YoY despite strong gross margin expansion.
- Reiterates FY25 adjusted EBITDA growth target of +9-11% YoY, implying stronger EBITDA margin expansion than FY24's 30 bps.
- Increasing cost savings target well above initial ~$75M for FY25 to navigate cautious retailer behavior and macroeconomic uncertainty.
- Q2 LFL sales expected to grow moderately, with acceleration in H2; full Q1 results and live Q&A on Nov 6-7, 2024.