secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001024305-24-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty Q1 net revenues $1.67B, up 2% reported & 4.5% LFL; reiterates FY25 EBITDA target
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- Reported net income $79.6M vs. loss of $1.7M YoY; adjusted EPS $0.15, up 67%.
- Prestige net revenues +5% (7% LFL) driven by 6% reported / 9% LFL fragrance growth.
- Consumer Beauty net revenues -3% (flat LFL) as U.S. mass cosmetics weakness offset mass fragrance gains.
- Gross margin expanded 200 bps to 65.5%; adjusted EBITDA $360.1M flat YoY.
- Reiterates FY25 adjusted EBITDA target of close to double-digit growth; leverage ratio 3.4x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430524000070/0001024305-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430524000070/coty-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001024305-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer