secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001024305-25-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty Q2 revenue down 1% LFL; adjusted EPS $0.11; leverage below 3x; director resigns
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- Q2 net revenue $1,669.9M, LFL -1%; CEO says trends below expectations; expects headwinds to continue.
- Adjusted EPS $0.11 (down 56% YoY); adjusted EBITDA $390.7M (+7%); gross margin expanded 170bps to 66.8%.
- Net debt/adjusted EBITDA leverage fell to 2.9x, lowest in over 8 years; free cash flow $419M in Q2.
- Board member Maria Asuncion Aramburuzabala Larregui resigned effective Feb 7, 2025, for personal reasons.
- Coty signed new beauty license with Swarovski to develop fragrances; first offering expected in 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430525000006/0001024305-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430525000006/coty-20250210.htm
  HTML page:      https://secwatch.observer/filing/0001024305-25-000006

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