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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

19.23USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Coty sets quarterly cash dividend of $0.125 per share
Wednesday, 10 May 2017 06:30am EDT 

May 10 (Reuters) - Coty Inc :Coty inc. Declares quarterly dividend.Sets quarterly cash dividend of $0.125per share.  Full Article

Coty Q3 loss per share $ 0.22
Wednesday, 10 May 2017 06:30am EDT 

May 10 (Reuters) - Coty Inc :Coty Inc. Reports third quarter fiscal 2017 results.Q3 adjusted earnings per share $0.15.Q3 revenue $2.032 billion.Qtrly loss per share $ 0.22.Q3 earnings per share view $0.13, revenue view $1.94 billion -- Thomson Reuters I/B/E/S.Qtrly net revenues $ 2,032.1 million versus $ 950.7 million last year.Coty-On integration of P&G beauty business, co is making "good progress" and exited transitional services agreement in North America on May 1.Coty Inc - expect constant currency net revenue trends in Q4 excluding younique and GHD to "weaken" sequentially versus Q3.  Full Article

Coty enters exclusive licensing agreement for some Burberry products
Monday, 3 Apr 2017 05:00am EDT 

Coty Inc : Entered agreement to acquire exclusive long-term global license rights for Burberry beauty luxury fragrances, cosmetics and skincare . Coty will pay a cash consideration of 130 mln pounds for long-term exclusive global license .Deal is expected to close in calendar Q4 2017, at which point Coty will buy from Burberry approximately 50 mln pounds of inventory.  Full Article

Coty Inc qtrly adjusted EPS $ 0.30
Thursday, 9 Feb 2017 06:30am EST 

Coty Inc : Coty inc - qtrly eps (diluted) adjusted $ 0.30 . Coty inc qtrly net revenues of $2,296.7 million increased 90% as reported compared to legacy-coty net revenues in prior-year period . Coty inc. Reports second quarter fiscal 2017 results, the first quarter after successful completion of the merger with p&g beauty business . Sees fy 2016 revenue about $400 million . "believe combined company net revenue decline in constant currency will slow down for h2 fiscal 2017, excluding younique and ghd" . Coty inc qtrly earnings per share $0.06 . On p&g beauty business merger, we are reiterating our previously communicated $750 million synergy target by fiscal 2020 . Coty inc - expects combined company net revenue decline in constant currency to slow down for second half of fiscal 2017, excluding younique and ghd . Coty inc qtrly net revenues $2,296.7 million versus $1,210.5 million . Q2 earnings per share view $0.33, revenue view $2.36 billion -- Thomson Reuters I/B/E/S . coty-"we have identified non-core portfolio of brands and are now exploring potential alternatives for these brands including divestitures." .Says now expects to cumulatively generate approximately 20% of net $750m synergies through fy17.  Full Article

Coty reports qtrly adj EPS of $0.30
Thursday, 9 Feb 2017 06:30am EST 

Coty Inc : Coty Inc reports second quarter fiscal 2017 results, the first quarter after successful completion of the merger with P&G Beauty Business . Coty's partly-owned company Younique expects to generate about $400 million in net revenues in 2016 . Qtrly eps (diluted) adjusted $0.30 . Qtrly net revenues of $2,296.7 million increased 90% as reported compared to legacy-coty net revenues in prior-year period . "Believe combined company net revenue decline in constant currency will slow down for H2 fiscal 2017, excluding Younique and ghd" . Qtrly earnings per share $0.06 . On P&G Beauty Business merger, we are reiterating our previously communicated $750 million synergy target by fiscal 2020 . Expects combined company net revenue decline in constant currency to slow down for second half of fiscal 2017, excluding Younique and ghd . Qtrly net revenues $2,296.7 million versus $1,210.5 million . Q2 earnings per share view $0.33, revenue view $2.36 billion -- Thomson Reuters I/B/E/S . "We have identified non-core portfolio of brands and are now exploring potential alternatives for these brands including divestitures." .Says now expects to cumulatively generate approximately 20% of net $750m synergies through FY17.  Full Article

Coty says if Younique deal is terminated, co to pay Younique $18 mln termination fee
Tuesday, 10 Jan 2017 09:34am EST 

Coty Inc :Coty Inc- If deal with Younique is terminated under certain specified circumstances, Coty will be obligated to pay Younique $18 million termination fee.  Full Article

Coty to enter into partnership with Younique
Tuesday, 10 Jan 2017 09:00am EST 

Coty Inc : Coty to enter into partnership with younique, a leading online peer-to-peer social selling platform in beauty . Entered into a partnership with founders of Younique . Intends to acquire 60 pct of younique while founders will own remaining 40 pct. . Younique expects to generate approximately $400 million in net revenues in 2016 . Coty will acquire a 60 pct stake of Younique for approximately $600 million in cash . Transaction is expected to be immediately accretive to Coty's top-line growth, EBITDA margin and FY17 earnings . Younique will operate as a separate business within Coty's consumer beauty division . Younique will operate as a separate business within Coty's consumer beauty division . Deal will be funded through a combination of cash on hand and available debt facilities with marginal impact on Coty's leverage ratio .Younique will continue to be led by its current CEO, Derek Maxfield, chief visionary officer, Melanie Huscroft.  Full Article

Coty board approves first qtrly dividend of $0.125/shr
Friday, 9 Dec 2016 08:00am EST 

Coty Inc : Coty Inc announces 82% dividend increase and transition to quarterly dividend payout .Coty- board approved Coty's first quarterly dividend of $0.125 per share of common stock.  Full Article

Jpmorgan chase reports 11.4 percent passive stake in Coty Inc
Thursday, 6 Oct 2016 03:44pm EDT 

Coty Inc :Reports 11.4 pct passive stake in Coty Inc as of Sept 30, 2016 - SEC filing.  Full Article

P&G - final proration factor of about 15 pct for shares tendered in specialty beauty brands exchange offer
Wednesday, 5 Oct 2016 09:00am EDT 

Procter & Gamble Co :Procter & Gamble announces final proration factor of 15.0123 pct for shares tendered in P&G specialty beauty brands exchange offer.  Full Article

Luxury firms' online battle boosted by EU court adviser's Coty stance

LUXEMBOURG A decade-long battle by luxury brands to defend their image neared an end on Wednesday when an adviser to Europe's top court said Coty can block a German retailer from selling its beauty products via online marketplaces.