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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

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23 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Miu Miu And Coty Reveal New Fragrance Called Miu Miu Twist
Tuesday, 15 Jan 2019 10:00am EST 

Jan 15 (Reuters) - Coty Inc ::MIU MIU AND COTY REVEAL THEIR NEW FRAGRANCE MIU MIU TWIST IN A UNIQUE CAMPAIGN, STARRING ELLE FANNING.  Full Article

Coty Names Pierre-André Terisse CFO
Friday, 11 Jan 2019 08:30am EST 

Jan 11 (Reuters) - Coty Inc ::COTY ANNOUNCES EXECUTIVE LEADERSHIP CHANGES TO SUPPORT ONGOING TRANSFORMATION AND FUTURE GROWTH.COTY INC - PIERRE-ANDRÉ TERISSE NAMED CHIEF FINANCIAL OFFICER.COTY INC - LUC VOLATIER NAMED CHIEF GLOBAL SUPPLY OFFICER.COTY INC - GIANNI PIERACCIONI NAMED CHIEF OPERATING OFFICER, CONSUMER BEAUTY.COTY INC - CORPORATE AFFAIRS FUNCTION WILL BE INTEGRATED INTO COTY'S THREE DIVISIONS AND FUNCTIONS.COTY INC - ESRA ERKAL-PALER, CHIEF CORPORATE AFFAIRS OFFICER, HAS DECIDED TO LEAVE COTY TO PURSUE OTHER OPPORTUNITIES.COTY INC - LAURENT KLEITMAN HAS DECIDED TO PURSUE OTHER OPPORTUNITIES AND WILL BE LEAVING COTY.  Full Article

Coty Qtrly Adjusted Earnings Per Share $0.14
Tuesday, 21 Aug 2018 06:30am EDT 

Aug 21 (Reuters) - Coty Inc ::COTY INC REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR RESULTS.SEES FY 2019 EARNINGS PER SHARE $0.74 TO $0.78.QTRLY LOSS PER SHARE $0.24.QTRLY ADJUSTED EARNINGS PER SHARE $0.14.NOW ANNOUNCING NEW COST SAVINGS PROGRAM.REPORTED Q4 NET REVENUES OF $2,299.4 MILLION, UP 2.6 PERCENT.NEW COST SAVINGS PROGRAM FULLY INDEPENDENT FROM P&G INTEGRATION EFFORTS.COTY - NEW COST SAVINGS PROGRAM TO ADD $250 MILLION IN RESTRUCTURING CHARGES, EXPECTED TO DELIVER UP TO $150 MILLION OF GROSS SAVINGS OVER 3-YEAR PERIOD.Q4 EARNINGS PER SHARE VIEW $0.13, REVENUE VIEW $2.32 BILLION -- THOMSON REUTERS I/B/E/S.CONTINUE TO EXPECT COST SYNERGIES OF ABOUT $750 MILLION VIA PROCUREMENT AND SUPPLY CHAIN SAVINGS AS WELL AS SG&A REDUCTIONS.Q4 GROWTH FOR CONSUMER AND PROFESSIONAL BEAUTY IMPACTED BY BRAZILIAN TRUCKER STRIKE.COTY- PEAK OF IMPACT OF SUPPLY CHAIN DISRUPTIONS DUE TO LOGISTICS & MANUFACTURING CONSOLIDATION WILL COME IN 1Q19, WITH SMALLER TAIL END IN 2Q19.HAVE SET A TARGET OF ACHIEVING BELOW 4.0X NET DEBT/ ADJUSTED EBITDA RATIO BY END OF CALENDAR 2020, DOWN FROM OUR CURRENT RATIO OF 5.27X.FOR FY19, TARGETING FLAT TO MODEST LFL NET REVENUE GROWTH.COTY-CONTINUE TO EXPECT INTEGRATION COSTS OF ABOUT $1.3 BILLION, & AS OF FY18, HAVE ACCRUED $1.15 BILLION OF COSTS, WITH REMAINING EXPECTED IN FY19-20.COTY- SUPPLY CHAIN DISRUPTIONS & IMPACT OF BRAND RATIONALIZATION PROGRAM EXPECTED TO DRIVE LOW TEENS DECLINE IN 1Q19 ADJUSTED OPERATING INCOME YOY.  Full Article

Coty Inc To Offer Senior Unsecured Notes Up To $2 Billion
Wednesday, 21 Mar 2018 08:43am EDT 

March 21 (Reuters) - Coty Inc ::COTY INC. TO OFFER SENIOR UNSECURED NOTES.COTY INC - ‍INTENTION TO OFFER UP TO $2 BILLION OF U.S. DOLLAR DENOMINATED AND EURO DENOMINATED SENIOR UNSECURED NOTES IN FOUR SERIES​.COTY - TO USE PROCEEDS, WITH BORROWINGS UNDER A CREDIT AGREEMENT TO REPAY, REFINANCE INDEBTEDNESS UNDER EXISTING CREDIT FACILITIES, AMONG OTHERS​.  Full Article

Coty Inc Posts Q2 Adjusted Earnings Per Share $0.32
Thursday, 8 Feb 2018 06:30am EST 

Feb 8 (Reuters) - Coty Inc ::COTY INC REPORTS SECOND QUARTER FISCAL 2018 RESULTS.QTRLY EPS DILUTED REPORTED $0.15.QTRLY ADJUSTED EARNINGS PER SHARE $0.32 ‍​.QTRLY NET REVENUES OF $2,637.6 MILLION INCREASED 14.8% AS REPORTED COMPARED TO PRIOR YEAR."WHILE REVENUE RECOVERY WILL NOT BE A STRAIGHT LINE, NOW AIM TO DELIVER POSITIVE BUT MODEST NET REVENUE GROWTH FOR THE H2 OF THE YEAR".QTRLY NET REVENUES OF $‍2,637.6 MILLION VERSUS $2,296.7 MILLION ​.COTY - ESTIMATES OVERALL IMPACT ON RECURRING TAX RATE TO BE NEUTRAL FROM BOTH CASH AND FINANCIAL STATEMENT FOR FISCAL 2018.‍"NOW AIM TO DELIVER POSITIVE BUT MODEST NET REVENUE GROWTH FOR SECOND HALF OF YEAR"​.‍"CONTINUE TO AIM FOR A HEALTHY IMPROVEMENT" IN MARGINS IN SECOND HALF OF YEAR VERSUS PRIOR YEAR​.FY2018 REVENUE VIEW $9.16 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Coty says sales in 2H will be roughly flat with previous year
Thursday, 9 Nov 2017 09:25am EST 

Nov 9 (Reuters) - Coty Inc :CFO on conf call - Q1 is the lowest quarter of the year from a revenue standpoint‍​.It will take longer to get $1.53 in EPS which co previously expected to achieve in 2020.CEO - we believe that we should retain most shelf space for our key brands.CEO - we believe that our sales in the second half will be roughly comparable with previous year, roughly flat.Co to destock Covergirl inventory in the coming quarter, preparing for the arrival of all the new products.We expect net revenue trends of Consumer Beauty to improve as a trend over the year and in the next quarters, starting from Q2.Expects to see increased shelf space and location for Clairol in 2H of FY2018.  Full Article

Coty qtrly loss per share $‍0.03​
Thursday, 9 Nov 2017 06:30am EST 

Nov 9 (Reuters) - Coty Inc : :Coty Inc. Reports first quarter fiscal 2018 results.Coty Inc - qtrly loss per share $‍0.03​.Qtrly adjusted earnings per share $0.10 ‍​.Coty Inc qtrly ‍net revenues of $2,238.3 million increased 5% for combined company at constant currency​.Coty - ‍excluding positive contribution from deals of GHD and Younique, combined company organic net revenues declined 2% on a constant currency basis​.Coty - ‍"saw strong growth in luxury, continued positive momentum in professional and a reduced net revenue decline in consumer beauty division" in quarter​.Q1 earnings per share view $0.07, revenue view $2.24 billion -- Thomson Reuters I/B/E/S.Coty Inc - ‍as of Sept 1, have exited third and final TSA with P&G for Almea region and now have control of processes, systems and data across new Coty​.Coty - ‍looking ahead to remainder of fiscal 2018 expect to continue to deliver on announced synergies, finalize streamlining of brand portfolio​.Coty Inc- ‍looking ahead to remainder of fiscal 2018, also expect to relaunch several key brands​.Coty - ‍negative free cash flow of $120.3 million was impacted by acquisition & restructuring costs, and declined from $101.8 million for legacy-coty in quarter.  Full Article

Coty Inc declares quarterly dividend of $0.125 per common share​
Thursday, 9 Nov 2017 06:30am EST 

Nov 9 (Reuters) - Coty Inc :Coty Inc Declares quarterly dividend.Coty Inc - ‍Declared a quarterly cash dividend of $0.125 per common share​.  Full Article

Coty Inc Q4 adjusted earnings per share $0.00
Tuesday, 22 Aug 2017 06:30am EDT 

Aug 22 (Reuters) - Coty Inc ::Coty Inc reports fiscal 2017 fourth quarter and full year results.Coty Inc - qtrly loss per share reported $0.41.Q4 adjusted earnings per share $0.00.Qtrly ‍net revenues of $2,241.3 million increased 100% as reported compared to legacy- Coty net revenues in prior-year period​.Q4 earnings per share view $0.09, revenue view $2.16 billion -- Thomson Reuters I/B/E/S.Q4 net revenues, including p&g brands, rose 5 percent at constant currency compared to prior year.Coty -in Q4, excluding contribution from acquisitions of ghd and Younique, combined co organic net revenues declined 3% in constant currency."Consumer beauty division remains under pressure and its recovery is a key priority for us"."Regarding P&G beauty business, our integration efforts are proceeding well and we remain on track with synergy delivery".  Full Article

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

UPDATE 3-Coty makes changes to top management amid supply chain issues

Jan 11 Cosmetics and fragrance maker Coty Inc announced a major management shakeup on Friday, two months after the CoverGirl and Max Factor brand owner appointed a new chief executive officer as it grapples with supply chain issues.