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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

16.87USD
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

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

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 profit beats on demand for brands aimed at younger consumers

Beauty products maker Coty Inc posted a quarterly profit on Thursday that beat Wall Street estimates, selling more products geared toward millennials and making progress folding in newly-acquired brands in an expanded global portfolio.