Welcome to our dedicated page for Coty news (Ticker: COTY), a resource for investors and traders seeking the latest updates and insights on Coty stock.
Coty Inc. (NYSE: COTY), a global leader in beauty products across fragrances, cosmetics, and professional salon solutions, maintains this dedicated news hub for stakeholders. Access verified press releases and market analysis covering financial results, brand partnerships, product innovations, and corporate developments.
This resource provides investors with timely updates on earnings reports, strategic acquisitions, and leadership changes while offering industry professionals insights into Coty's position within the competitive beauty landscape. Content spans three key areas: financial performance (quarterly earnings, dividend announcements), operational updates (supply chain improvements, sustainability initiatives), and market expansion (new product launches, geographic growth).
Bookmark this page for direct access to Coty's official communications and third-party analysis of material developments affecting the company's valuation and market strategy. Regular updates ensure you maintain current awareness of factors influencing COTY's position in the prestige beauty sector.
Coty (NYSE: COTY) has launched the next phase of its 'All-in to Win' transformation program, targeting approximately $130 million in fixed cost savings over the next two years. This initiative aims to simplify operations and boost market agility through streamlined organizational structures and enhanced innovation focus.
The program's key pillars include scaling markets and regions, streamlining support functions, boosting innovation impact, and optimizing administrative spending. The transformation, set to execute through first half of FY27, is expected to impact around 700 positions. Combined with ongoing productivity initiatives, total savings between FY25-FY27 are projected to reach nearly $500 million.
The company's previous transformation efforts from FY21-FY24 generated over $700 million in savings, achieving 400 basis points of gross margin expansion and delivering 13% LFL revenue CAGR.
Coty (NYSE: COTY) has achieved significant upgrades in its ESG ratings from major rating agencies. MSCI has elevated Coty's ESG rating to 'A' from 'BB', recognizing improvements in packaging waste, raw material sourcing, chemical safety, and corporate governance. The company maintained its maximum MSCI Carbon Footprint score.
Sustainalytics has improved Coty's ESG Risk Rating to 18.1 (low risk) from 23.9 (medium risk), positioning the company as a leader among global beauty companies and ranking 3rd out of 104 in Household Products companies. The improvement spans seven areas including environmental impact, biodiversity, water use, and data security.
These achievements follow Coty's CDP Climate Change disclosure improvement to A- in 2024 from B in 2023. The company's FY24 Sustainability Report highlighted an 82% reduction in Scope 1 and 2 emissions since 2019, a 65% cut in air freight emissions, and 100% renewable electricity usage in owned facilities.
Coty Inc. (NYSE: COTY) has announced the sale of its 20% stake in SKKN by Kim to SKIMS, marking the end of its partnership with Kim Kardashian. Following this transaction, SKIMS will consolidate the beauty and lifestyle ventures under a single brand.
The partnership, which began with Coty's investment in Kim Kardashian's beauty business in 2020 and was completed in 2021, has now concluded. Anna von Bayern, CEO of Kylie Cosmetics, highlighted the company's continued success with Kylie Cosmetics, which has grown 1.5x in the last two years and where Coty maintains majority ownership and perpetual license.
The proceeds from this divestment will be used to advance Coty's deleveraging strategy and invest in broader brand portfolio innovations. Coty continues to operate with its extensive prestige and mass beauty brands across fragrance, color cosmetics, skin and body care categories.
Coty (NYSE: COTY), a leading global beauty company, hosted a roundtable discussion as part of its #UndefineBeauty campaign to challenge restrictive beauty standards. The initiative, launched in 2023, aims to update outdated dictionary definitions of beauty that use limiting examples like 'she was considered a great beauty in her youth.'
The expert panel included perspectives from various fields including neuroscience, art, social media, and mental health. Notable participants included brain scientist John-Dylan Haynes, journalist Anita Bhagwandas, and Paralympic champion Denise Schindler. The campaign has reached over 350 million people globally and gained support from celebrities including Billy Porter, Priyanka Chopra-Jonas, and Marc Jacobs.
Coty CEO Sue Nabi emphasized the company's commitment to creating inclusive beauty standards and invites the public to sign the #UndefineBeauty petition on change.org to drive change in dictionary definitions.
Coty (NYSE: COTY) provided updates at the CAGNY 2025 Conference, highlighting its strong market position and financial progress. The company has outpaced the beauty market in 9 of the last 14 quarters, with fragrances accounting for over 60% of sales and an even larger portion of profit.
The company has demonstrated significant financial improvements, expanding adjusted gross margins by over 400 basis points and adjusted EBITDA margins by 130 basis points to 17.8% over the past 4 fiscal years. Notably, Coty achieved a leverage below 3x for the first time in over 8 years exiting CY24.
Looking forward, Coty aims to capture growth opportunities across price points ($5 to $500) in fragrances, while leveraging its multi-category expertise in cosmetics, bodycare, and skincare. The company targets continued margin expansion, double-digit adjusted EPS growth, and plans to reduce leverage to approximately 2x by the end of CY26.
Coty (NYSE:COTY) has announced the filing of its Form 10-Q quarterly report with the Securities and Exchange Commission (SEC) on February 10, 2025. The report covers the fiscal quarter that ended on December 31, 2024. The quarterly report can be accessed through the SEC's website.
Coty Inc. (NYSE: COTY) reported mixed financial results for 1H25 and Q2 FY2025. The company saw a 1% decrease in reported net revenue for 1H25, with a 2% LFL growth. Q2 showed a 3% decline in reported revenue and 1% LFL decline.
Key highlights include strong margin expansion, with adjusted gross margin reaching 66.8% in Q2 (up 170 basis points). The company achieved its lowest leverage in over 8 years, dropping below 3x. Operating income grew 13% to $268.2 million in Q2, while adjusted EBITDA increased 7% to $390.7 million.
Challenges included headwinds in the APAC region, particularly China and Travel Retail Asia, along with pressure in mass cosmetics. However, the fragrance category remained robust with high single-digit growth. The company announced a new beauty license agreement with Swarovski, with first launches expected in 2026.
Coty and Swarovski have announced a long-term beauty license agreement to develop, produce, and distribute fragrances. The partnership combines Coty's beauty expertise with Swarovski's crystal craftsmanship, aiming to create innovative beauty products. Swarovski, with its presence in over 140 countries through 2,300 boutiques, will leverage this partnership to enhance its brand presence in the beauty market while bringing its pop luxury essence to the industry.
The collaboration aligns with Coty's strategy of focusing on licenses with multi-category potential and will target key markets in EMEA, the Americas, and Asia. The first products under this licensing agreement are expected to launch in 2026.
Coty announced the early results of its cash tender offer for its 5.000% Senior Secured Notes due 2026. The company increased the tender offer from $250 million to $300 million, which was fully subscribed. As of November 20, 2024, $476,131,000 in principal amount was tendered, exceeding the Notes Cap. Due to oversubscription, Coty will accept notes on a prorated basis with an approximate proration factor of 63%. The Total Consideration is $1,000.00 per $1,000 principal amount, including a $30.00 early tender premium. The tender offer expires on December 6, 2024, with final settlement expected on December 10, 2024.
Coty Inc. (NYSE: COTY) has announced a cash tender offer to purchase up to $250 million of its outstanding 5.000% Senior Secured Notes due 2026. The tender offer includes a total consideration of $1,000 per $1,000 principal amount for notes tendered by the Early Tender Date of November 20, 2024. Additionally, Coty announced the full redemption of its €180.3 million 4.750% Senior Notes due 2026, scheduled for December 6, 2024. These actions align with Coty's deleveraging strategy to reduce total outstanding public debt.
