Coty Provides Update on Category Leadership, Financial Progress, and Strategy to Fuel Outperformance of Beauty Market at CAGNY 2025 Conference
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) ha fornito aggiornamenti durante la Conferenza CAGNY 2025, evidenziando la sua forte posizione di mercato e i progressi finanziari. L'azienda ha superato il mercato della bellezza in 9 degli ultimi 14 trimestri, con le fragranze che rappresentano oltre il 60% delle vendite e una parte ancora maggiore del profitto.
L'azienda ha dimostrato significativi miglioramenti finanziari, espandendo i margini lordi rettificati di oltre 400 punti base e i margini EBITDA rettificati di 130 punti base, raggiungendo il 17,8% negli ultimi 4 anni fiscali. È importante notare che Coty ha raggiunto un leverage inferiore a 3x per la prima volta in oltre 8 anni al termine del CY24.
Guardando al futuro, Coty mira a catturare opportunità di crescita in vari fasci di prezzo (da 5 a 500 dollari) nelle fragranze, sfruttando la sua esperienza multi-categoria in cosmetici, cura del corpo e cura della pelle. L'azienda punta a un'ulteriore espansione dei margini, una crescita a due cifre dell'EPS rettificato e prevede di ridurre il leverage a circa 2x entro la fine del CY26.
Coty (NYSE: COTY) proporcionó actualizaciones en la Conferencia CAGNY 2025, destacando su sólida posición en el mercado y el progreso financiero. La compañía ha superado al mercado de la belleza en 9 de los últimos 14 trimestres, con las fragancias representando más del 60% de las ventas y una porción aún mayor de las ganancias.
La empresa ha demostrado mejoras financieras significativas, ampliando los márgenes brutos ajustados en más de 400 puntos básicos y los márgenes EBITDA ajustados en 130 puntos básicos, alcanzando el 17,8% en los últimos 4 años fiscales. Cabe destacar que Coty logró un apalancamiento por debajo de 3x por primera vez en más de 8 años al finalizar el CY24.
De cara al futuro, Coty busca captar oportunidades de crecimiento en distintos puntos de precio (de 5 a 500 dólares) en fragancias, aprovechando su experiencia en múltiples categorías en cosméticos, cuidado del cuerpo y cuidado de la piel. La compañía tiene como objetivo continuar la expansión de márgenes, un crecimiento de EPS ajustado de dos dígitos, y planea reducir el apalancamiento a aproximadamente 2x para finales del CY26.
Coty (NYSE: COTY)는 CAGNY 2025 컨퍼런스에서 강력한 시장 위치와 재무 발전을 강조하며 업데이트를 제공했습니다. 이 회사는 지난 14분기 중 9분기 동안 뷰티 시장을 초과 달성했으며, 향수가 매출의 60% 이상과 더 큰 이익의 비율을 차지하고 있습니다.
회사는 조정된 총 마진을 400포인트 이상 확대하고 조정 EBITDA 마진을 130포인트 확대하여 지난 4개 회계 연도 동안 17.8%에 도달하는 등 상당한 재무 개선을 보여주었습니다. 특히, Coty는 CY24 종료 시점에서 8년 만에 처음으로 3배 이하의 레버리지를 달성했습니다.
앞으로 Coty는 향수 분야에서 가격대($5~$500) 전반에 걸쳐 성장 기회를 포착하고, 화장품, 바디케어, 스킨케어 분야의 다중 카테고리 전문성을 활용하고자 합니다. 회사는 지속적인 마진 확장, 두 자릿수 조정 EPS 성장 목표 및 CY26 말까지 약 2배로 레버리지를 줄일 계획입니다.
Coty (NYSE: COTY) a fourni des mises à jour lors de la Conférence CAGNY 2025, mettant en avant sa solide position sur le marché et ses progrès financiers. L'entreprise a dépassé le marché de la beauté dans 9 des 14 derniers trimestres, les parfums représentant plus de 60% des ventes et une part encore plus importante des bénéfices.
L'entreprise a démontré des améliorations financières significatives, élargissant les marges brutes ajustées de plus de 400 points de base et les marges EBITDA ajustées de 130 points de base, atteignant 17,8% au cours des 4 dernières années fiscales. Il est à noter que Coty a atteint un levier inférieur à 3x pour la première fois en plus de 8 ans à la fin du CY24.
En regardant vers l'avenir, Coty vise à saisir des opportunités de croissance à travers des points de prix (de 5 à 500 dollars) dans les parfums, tout en tirant parti de son expertise multi-catégorie en cosmétiques, soins du corps et soins de la peau. L'entreprise vise une expansion continue des marges, une croissance à deux chiffres du BPA ajusté et prévoit de réduire le levier à environ 2x d'ici la fin du CY26.
Coty (NYSE: COTY) hat auf der CAGNY 2025-Konferenz Updates bereitgestellt und dabei seine starke Marktposition und finanzielle Fortschritte hervorgehoben. Das Unternehmen hat den Beauty-Markt in 9 der letzten 14 Quartale übertroffen, wobei Düfte über 60% des Umsatzes und einen noch größeren Anteil des Gewinns ausmachen.
Das Unternehmen hat erhebliche finanzielle Verbesserungen gezeigt, indem es die bereinigten Bruttomargen um über 400 Basispunkte und die bereinigten EBITDA-Margen um 130 Basispunkte auf 17,8% in den letzten 4 Geschäftsjahren ausgeweitet hat. Bemerkenswert ist, dass Coty zum ersten Mal seit über 8 Jahren am Ende von CY24 einen Verschuldungsgrad von unter 3x erreicht hat.
Für die Zukunft plant Coty, Wachstumschancen in verschiedenen Preispunkten (5 bis 500 Dollar) im Bereich Düfte zu nutzen und dabei seine Multi-Kategorie-Expertise in Kosmetik, Körperpflege und Hautpflege zu nutzen. Das Unternehmen strebt eine weitere Margenausweitung, ein zweistelliges Wachstum des bereinigten EPS an und plant, den Verschuldungsgrad bis Ende CY26 auf etwa 2x zu reduzieren.
- Outperformed beauty market in 9 of last 14 quarters
- 400+ basis points expansion in adjusted gross margins over past 4 fiscal years
- 130 basis points improvement in adjusted EBITDA margins to 17.8%
- Achieved leverage below 3x for first time in 8+ years
- Fragrances represent over 60% of sales and larger portion of profit
- None.
Insights
Coty's financial transformation presents a compelling narrative of strategic execution and financial discipline. The reduction in leverage to below 3x marks a pivotal milestone in their deleveraging journey, significantly improving their financial flexibility and potential for strategic investments. The 400+ basis point expansion in adjusted gross margins over four fiscal years demonstrates successful premium positioning and operational efficiency improvements.
The company's dominance in fragrances, contributing over 60% of sales and an even larger share of profits, provides a robust foundation for growth. Their strategic approach to cover the entire price spectrum from
The consistent market outperformance in 9 out of 14 quarters indicates strong execution capabilities and effective brand management. The focus on structural tailwinds in fragrances, combined with established positions in cosmetics and bodycare, creates multiple growth vectors. The target of ~2x leverage by CY26 end, coupled with projected double-digit adjusted EPS growth, suggests a balanced approach to growth and financial health.
Key considerations for investors include:
- Margin expansion sustainability through premiumization and operational efficiency
- Multi-category strategy reducing dependence on single category risks
- Strong cash flow generation potential from reduced interest burden
- Market share gains in both mass and prestige segments
Coty to Overdrive Fragrance Category Across Price Points, from
Leading Position and Capabilities in Fragrances, Plus Multi-Category Expertise, to Fuel Expansion
On Track to Deliver Leading TSR Through Profit, EPS, and Free Cash Flow Expansion
Strong Progress Towards ~2x Leverage Target Exiting CY26
Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to confirm that Chief Executive Officer Sue Nabi and Chief Financial Officer Laurent Mercier will present at the 2025 Consumer Analyst Group of New York Conference (CAGNY) on Wednesday, February 19 at 4:00pm EST or 10:00pm CET.
Coty will provide an update on its category leadership, financial and strategic progress, and how it plans to fuel outperformance of the beauty market, while capturing white-space opportunities across categories and price points.
Coty has consistently outpaced the beauty market in 9 of the last 14 quarters through best-in-class execution of its strategic growth pillars. The Company continues to leverage its global leadership position in both prestige and mass fragrances, its best-in-class fragrance capabilities and robust brand portfolio to fuel strong sell-out growth for its fragrance business, which accounts for over
The Company’s strategic progress is complemented by a disciplined financial approach and a robust deleveraging agenda. Over the past 4 fiscal years, Coty has expanded its adjusted gross margins by over 400 basis points and adjusted EBITDA margins by 130 basis points to
Sue Nabi, Coty’s CEO, said, “The beauty market has evolved considerably since we first unveiled our strategy over three years ago. We see significant growth opportunities for our core brands in the coming years, particularly in the fragrance category, where structural tailwinds are supporting category growth. Our fragrance portfolio delivered outperformance at all price points in the first half of this year, driven by strong momentum across iconic brands including Hugo Boss, Burberry, Chloe and Marc Jacobs.
“With 2025 emerging as a key year for the sector, we are confident in our ability to fuel Coty’s outperformance of the global beauty market and deliver long-term growth, leveraging our multi-category beauty expertise, track record of innovation and IP utilisation, and diversified portfolio of brands across the price spectrum.”
The presentation accompanying management’s remarks will be available on Coty’s Investor Relations website, under Events and Presentations. A live webcast of the presentation will begin at 4:00pm EST or 10:00pm CET, and a replay of Coty’s remarks will be available at investors.coty.com/news-events-and-presentations.
About Coty Inc.
Founded in
Cautionary Note Regarding Forward-looking Statements
The statements contained in this press release include certain “forward-looking statements” within the meaning of the securities laws. These forward-looking statements reflect Coty’s current views with respect to, among other things, its outlook, expected guidance, trends and strategic information. These forward-looking statements are generally identified by words or phrases, such as “anticipate,” “are going to,” “estimate,” “plan,” “project,” “expect,” “believe,” “intend,” “foresee,” “forecast,” “will,” “may,” “should,” “outlook,” “continue,” “target,” “aim,” “potential” and similar words or phrases. These statements are based on certain assumptions and estimates that Coty considers reasonable and are not guarantees of Coty’s future performance, but are subject to a number of risks and uncertainties, many of which are beyond Coty’s control, which could cause actual events or results to differ materially from such statements, including the factors identified in “Risk Factors” included in Coty’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and its subsequent quarterly reports on Form 10-Q. All forward-looking statements made in this press release are qualified by these cautionary statements. These forward-looking statements are made only as of the date of this press release, and Coty does not undertake any obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise.
Coty provides guidance only on a non-GAAP basis and does not provide reconciliations of such forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for restructuring, integration and acquisition-related expenses, amortization expenses, adjustments to inventory, and other charges reflected in our reconciliation of historic numbers, the amount of which, based on historical experience, could be significant.
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For more information:
Investor Relations
Olga Levinzon
+1 212 389-7733
olga_levinzon@cotyinc.com
Media
Antonia Werther
+31 621 394495
Antonia_Werther@cotyinc.com
Source: Coty
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