Coty Reaffirms Sales and Profit Guidance for Fiscal 2022

Rhea-AI Summary

Coty Inc. (NYSE: COTY) reaffirms its expectations for 4Q22 and FY22 during the Deutsche Bank Global Consumer Conference on June 14, forecasting low double digits LFL sales growth for 4Q22 and upper mid-teens growth for FY22. The company anticipates Adjusted EBITDA of $900M and Adjusted EPS between $0.23-$0.27 for FY22. Coty continues to focus on brand empowerment and sustainability while navigating forward-looking uncertainties.

Positive

• Expected low double digits LFL sales growth in 4Q22.
• Upper mid-teens LFL sales growth forecast for FY22.
• Adjusted EBITDA expected to be $900M for FY22.
• Adjusted EPS forecasted between $0.23 and $0.27 for FY22.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- In conjunction with its presentation and discussions tomorrow June 14^th at the Deutsche Bank dbAccess Global Consumer Conference 2022, Coty Inc. (NYSE: COTY) reaffirms its outlook for both 4Q22 and FY22. The Company continues to expect low double digits LFL sales growth in 4Q22, with FY22 LFL sales growth at the upper end of its guidance range of low-to-mid teens. Adjusted EBITDA is expected to be $900M in FY22. Adjusted EPS is on-track to be $0.23-$0.27 for FY22.

A webcast of tomorrow’s discussion at the Deutsche Bank conference will take place at 5:15 AM EST (11:15 CET) and can be accessed on Coty’s Investor Relations website (investors.coty.com).

About Coty Inc.

Founded in Paris in 1904, Coty is one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in more than 130 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to making a positive impact on the planet. Learn more at coty.com or on LinkedIn and Instagram.

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, 2021 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220613005640/en/

Investor Relations

Olga Levinzon

212-389-7733

Olga_Levinzon@cotyinc.com

Media

Antonia Werther

+31 621 394495

Antonia_Werther@cotyinc.com

Source: Coty Inc.

FAQ

What are Coty Inc.'s sales growth expectations for FY22?

Coty Inc. expects upper mid-teens LFL sales growth for FY22.

What is Coty Inc.'s projected Adjusted EBITDA for FY22?

Coty Inc. projects an Adjusted EBITDA of $900M for FY22.

What is the estimated Adjusted EPS for Coty Inc. in FY22?

The estimated Adjusted EPS for Coty Inc. in FY22 is between $0.23 and $0.27.

When is Coty Inc.'s presentation at the Deutsche Bank conference?

Coty Inc.'s presentation at the Deutsche Bank Global Consumer Conference is on June 14, 2022.