Coty to Provide Update on Unlocking Potential at CAGNY 2023 Conference

Rhea-AI Summary

Coty (NYSE: COTY) is set to present at the 2023 Consumer Analyst Group of New York Conference on February 21, 2023, at 1:00 P.M. EST. CEO Sue Y. Nabi and CFO Laurent Mercier will discuss the beauty market, recent skincare investments, and growth opportunities. Coty reports an acceleration in fiscal Q3 core like-for-like (LFL) sales growth to over 7% and reaffirms its FY23 outlook, including adjusted EBITDA and EPS guidance. The company plans to reinvest profits into skincare initiatives while outlining financial goals for FY26 and beyond.

Positive

• Q3 core LFL sales growth accelerated to over 7%, indicating strong market performance.
• Reiterated FY23 outlook, including adjusted EBITDA and EPS guidance, reflecting ongoing confidence.
• Plans to reinvest incremental profits into critical skincare initiatives, signaling commitment to long-term growth.

Negative

• None.

• Management Of Global Beauty Powerhouse Will Highlight Coty’s Strong Progress Through FY23 and Significant Untapped Potential in Years Ahead
• Coty Reiterates FY23 Outlook, Including Adjusted EBITDA and EPS Guidance, with Q3 Off to a Strong Start

NEW YORK--(BUSINESS WIRE)-- Coty (NYSE: 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 Y. Nabi and Chief Financial Officer Laurent Mercier will present at the 2023 Consumer Analyst Group of New York Conference (CAGNY) on Tuesday, February 21 at 1:00 P.M. EST or 7:00 P.M. CET.

Coty will provide perspectives on the current beauty market, its latest skincare investments, and future growth opportunities. Coty will share that its fiscal Q3 core LFL sales growth is accelerating from the +7% core LFL sales growth in Q2, while reiterating confidence in its FY23 outlook, including its adjusted EBITDA and adjusted EPS guidance, as the company intends to reinvest incremental profit into its critical skincare initiatives. Coty will further outline details for its financial goals through FY26 and beyond.

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 1:00 P.M. EST and a replay of Coty’s remarks will be available at investors.coty.com/news-events-and-presentations.

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, 2022 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/20230221005645/en/

Investor Relations

Olga Levinzon

+1 212 389-7733

olga_levinzon@cotyinc.com

Media

Antonia Werther

+31 621 394495

Antonia_Werther@cotyinc.com

Source: Coty

FAQ

What is Coty's revenue outlook for FY23?

Coty reaffirms its FY23 outlook, including adjusted EBITDA and EPS guidance, indicating a positive revenue trajectory.

When will Coty present at the CAGNY conference?

Coty will present at the 2023 Consumer Analyst Group of New York Conference on February 21, 2023, at 1:00 P.M. EST.

What recent sales growth did Coty report for Q3?

Coty reported an acceleration in fiscal Q3 core like-for-like (LFL) sales growth to over 7%, up from 7% in Q2.

What plans does Coty have for skincare investments?

Coty intends to reinvest incremental profits into its critical skincare initiatives to drive long-term growth.