STOCK TITAN

Coty Inc - COTY STOCK NEWS

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.

Overview of Coty Inc.

Coty Inc. (NYSE: COTY) is a global leader in the beauty and personal care industry, renowned for its expansive portfolio of iconic brands and innovative products. Headquartered in New York City, Coty operates across three primary divisions: Consumer Beauty, Luxury, and Professional Beauty. The company’s mission is to celebrate and liberate the diversity of beauty, catering to a wide range of consumer preferences and market segments. With a strong entrepreneurial heritage, Coty has established itself as a key player in the global beauty market, leveraging its expertise in fragrance, color cosmetics, and salon-focused products.

Business Divisions

  • Consumer Beauty: This division focuses on mass-market products, including color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. Prominent brands under this segment include CoverGirl, Max Factor, Rimmel, and Sally Hansen. These products are primarily sold through mass retail channels, making them accessible to a broad consumer base.
  • Luxury: Coty’s Luxury division specializes in prestige fragrances and skincare. The company holds licensing agreements with renowned fashion houses and high-end brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci, and Burberry. This segment emphasizes premium quality and exclusivity, appealing to discerning consumers in the luxury market.
  • Professional Beauty: Catering to salon owners and beauty professionals, this division offers specialized hair and nail care products. Key brands include Wella Professionals, Sebastian Professional, and OPI. This segment underscores Coty’s commitment to supporting the professional beauty community through high-performance products and services.

Revenue Streams and Market Position

Coty’s revenue is predominantly derived from its fragrance business, which accounts for approximately 59% of its total sales. The color cosmetics segment contributes around 28%, while skincare and body care represent smaller portions of the company’s revenue. By focusing on these core categories, Coty has positioned itself as a leader in the fragrance market, a strong contender in professional salon hair color and styling, and a significant player in color cosmetics.

Geographically, Coty generates nearly 44% of its sales from Europe, 42% from the Americas, and 14% from the Asia-Pacific region. This global footprint enables the company to capitalize on diverse market opportunities while mitigating regional risks. However, it also requires navigating complex regulatory environments and cultural preferences.

Competitive Landscape

Coty operates in a highly competitive industry alongside major players such as L’Oréal, Estée Lauder, and Shiseido. Its differentiation lies in its strategic licensing agreements with luxury brands, which provide access to established brand equity and consumer loyalty. Additionally, Coty’s collaborations with social media influencers and celebrities, including Kim Kardashian and Kylie Jenner, enhance its appeal to younger, trend-conscious demographics. However, the reliance on licensed brands also poses risks, such as dependency on external partners and potential challenges in renewing agreements.

Challenges and Opportunities

Key challenges for Coty include maintaining brand relevance in a rapidly evolving market, addressing shifts in consumer preferences toward sustainability and clean beauty, and managing economic fluctuations that impact discretionary spending. On the other hand, opportunities exist in expanding the company’s presence in the high-growth Asia-Pacific region, leveraging digital channels for direct-to-consumer sales, and innovating within the skincare and body care segments to diversify its revenue streams.

Conclusion

Coty Inc. is a dynamic and influential player in the beauty industry, balancing a diverse portfolio of mass-market and luxury brands. Its strategic focus on fragrances and color cosmetics, coupled with its global reach and innovative partnerships, positions the company as a significant force in the market. While challenges persist, Coty’s adaptability and commitment to celebrating the diversity of beauty provide a strong foundation for continued success.

Rhea-AI Summary

Coty, a leading global beauty company, has announced preliminary Q1 results and reiterated its FY25 adjusted EBITDA outlook. Key points include:

- Q1 sales grew approximately 4-5% LFL, slightly below the prior estimate of 6% LFL
- Q2 LFL sales expected to grow moderately, with acceleration in the second half
- Q1 adjusted EBITDA expected to be roughly flat to moderately lower YoY
- FY25 adjusted EBITDA still projected to grow +9-11% YoY
- Cost reduction efforts re-accelerated to deliver savings above the initial FY25 target of $75M
- Targeting leverage close to 2.5x exiting CY24

The company noted slower growth in the U.S. market and tight inventory management by retailers, impacting sell-in versus sell-out performance in some markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.8%
Tags
-
News
Rhea-AI Summary

Coty Inc. (NYSE: COTY)(Paris:COTY), a leading beauty company, is celebrating its 120th anniversary with a three-day fragrance event in Paris. The event, titled 'Coty: A Fragrance Disruptor since 1904', showcases the company's rich heritage and future vision in fragrance innovation.

Highlights include:

  • Coty's revolutionary blending of synthetic molecules with natural ingredients since 1904
  • Iconic scents from Coty's current portfolio
  • The Olfactory Studio, demonstrating Coty's creativity and co-creation process
  • Technological innovations in performance, emotion, and sustainability
  • Introduction of Infiniment Coty Paris, a new fragrance leveraging cutting-edge technologies like Molecular Aura and EmoChar™

CEO Sue Nabi emphasizes Coty's position as the go-to partner for iconic scents, while Chief Brands Officer Jean Holtzmann highlights the company's expertise and passion for fragrance innovation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
none
-
Rhea-AI Summary

Coty Inc. (NYSE: COTY) has launched its first Scientific Advisory Board to enhance skincare innovation. The board, comprising globally renowned scientific experts from diverse disciplines, held its inaugural meeting on September 24, 2024, at Coty's Skincare Research & Innovation Center of Excellence in Monaco. The board will convene twice a year to inform and inspire breakthrough innovations within Coty's R&D specialists.

CEO Sue Nabi emphasized the significance of this initiative in Coty's 120th anniversary year, stating that the experts' insights will play a pivotal role in driving skincare innovation. The board aims to align the latest science with emerging trends and consumer needs, enhancing Coty's position in skin science. Members include distinguished professionals from various fields, such as immunology, dermatology, plastic surgery, and life sciences, from locations including New York, Paris, Beijing, and Recife.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Summary

Orveda, the French biotech skincare brand, has opened its first US flagship boutique, La Maison Orveda New York City, on the Upper East Side. This 150 square foot wellness sanctuary combines luxury skincare, high-end fragrances, and curated art. The boutique features:

- Three treatment rooms for signature facials
- An event room for masterclasses and exhibitions
- A lounge area and product space
- An immersive room for Infiniment Coty Paris fragrances

The US is Orveda's leading global market, with a 54% sales increase last year. The brand plans to expand its US presence through new partnerships with Cos Bar and Nordstrom this fall.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
none
-
Rhea-AI Summary

Coty Inc. (NYSE: COTY; PARIS: COTY) has filed its annual report on Form 10-K for the fiscal year ended June 30, 2024, with the U.S. Securities and Exchange Commission (SEC) on August 20, 2024. This regulatory filing is a important document that provides comprehensive insights into the company's financial performance, business operations, and future outlook for the past fiscal year. Investors and stakeholders can access the full report on the SEC's website, offering transparency and detailed information about Coty's financial health and strategic direction.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.3%
Tags
-
Rhea-AI Summary

Coty reported strong financial performance in FY24, with total net revenues growing by 10% on a reported basis and 11% on a like-for-like (LFL) basis. The company achieved double-digit growth across both its Prestige and Consumer Beauty segments, and exceeded global beauty market growth.

In FY24, Coty's Prestige net revenues rose by 13% and 14% on a reported and LFL basis, respectively, driven by strong performance in fragrances, cosmetics, and skincare. The Consumer Beauty segment saw a 6% increase in net revenues.

Coty's reported gross margin improved to 64.4% for FY24, while adjusted operating income grew by 17% to $863.4 million. However, the year saw a decrease in reported net income to $76.2 million from $495.0 million due to prior-year gains not recurring.

The company maintained its growth momentum across all regions, with significant contributions from the Americas, EMEA, and Asia Pacific. Coty's FY25 guidance aligns with its medium-term targets, expecting continued revenue growth and margin expansion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.3%
Tags
none
Rhea-AI Summary

Sally Hansen®, a Coty Inc. (NYSE: COTY) brand, is launching a -edition nail polish collection in partnership with Warner Bros. to celebrate the upcoming movie 'Beetlejuice Beetlejuice', set to release on September 6, 2024. The collection features 8 Miracle Gel™ shades inspired by the movie's characters, offering a chip-resistant, salon-quality manicure lasting up to 10 days without a UV lamp.

The range includes unique colors like 'Strange and Unusual' (crème red) and 'Ghost with the Most' (black and white glitter). Each bottle is adorned with iconic pinstripes and the movie title on the cap. The collection will be available in select markets globally starting this month, sold in mass-merchandisers, food, and e-commerce retailers for a time.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.09%
Tags
none
-
Rhea-AI Summary

Sally Hansen® is launching a -edition nail polish collection in partnership with Warner Bros. Discovery to celebrate the release of 'Beetlejuice Beetlejuice' on September 6, 2024. The collection features 8 Miracle Gel™ shades inspired by the iconic movie character, offering a chip-resistant, salon-quality manicure lasting up to 10 days without a UV lamp.

The range includes colors like 'Strange and Unusual' (crème red), 'Ghost with the Most' (black and white glitter), and 'The Afterlife' (crème black). Each bottle is adorned with the character's signature pinstripes. The collection will be available from August 1, 2024, in mass-merchandisers, food, and e-commerce retailers nationwide.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
none
-
Rhea-AI Summary

Calvin Klein Fragrances, a division of Coty Inc. [NYSE: COTY], launches CK One Essence, a premium version of the iconic CK One fragrance. This new scent, created by Master Perfumer Alberto Morillas, features double the concentration of the original eau de toilette for long-lasting freshness. The fragrance combines Italian Bergamot, blood orange, organic green tea, and upcycled musk for a fresh, pure, and sensual scent.

The launch is accompanied by a campaign shot by Alasdair McLellan, showcasing the brand's signature black-and-white portraiture. CK One Essence will be available starting August 1st, 2024, in 50ml and 100ml sizes, with a 200ml size coming in April 2025. This release marks 30 years since the introduction of the original CK One, which revolutionized the fragrance industry as the world's first gender-inclusive scent.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.91%
Tags
none
Rhea-AI Summary

Coty (NYSE: COTY), a global beauty leader, announced its executives will present at upcoming investor events in June 2023. On June 5, CEO Sue Nabi and CFO Laurent Mercier will present at the Deutsche Bank Global Consumer Conference in Paris at 10:30 am CET. Additionally, they will present at the Evercore ISI Virtual Consumer & Retail Conference on June 13 at 11:00 am ET. Webcasts for both events will be available at Coty's investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
conferences

FAQ

What is the current stock price of Coty (COTY)?

The current stock price of Coty (COTY) is $5.04 as of April 4, 2025.

What is the market cap of Coty (COTY)?

The market cap of Coty (COTY) is approximately 4.3B.

What does Coty Inc. specialize in?

Coty Inc. specializes in fragrances, color cosmetics, and professional salon products, operating across mass-market, luxury, and professional beauty segments.

What are Coty’s main business divisions?

Coty operates through three divisions: Consumer Beauty, Luxury, and Professional Beauty, each catering to distinct market segments and consumer needs.

How does Coty generate revenue?

Coty generates revenue primarily from fragrances (59%), followed by color cosmetics (28%), with smaller contributions from skincare and body care.

Who are Coty’s key competitors?

Coty’s main competitors include L’Oréal, Estée Lauder, and Shiseido, among others in the global beauty and personal care industry.

What makes Coty unique in the beauty industry?

Coty’s unique strengths include its licensing agreements with luxury brands, collaborations with celebrities, and a strong presence in both mass-market and professional beauty segments.

What challenges does Coty face in its market?

Coty faces challenges such as maintaining brand relevance, adapting to sustainability trends, and managing economic fluctuations affecting consumer spending.

What opportunities exist for Coty’s growth?

Opportunities include expanding in the Asia-Pacific region, leveraging digital sales channels, and innovating in skincare and body care for diversified revenue.

What role do licensing agreements play in Coty’s business model?

Licensing agreements allow Coty to market luxury fragrances and cosmetics under prestigious brands like Gucci and Calvin Klein, enhancing its market appeal.

What is Coty’s geographical revenue distribution?

Coty generates 44% of its sales from Europe, 42% from the Americas, and 14% from the Asia-Pacific region, reflecting its global reach.

How does Coty engage with younger consumers?

Coty collaborates with social media influencers and celebrities, such as Kim Kardashian and Kylie Jenner, to appeal to younger, trend-conscious demographics.
Coty Inc

NYSE:COTY

COTY Rankings

COTY Stock Data

4.33B
344.43M
60.48%
38.52%
1.98%
Household & Personal Products
Perfumes, Cosmetics & Other Toilet Preparations
Link
United States
NEW YORK