Coty Inc - COTY STOCK NEWS

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.

Coty has announced the pricing of €500 million in Senior Secured Notes due 2027, with a 4.500% interest rate. The Notes, issued alongside its subsidiaries HFC Prestige Products and HFC Prestige International U.S. , are part of a private offering. Closing is expected on May 30, 2024, pending customary conditions. The proceeds will be used to redeem existing 6.500% Senior Notes due 2026, repay part of its revolving credit facility, and cover offering expenses. The Notes will be secured by first-priority liens, which will be released upon achieving investment-grade ratings from two of three major ratings agencies.

Coty announces the launch of a €500 million senior secured notes offering through its subsidiaries, HFC Prestige Products and HFC Prestige International U.S. The notes, subject to market conditions, will be secured by first priority liens on the same collateral as Coty's existing senior secured credit facilities and notes, and will be guaranteed by Coty's other subsidiaries. Upon achieving investment grade ratings from two out of three ratings agencies, the collateral will be released. The proceeds will be used to redeem Coty's existing 6.500% Senior Notes due 2026, repay parts of its revolving credit facility borrowings, and cover offering expenses. The notes and guarantees will be offered under Rule 144A and Regulation S, not registered under the Securities Act of 1933.

Coty Inc. has signed a long-term license agreement with Lena Gercke to develop, produce, and distribute LeGer's debut fragrance, marking the beginning of a partnership focused on empowerment, inspiration, and innovation. The collaboration aims to bring new products and brands to the beauty market. The new fragrance, expected to launch in the DACH region this summer, is part of Coty's strategy to diversify its portfolio.

Coty Inc. reports strong results, exceeding expectations with double-digit growth year-to-date. Net revenues grew 8% in Q3 and 10% LFL, with growth in fragrances, cosmetics, skin care, and body care. Operating income and margin expanded, with Prestige and Consumer Beauty seeing growth across regions. Coty's market share increased in Q3, with gross margin expanding 190 basis points. Adjusted metrics showed positive growth in operating income, EBITDA, and EPS. Cash flow was weaker due to tax payments, but strong year-to-date. Debt ratios remain high but stable. Strategic pillars like fragrance and cosmetics drove growth, with e-commerce sales rising. Coty's outlook is optimistic, expecting high-end revenue growth, margin expansion, and adjusted EPS at the upper end of guidance.

Sally Hansen partners with college basketball star Jared McCain in a groundbreaking sports sponsorship deal, marking the brand's first-ever NIL agreement with an athlete. McCain's dynamic presence on and off the court, along with his fearless self-expression, align perfectly with Sally Hansen's innovative nail products. The collaboration aims to promote inclusivity, self-expression, and individuality within the sports community and beyond.

Coty (COTY) wins Euronext Best Listing Award in Large Cap category, raising €339.2 million in successful secondary listing on Euronext Paris. Sue Nabi, CEO, expresses pride in the achievement and thanks European investors for their trust. The award recognizes Coty's global offering and marks a significant milestone in the company's growth strategy.

Coty Inc. announces a new partnership with HERSHEY'S KISSES for a limited-edition nail polish collection just in time for Easter. The Sally Hansen® x HERSHEY'S KISSES collection features Insta-Dri® polishes and Salon Effects® Perfect Manicure nails inspired by the iconic chocolate brand's foil wrapping and paper plume.

Calvin Klein Fragrances, a division of Coty Inc., announces Idris and Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign. The campaign captures moments of intimacy, inspired by eternal love, with a fresh and impactful approach. The fragrances for men and women feature a unique coconut note and are crafted by renowned perfumers. The campaign will be supported globally across various media platforms.