Coty Inc Stock Price, News & Analysis

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.

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.

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.