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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.

Coty Inc. (NYSE: COTY) is one of the world's largest and most well-established beauty companies. With approximately $9 billion in revenue, Coty is dedicated to celebrating and liberating the diversity of consumers' beauty. The company's strong entrepreneurial heritage has led to the creation of an iconic portfolio of leading beauty brands.

Core Divisions

  • Coty Consumer Beauty: This division focuses on color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. Notable brands under this segment include CoverGirl, Max Factor, and Rimmel.
  • Coty Luxury: This division is dedicated to prestige fragrances and skincare, representing brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci, and Philosophy.
  • Coty Professional Beauty: This segment aims to serve salon owners and professionals in hair and nail care, featuring brands like Wella Professionals and Sebastian Professional.

Market Position

Coty is the global leader in fragrances, second in professional salon hair color and styling, and third in color cosmetics. The company generates about 59% of its sales from fragrances, 28% from color cosmetics, 8% from body care, and 5% from skincare.

Strategic Partnerships and Collaborations

Coty licenses luxury and high-end brand names including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein for its fragrance business. In the consumer cosmetics segment, the company focuses on mass brands acquired over time, such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. Coty also collaborates with social media celebrities like Kim Kardashian and Kylie Jenner to launch makeup products under their names.

Global Reach

Coty operates worldwide, generating close to 45% of its sales from Europe, 42% from the Americas, and 13% from the Asia-Pacific region. The company's controlling shareholder is the German investment firm JAB, holding a 53% stake.

Stay updated with the latest news and developments from Coty Inc. to understand its market performance and strategic initiatives.

News

Coty Increases Share Repurchase Program by $600 Million to Accommodate Planned Hedged Share Buyback Transaction of Additional 25 Million Shares

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Coty Inc. (NYSE: COTY) increases share repurchase program authorization by $600 million, reaching a total of approximately $1 billion. The company plans to hedge stock price for a potential buyback in FY26, targeting the repurchase of 25 million shares. This move builds on previously executed hedge transactions for planned buybacks in FY24 and FY25, as part of Coty's disciplined deleveraging trajectory.
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Coty Inc. Announces Cash Tender Offers for Up to $400 Million Outstanding Debt Securities

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COTY: Coty Inc. Announces Tender Offers for $150M Unsecured Notes and $250M Secured Notes, part of a Deleveraging Strategy
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Coty Delivers Very Strong Start to FY24 with Growth Ahead of Beauty Market

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Coty Inc. (NYSE: COTY) announced strong Q1 sales growth of 18%, exceeding expectations and raising FY24 revenue and profit guidance. Prestige fragrance sales grew approximately 25% LFL, driven by momentum in core fragrance lines and outstanding results for recent innovations. Consumer Beauty Q1 revenues grew by 10%, with strength in color cosmetics, mass fragrances, and mass skin & bodycare sales. All regions generated double-digit percentage revenue growth, with strong momentum in Americas, EMEA, and Asia Pacific. Coty's reported operating income of $197.5 million grew 15% YoY, adjusted operating income of $302.2 million grew 21% YoY, and adjusted EBITDA of $360.3 million grew 17%, aided by strong operating leverage.
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Coty Inc. Announces Pricing of Global Offering and Admission to Listing and Trading of Class A Common Stock on the Professional Segment of Euronext Paris

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Coty Inc. announces pricing of global offering of 33 million shares at $10.80 per share to retire debt and for general corporate purposes.
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Coty Inc. Launches Global Offering of Class A Common Stock and Listing on the Professional Segment of Euronext Paris

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Coty Inc. announces global offering of 33 million shares of Class A common stock, with net proceeds primarily used to retire debt and for general corporate purposes.
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Coty Raises FY24 Outlook, Fueled by Momentum in Its Prestige Business

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Coty increases outlook for 1H24 and FY24 due to strong beauty demand, particularly in prestige fragrances. Core LFL sales growth expected to be +10-12% in 1H24 and +8-10% for FY24. Successful launch of Burberry Goddess fragrance contributes to market records and reinforces Coty's position as a fragrance leader. Gross margin and adjusted EBITDA margin expansion expected in FY24. Company remains committed to delivering medium-term growth algorithm.
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Coty Inc. Prices €500 Million of Senior Secured Notes

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Coty Inc. announces pricing of €500 million Senior Secured Notes due 2028, expected to close on September 19, 2023. Proceeds will be used to repay borrowings under revolving credit facility.
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Coty Inc. to Offer Senior Secured Notes

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Coty Inc. launches offering of €500 million senior secured notes to repay borrowings, no immediate impact on stock price.
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Sally Hansen® and DreamWorks Animation Partner for a Joy-Bomb Nail Polish Collection Inspired by the New DreamWorks Film Trolls Band Together (In Theaters Nov. 17)

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Sally Hansen® announces limited-edition Trolls collection launching ahead of film release.
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Coty Delivers Outstanding FY23 Results

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Coty Inc. reports strong sales growth in Q4 and FY23, exceeding expectations. Q4 reported sales increased 16% or 17% on a LFL basis, ahead of its recently raised guidance of 12-15% LFL growth. FY23 reported sales growth of 5%, with core LFL sales growth of 12%, exceeding the target of 9-10%. Coty's gross margin expanded, with reported and adjusted gross margin of 63.9% for FY23. Q4 reported operating income of $129.0 million, adjusted operating income grew 20% to $738.8 million, and adjusted EBITDA grew 7% to $972.8 million. Financial Net Debt remained stable at $4.0 billion. Coty's Q4 financial leverage ratio improved to 4.1x from 4.7x at the end of FY22. Coty plans to divest its Wella stake by end of CY25. Coty's CEO highlights the company's strong performance, strategic ambitions, and focus on sustainability.
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FAQ

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

The current stock price of Coty (COTY) is $5.71 as of February 21, 2025.

What is the market cap of Coty (COTY)?

The market cap of Coty (COTY) is approximately 4.9B.

What is Coty Inc. known for?

Coty Inc. is known for being one of the largest beauty companies globally, specializing in fragrances, color cosmetics, and professional salon products.

What are the main divisions of Coty Inc.?

Coty operates three main divisions: Coty Consumer Beauty, Coty Luxury, and Coty Professional Beauty.

Which brands are under Coty Consumer Beauty?

Coty Consumer Beauty includes brands like CoverGirl, Max Factor, and Rimmel.

Who are Coty's strategic partners?

Coty licenses luxury brands such as Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, and collaborates with social media celebrities like Kim Kardashian and Kylie Jenner.

Where does Coty generate most of its sales?

Coty generates close to 45% of its sales from Europe, 42% from the Americas, and 13% from the Asia-Pacific region.

What is the financial condition of Coty Inc.?

Coty Inc. has approximately $9 billion in revenue.

Who is the controlling shareholder of Coty Inc.?

The German investment firm JAB is the controlling shareholder of Coty Inc., with a 53% stake.

What is Coty's market position in the beauty industry?

Coty is the global leader in fragrances, second in professional salon hair color and styling, and third in color cosmetics.

Are there any recent collaborations by Coty Inc.?

Yes, Coty collaborates with social media influencers Kim Kardashian and Kylie Jenner for makeup products.

What percentage of Coty's sales come from fragrances?

Approximately 59% of Coty's sales come from fragrances.
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Coty Inc

NYSE:COTY

COTY Rankings

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COTY Stock Data

4.93B
344.00M
60.68%
38.04%
1.54%
Household & Personal Products
Perfumes, Cosmetics & Other Toilet Preparations
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