COTY INC - COTY STOCK NEWS

Coty (NYSE: COTY), a leading beauty company, introduces its new corporate identity emphasizing fearless kindness as part of a growth strategy under CEO Sue Y. Nabi. The company aims to unleash every vision of beauty by co-creating innovative, science-based products that challenge conventional beauty standards. Coty’s new framework was developed through extensive employee feedback, garnering support from 11,000 associates globally. The initiative underscores Coty’s commitment to empowering self-expression and transforming beauty for the 21st century.

Coty Inc. has expanded its strategic partnership with Cruelty Free International, achieving Leaping Bunny certification for its brands Rimmel, Manhattan, and Risqué, joining COVERGIRL, which was certified in 2018. This certification signifies Coty's commitment to ending animal testing in the beauty industry and responds to consumer demand for cruelty-free products. The Leaping Bunny logo will appear on products later this year, ensuring compliance with rigorous standards. The approval represents a significant step in promoting cruelty-free beauty globally.

Coty Inc. hosted an Investor Event at its Monaco Skincare R&D center, detailing plans to reach $500M-$600M in skincare sales by FY25. The company raised its revenue and gross margin guidance for 1Q23, fueled by stronger demand and strategic portfolio updates across Prestige brands. Coty expects to achieve 6-8% LFL sales growth and a $955-$965M adjusted EBITDA for FY23. CEO Sue Y. Nabi emphasized the potential of their skincare segment amidst a projected growth of the global skincare market valued at $150 billion.

Coty Inc. (NYSE: COTY) reported a 10% sales increase in Q4 FY22, driven by strong performance in its Prestige and Consumer Beauty divisions, with LFL growth at 16%. For FY22, reported sales grew 15%, surpassing original targets. Gross margins expanded to 61.8%, despite inflationary pressures. The company's deleveraging efforts resulted in substantial EPS growth from $0.05 to $0.28. FY23 projections anticipate continued growth, with expected LFL revenue increases of 6-8%. Coty remains focused on innovation and expanding market share internationally, particularly in the Prestige beauty sector.

Coty Inc. (NYSE: COTY) has announced an investor event scheduled for September 21, 2022, in Monaco, focusing on its multi-brand skincare business. This sector is pivotal to Coty's growth strategy. The event will feature presentations from Coty’s CEO, Sue Y. Nabi, along with key members from R&D, marketing, and finance. The livestream will commence at 2:00 P.M. CET (8:00 A.M. EST) and will last approximately 90 minutes. Investors can access the livestream on Coty’s Investor Relations website.

Coty Inc. (NYSE: COTY) has signed a Global Travel Retail Joint Business Partnership with Ant Group to enhance digital cooperation in travel retail. This partnership positions Coty as the first beauty company to collaborate strategically in digital platforms like Alipay+, facilitating global cross-border mobile payments. Coty aims to expand its travel retail business, particularly in Asia-Pacific, where its travel retail saw significant growth last year, highlighted by a triple-digit increase in duty-free sales in China. The partnership focuses on improving customer experience through innovative digital marketing.

Coty Inc. (NYSE: COTY) reaffirms its expectations for 4Q22 and FY22 during the Deutsche Bank Global Consumer Conference on June 14, forecasting low double digits LFL sales growth for 4Q22 and upper mid-teens growth for FY22. The company anticipates Adjusted EBITDA of $900M and Adjusted EPS between $0.23-$0.27 for FY22. Coty continues to focus on brand empowerment and sustainability while navigating forward-looking uncertainties.

Coty Inc. (NYSE: COTY) announces plans to enhance shareholder value through a disciplined deleveraging strategy aimed at achieving a 2x leverage target by CY25. Currently, the company has reduced its leverage from approximately 7x to 4.7x. Coty is set to initiate a $200 million share buyback program in 2024, supported by total return swaps with banks. The firm aims to generate strong free cash flow and progressively resume equity distributions as it continues to strengthen its balance sheet.

On June 1, 2022, Kim Kardashian unveiled SKKN BY KIM, a nine-product skincare line developed in collaboration with Coty (COTY). This range aims to deliver high-performance skincare solutions suitable for all skin types. Each product leverages active ingredients and scientific formulations to enhance skin health. Launching on June 21, 2022, via a dedicated website, the collection emphasizes sustainability with refillable packaging. Prices range from $43 for the cleanser to $95 for oil drops, highlighting a focus on quality and efficacy in skincare.