COTY · NYSE · SIC 2844: Perfumes, Cosmetics & Other Toilet Preparations · Market Cap: $2.3B · 11,636 employees
260
SEC Filings
$2.13
Close 2026-05-29
3
Transcripts
11,636
Employees
Business Summary
PART I . Overview Founded in 1904, Coty Inc. is one of the worlds largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, and skin and body care. Over the past few years, we have implemented a comprehensive transformation agenda (the Transformation Plan), focusing on our core go-to-market competencies, simplifying our capital structure and deleveraging our balance sheet. Following this transformation, we continue to make progress on our strategic priorities...
guided expectations • Importantly , b ase d on the c urrent e xternal env ironment, w e expect each of the se press ures on our gross margins to per sist in to the seco nd hal f of FY26
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guided guidance range for a low - to - mid - teens decline • The decli ne primarily reflected top line pressure a nd lower gross mar gin s o The quarter also included a few million dollar
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guided expect about $200 million
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guided guidance of more than $350 million
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guided expect this to result in some lost sales and higher retu rns in the near term , which is part of t he sale s eq uation for the coming quar ters • It’s also worth flaggi
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stated we anticipate weakness in l ifestyle fragrances , as we streamline small initiatives S l i de 30 • Considering the mid - single - digit decline in
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stated we expect interest expense to be in the low - $40 million level , and we remain on track to reduce FY26 interest expense by close to $40 m
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stated we expect interest expense to decline further in FY27 • Al together , this translat es to approximately breakeven Q3 adjusted EPS excluding the
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stated we anticipate the remaining approximately $30M in cash taxes related to the Wella divestiture to be paid in Q4 • With that , let me turn it back to Mar