Coty Inc. (COTY) Earnings Analysis: Surpassing Expectations with Strong Growth and Market Share ...

GuruFocus.com05-07

Reported Net Revenues: $1,385.6 million, up 8% year-over-year and 10% on a like-for-like basis, surpassing the estimated $1,370.77 million. Adjusted Gross Margin: Improved by 190 basis points year-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433656322?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-07 09:02","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2433656322","market":"us","top_or_hot":-1,"title":"Coty Inc. (COTY) Earnings Analysis: Surpassing Expectations with Strong Growth and Market Share ...","media":"GuruFocus.com","content":"<div>\n<p>Reported Net Revenues: $1,385.6 million, up 8% year-over-year and 10% on a like-for-like basis, surpassing the estimated $1,370.77 million.\nAdjusted Gross Margin: Improved by 190 basis points year-...</p>\n\n<a href=\"https://finance.yahoo.com/news/coty-inc-coty-earnings-analysis-010245912.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coty Inc. (COTY) Earnings Analysis: Surpassing Expectations with Strong Growth and Market Share ...</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoty Inc. (COTY) Earnings Analysis: Surpassing Expectations with Strong Growth and Market Share ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 09:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coty-inc-coty-earnings-analysis-010245912.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reported Net Revenues: $1,385.6 million, up 8% year-over-year and 10% on a like-for-like basis, surpassing the estimated $1,370.77 million.\nAdjusted Gross Margin: Improved by 190 basis points year-...</p>\n\n<a href=\"https://finance.yahoo.com/news/coty-inc-coty-earnings-analysis-010245912.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COTY","symbol_name":"科蒂","start_time":0,"source_url":"https://finance.yahoo.com/news/coty-inc-coty-earnings-analysis-010245912.html","article_id":"2433656322","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433656322","pubTimestamp":1715043765,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Reported Net Revenues: $1,385.6 million, up 8% year-over-year and 10% on a like-for-like basis, surpassing the estimated $1,370.77 million.Adjusted Gross Margin: Improved by 190 basis points year-over-year to 64.8%, driven by premiumization, carryover pricing, easing inflation, and supply chain productivity savings.Reported Operating Income: Grew 79% to $77.8 million, with operating margin expansion of 220 basis points to 5.6%.Adjusted Net Income: $43.8 million, a decrease from $168.1 million in the prior year, falling below the estimated $52.56 million.Adjusted EPS: $0.05, below the estimated $0.06, impacted by mark-to-market losses on forward repurchase contracts.Free Cash Flow: Reported a negative $234.3 million due to seasonal low cash flow from operating activities and payments for prior year taxes.Coty Inc.  released its 8-K filing on May 6, 2024, revealing robust third-quarter results for the fiscal year 2024, which ended on March 31, 2024. The company reported significant year-","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"COTY":"科蒂"},"translate_title":"黄凤英公司（黄凤英）收益分析：强劲增长和市场份额超出预期...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COTY":1},"content_text":"Reported Net Revenues: $1,385.6 million, up 8% year-over-year and 10% on a like-for-like basis, surpassing the estimated $1,370.77 million.\nAdjusted Gross Margin: Improved by 190 basis points year-over-year to 64.8%, driven by premiumization, carryover pricing, easing inflation, and supply chain productivity savings.\nReported Operating Income: Grew 79% to $77.8 million, with operating margin expansion of 220 basis points to 5.6%.\nAdjusted Net Income: $43.8 million, a decrease from $168.1 million in the prior year, falling below the estimated $52.56 million.\nAdjusted EPS: $0.05, below the estimated $0.06, impacted by mark-to-market losses on forward repurchase contracts.\nFree Cash Flow: Reported a negative $234.3 million due to seasonal low cash flow from operating activities and payments for prior year taxes.\nFinancial Leverage: Net debt to adjusted EBITDA ratio at 3.4x, with a total debt at $3,972.3 million and financial net debt at $3,712.1 million.\n\n\nWarning! GuruFocus has detected 4 Warning Signs with COTY.\n\nCoty Inc. (NYSE:COTY) released its 8-K filing on May 6, 2024, revealing robust third-quarter results for the fiscal year 2024, which ended on March 31, 2024. The company reported significant year-over-year growth, surpassing previous guidance and analyst expectations with a notable increase in both net revenues and operating income.\nCompany Overview\nCoty Inc. is a global leader in beauty, with a diverse portfolio that includes fragrances, color cosmetics, skincare, and body care. The company holds licensing agreements with prestigious brands such as Gucci, Burberry, and Calvin Klein. Coty's consumer segment includes well-known mass brands like CoverGirl and Rimmel. With a strategic presence across various regions, Coty continues to enhance its market position by leveraging its global reach and innovative product offerings.\nFinancial Performance\nCoty's net revenues for Q3 FY24 reached $1,385.6 million, marking an 8% increase on a reported basis and a 10% rise on a like-for-like (LFL) basis. This performance is primarily driven by an 8% growth in Prestige net revenues and a 6% increase in Consumer Beauty net revenues. The company's adjusted operating income grew by 17% to $143.9 million, with a corresponding margin expansion of 90 basis points to 10.4%. Despite these gains, reported net income was slightly down at $0.5 million due to non-operating impacts, including mark-to-market losses on forward repurchase contracts.\nStrategic Achievements and Market Positioning\nCoty has successfully capitalized on the dynamic beauty market, achieving growth across all its core categories and regions. The company has seen particularly strong performance in its Prestige segment, where it continues to gain market share. This success is attributed to compelling product launches and effective marketing strategies that resonate with consumers globally.\nChallenges and Outlook\nWhile Coty has shown impressive growth, it faces challenges such as market fluctuations and competitive pressures. However, the company's robust portfolio and strategic initiatives position it well to navigate these challenges. Looking ahead, Coty has raised its FY24 outlook to the higher end of its guidance range, reflecting confidence in its continued market performance and operational efficiency.\nFinancial Health and Investor Considerations\nCoty's financial stability is supported by a strong balance sheet and disciplined cost management. The company's total debt stands at $3,972.3 million, with a financial leverage ratio of 3.4x. These figures demonstrate Coty's effective management of liabilities and commitment to maintaining financial health, making it an attractive option for value investors seeking growth and stability in the consumer packaged goods sector.\nIn conclusion, Coty Inc.'s Q3 FY24 results not only highlight its ability to exceed market expectations but also underscore its strategic acumen in enhancing shareholder value and strengthening its position in the global beauty market. With a clear focus on innovation, market expansion, and operational efficiency, Coty is well-positioned for sustained growth in the coming periods.\n Explore the complete 8-K earnings release (here) from Coty Inc for further details. This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433656322"}