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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

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1:32am IST
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Latest Key Developments (Source: Significant Developments)

Coty Appoints Fiona Hughes as Consumer Beauty CMO
Friday, 17 May 2019 

May 17 (Reuters) - Coty Inc ::COTY APPOINTS FIONA HUGHES AS CONSUMER BEAUTY CMO.COTY INC - MOST RECENTLY, FIONA WAS CHIEF MARKETING OFFICER AND EXECUTIVE COMMITTEE MEMBER AT JACOBS DOUWE EGBERTS.  Full Article

Coty Inc Files For Common Stock Offering Of Up To $3.30 Bln Shares Of Class A Common Stock By Selling Stockholders
Friday, 10 May 2019 

May 10 (Reuters) - Coty Inc ::COTY INC FILES FOR COMMON STOCK OFFERING OF UP TO $3.30 BILLION SHARES OF CLASS A COMMON STOCK BY SELLING STOCKHOLDERS - SEC FILING.  Full Article

Coty Inc Q3 Adjusted Earnings Per Share $0.13
Wednesday, 8 May 2019 

May 8 (Reuters) - Coty Inc ::COTY INC REPORTS FISCAL THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.13.Q3 LOSS PER SHARE $0.02.Q3 REVENUE FELL 10.4 PERCENT TO $1.991 BILLION.FULL YEAR FY19 OUTLOOK REMAINS ON TRACK WITH EXPECTATIONS.EXPECT VERY LIMITED IMPACT FROM SUPPLY CHAIN DISRUPTION ON BUSINESS IN REMAINDER OF FISCAL 2019.CONTINUE TO EXPECT THAT FY19 CONSTANT CURRENCY ADJUSTED OPERATING INCOME WILL BE MODERATELY BELOW FY18.Q3 ADJUSTED OPERATING INCOME WAS ALSO IMPACTED BY TEMPORARY REVENUE RECOGNITION AND SUPPLY CHAIN HEADWINDS.CONTINUE TO EXPECT POSITIVE FREE CASH FLOW FOR FY19, WITH SOLID FREE CASH FLOW GENERATION IN 4Q19.QUARTERLY DIVIDEND OF $0.125 WITH STOCK DIVIDEND ELECTION PROGRAM INTRODUCED.DURING QUARTER, LARGELY RESOLVED SUPPLY CONSTRAINTS ACROSS DIVISIONS, RESULTING IN A REDUCTION IN SUPPLY CHAIN-RELATED HEADWINDS IN 3Q19.YEAR-TO-DATE, WE ESTIMATE SUPPLY CHAIN DISRUPTIONS NEGATIVELY IMPACTED NET REVENUES BY OVER $150 MILLION.COTY - YTD ADJUSTED OPERATING INCOME ADVERSELY IMPACTED BY TEMPORARY FACTORS OF ABOUT $105 MILLION, INCLUDING ABOUT $100 MILLION FROM SUPPLY CHAIN DISRUPTIONS.3Q19 REPORTED GROSS MARGIN OF 62.8% DECREASED BY 70 BPS FROM PRIOR-YEAR PERIOD.COTY SAYS "WEAK TOP-LINE RESULT DEMONSTRATES THAT THERE IS STILL MUCH TO BE DONE TO TURNAROUND BUSINESS".SAYS MUST ADDRESS WEAKNESS OF CONSUMER BEAUTY DIVISION'S PERFORMANCE VIA SHELF PRODUCTIVITY.Q3 EARNINGS PER SHARE VIEW $0.12, REVENUE VIEW $2.06 BILLION -- REFINITIV IBES DATA.  Full Article

Coty Sets Quarterly Cash Dividend Of $0.125Per Share
Wednesday, 8 May 2019 

May 8 (Reuters) - Coty Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.125PER SHARE.  Full Article

Coty Forms Special Committee To Evaluate Jab Tender Offer
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Coty Inc ::COTY FORMS SPECIAL COMMITTEE TO EVALUATE JAB TENDER OFFER.COTY INC - MEMBERS OF SPECIAL COMMITTEE ARE SABINE CHALMERS, ERHARD SCHOEWEL AND ROBERT SINGER..COTY INC - BOARD TO NOT MOVE FORWARD WITH APPROVING/RECOMMENDING TENDER OFFER/ANY OTHER DEAL WITH JAB GROUP UNLESS APPROVED BY SPECIAL COMMITTEE.COTY INC - WILL NOTIFY HOLDERS OF COMMITTEE'S RECOMMENDATION, WITHIN 10 BUSINESS DAYS OF COMMENCEMENT DATE BY FILING WITH SEC A STATEMENT.  Full Article

JAB Holdings Co Proposes Partial Tender Offer To Acquire Additional Shares Of Coty
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - JAB Holdings Company::JAB PROPOSES PARTIAL TENDER OFFER TO ACQUIRE ADDITIONAL SHARES OF COTY.JAB COSMETICS B.V. WOULD BUY UP TO 150 MILLION ADDITIONAL SHARES OF COTY CLASS A STOCK AT A PRICE OF $11.65 PER SHARE IN CASH.IF ALL 150 MILLION COTY SHARES ARE PURCHASED IN OFFER, JAB WOULD THEN OWN ABOUT 60 PERCENT OF ISSUED & OUTSTANDING COTY SHARES.WE HAVE SUFFICIENT FINANCIAL RESOURCES TO CONSUMMATE COTY OFFER, INCLUDING DEBT COMMITMENTS.DO NOT ANTICIPATE ANY SUBSTANTIVE COMPETITION ISSUES RELATING TO OFFER FOR COTY SHARES.  Full Article

Miu Miu And Coty Reveal New Fragrance Called Miu Miu Twist
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Coty Inc ::MIU MIU AND COTY REVEAL THEIR NEW FRAGRANCE MIU MIU TWIST IN A UNIQUE CAMPAIGN, STARRING ELLE FANNING.  Full Article

Coty Names Pierre-André Terisse CFO
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Coty Inc ::COTY ANNOUNCES EXECUTIVE LEADERSHIP CHANGES TO SUPPORT ONGOING TRANSFORMATION AND FUTURE GROWTH.COTY INC - PIERRE-ANDRÉ TERISSE NAMED CHIEF FINANCIAL OFFICER.COTY INC - LUC VOLATIER NAMED CHIEF GLOBAL SUPPLY OFFICER.COTY INC - GIANNI PIERACCIONI NAMED CHIEF OPERATING OFFICER, CONSUMER BEAUTY.COTY INC - CORPORATE AFFAIRS FUNCTION WILL BE INTEGRATED INTO COTY'S THREE DIVISIONS AND FUNCTIONS.COTY INC - ESRA ERKAL-PALER, CHIEF CORPORATE AFFAIRS OFFICER, HAS DECIDED TO LEAVE COTY TO PURSUE OTHER OPPORTUNITIES.COTY INC - LAURENT KLEITMAN HAS DECIDED TO PURSUE OTHER OPPORTUNITIES AND WILL BE LEAVING COTY.  Full Article

Coty Qtrly Adjusted Earnings Per Share $0.14
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Coty Inc ::COTY INC REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR RESULTS.SEES FY 2019 EARNINGS PER SHARE $0.74 TO $0.78.QTRLY LOSS PER SHARE $0.24.QTRLY ADJUSTED EARNINGS PER SHARE $0.14.NOW ANNOUNCING NEW COST SAVINGS PROGRAM.REPORTED Q4 NET REVENUES OF $2,299.4 MILLION, UP 2.6 PERCENT.NEW COST SAVINGS PROGRAM FULLY INDEPENDENT FROM P&G INTEGRATION EFFORTS.COTY - NEW COST SAVINGS PROGRAM TO ADD $250 MILLION IN RESTRUCTURING CHARGES, EXPECTED TO DELIVER UP TO $150 MILLION OF GROSS SAVINGS OVER 3-YEAR PERIOD.Q4 EARNINGS PER SHARE VIEW $0.13, REVENUE VIEW $2.32 BILLION -- THOMSON REUTERS I/B/E/S.CONTINUE TO EXPECT COST SYNERGIES OF ABOUT $750 MILLION VIA PROCUREMENT AND SUPPLY CHAIN SAVINGS AS WELL AS SG&A REDUCTIONS.Q4 GROWTH FOR CONSUMER AND PROFESSIONAL BEAUTY IMPACTED BY BRAZILIAN TRUCKER STRIKE.COTY- PEAK OF IMPACT OF SUPPLY CHAIN DISRUPTIONS DUE TO LOGISTICS & MANUFACTURING CONSOLIDATION WILL COME IN 1Q19, WITH SMALLER TAIL END IN 2Q19.HAVE SET A TARGET OF ACHIEVING BELOW 4.0X NET DEBT/ ADJUSTED EBITDA RATIO BY END OF CALENDAR 2020, DOWN FROM OUR CURRENT RATIO OF 5.27X.FOR FY19, TARGETING FLAT TO MODEST LFL NET REVENUE GROWTH.COTY-CONTINUE TO EXPECT INTEGRATION COSTS OF ABOUT $1.3 BILLION, & AS OF FY18, HAVE ACCRUED $1.15 BILLION OF COSTS, WITH REMAINING EXPECTED IN FY19-20.COTY- SUPPLY CHAIN DISRUPTIONS & IMPACT OF BRAND RATIONALIZATION PROGRAM EXPECTED TO DRIVE LOW TEENS DECLINE IN 1Q19 ADJUSTED OPERATING INCOME YOY.  Full Article

Coty Inc To Offer Senior Unsecured Notes Up To $2 Billion
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Coty Inc ::COTY INC. TO OFFER SENIOR UNSECURED NOTES.COTY INC - ‍INTENTION TO OFFER UP TO $2 BILLION OF U.S. DOLLAR DENOMINATED AND EURO DENOMINATED SENIOR UNSECURED NOTES IN FOUR SERIES​.COTY - TO USE PROCEEDS, WITH BORROWINGS UNDER A CREDIT AGREEMENT TO REPAY, REFINANCE INDEBTEDNESS UNDER EXISTING CREDIT FACILITIES, AMONG OTHERS​.  Full Article

Coty's revenue falls short of estimates, hit by supply hiccups and weaker demand

Coty Inc reported quarterly revenue that fell short of analysts expectations, hit by supply chain disruptions and lower demand for its mass market cosmetic brands such as CoverGirl and Rimmel, sending its shares down as much as 9 percent.