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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

10.66USD
13 Sep 2019
Change (% chg)

$0.08 (+0.76%)
Prev Close
$10.58
Open
$10.57
Day's High
$10.72
Day's Low
$10.57
Volume
646,907
Avg. Vol
1,849,962
52-wk High
$14.14
52-wk Low
$5.91

Latest Key Developments (Source: Significant Developments)

Coty Strengthens Leadership Organization For Supply Chain To Support Ongoing Turnaround Plan
Monday, 9 Sep 2019 

Sept 9 (Reuters) - Coty Inc ::COTY STRENGTHENS LEADERSHIP ORGANIZATION FOR SUPPLY CHAIN TO SUPPORT ITS ONGOING TURNAROUND PLAN AND FUTURE GROWTH.COTY INC - AD INTERIM, PROCUREMENT WILL BE LED BY GIANLUCA COLOMBO, CHIEF PROCUREMENT OFFICER.COTY INC - AD INTERIM, SUPPLY OPERATIONS WILL BE LED BY JEAN-CLAUDE THOMAS.COTY INC - LUC VOLATIER, CURRENT CHIEF GLOBAL SUPPLY OFFICER AND A MEMBER OF EXECUTIVE COMMITTEE, IS RETIRING FROM COTY.  Full Article

Coty Reports Fiscal 2019 Fourth Quarter And Full Year Results
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Coty Inc ::REPORTS 2019 ADJUSTED EARNINGS PER SHARE $0.65.. REPORTS FISCAL 2019 FOURTH QUARTER AND FULL YEAR RESULTS, IN-LINE WITH GUIDANCE.4Q19 ADJUSTED EPS OF $0.16.QTRLY ADJUSTED EARNINGS PER SHARE $0.16.QTRLY LOSS PER SHARE $3.72.QTRLY LUXURY NET REVENUES OF $754.7 MILLION, UP 1.7%.4Q19 NET REVENUES OF $2,115.4 MILLION DECREASED BY 8.0%.SEES FY20 REVENUE STABLE TO SLIGHTLY LOWER LFL, STARTING IN 1Q20.QTRLY CONSUMER BEAUTY NET REVENUES OF $902.4 MILLION, DOWN 15.2%.SEES FY20 ADJUSTED EPS TO GROW MID-SINGLE DIGIT.4Q19 REPORTED OPERATING LOSS REFLECTED $2.9 BILLION NON-CASH IMPAIRMENT CHARGE MAINLY CONNECTED TO CONSUMER BEAUTY DIVISION & SPECIFIC BRAND TRADEMARKS.Q4 EARNINGS PER SHARE VIEW $0.16, REVENUE VIEW $2.11 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $0.68, REVENUE VIEW $8.52 BILLION -- REFINITIV IBES DATA.  Full Article

Coty Qtrly Adjusted Earnings Per Share $0.16
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Coty Inc ::REPORTS FISCAL 2019 FOURTH QUARTER AND FULL YEAR RESULTS, IN-LINE WITH GUIDANCE.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $0.65.4Q19 ADJUSTED EPS OF $0.16.QTRLY ADJUSTED EARNINGS PER SHARE $0.16.QTRLY LOSS PER SHARE $3.72.QTRLY LUXURY NET REVENUES OF $754.7 MILLION, UP 1.7%.4Q19 NET REVENUES OF $2,115.4 MILLION DECREASED BY 8.0%.SEES FY20 REVENUE STABLE TO SLIGHTLY LOWER LFL, STARTING IN 1Q20.QTRLY CONSUMER BEAUTY NET REVENUES OF $902.4 MILLION, DOWN 15.2%.SEES FY20 ADJUSTED EPS TO GROW MID-SINGLE DIGIT.COTY - 4Q19 REPORTED OPERATING LOSS REFLECTED $2.9 BILLION NON-CASH IMPAIRMENT CHARGE MAINLY CONNECTED TO CONSUMER BEAUTY DIVISION & SPECIFIC BRAND TRADEMARKS.Q4 EARNINGS PER SHARE VIEW $0.16, REVENUE VIEW $2.11 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $0.68, REVENUE VIEW $8.52 BILLION -- REFINITIV IBES DATA.  Full Article

Coty Declares Quarterly Cash Dividend Of $0.125 Per Common Share
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Coty Inc ::COTY INC - DECLARED A QUARTERLY CASH DIVIDEND OF $0.125 PER COMMON SHARE.  Full Article

Coty To Sell Its Controlling Stake To Younique's Original Founders
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Coty Inc ::COTY AND YOUNIQUE TO PART AND FOCUS ON THE DEVELOPMENT OF THEIR RESPECTIVE STRENGTHS.COTY INC - YOUNIQUE TODAY ANNOUNCED A MUTUAL DECISION TO TERMINATE THEIR PARTNERSHIP.COTY INC - WILL SELL ITS CONTROLLING STAKE TO YOUNIQUE'S ORIGINAL FOUNDERS UPON REGULATORY CLEARANCE.COTY INC - COTY AND YOUNIQUE HAVE AGREED TO PART AND FOCUS ON THEIR RESPECTIVE STRENGTHS.COTY INC - NO FURTHER ADJUSTMENT TO COTY INTANGIBLE ASSET BASE IS EXPECTED AS A RESULT OF TRANSACTION.COTY INC - CONDITIONS OF EXIT WILL NOT BE MADE PUBLIC.COTY INC - HOWEVER NO FURTHER ADJUSTMENT TO COTY INTANGIBLE ASSET BASE IS EXPECTED AS A RESULT OF TRANSACTION.  Full Article

Soros Fund Management Takes Share Stake In Visa, Allergan
Thursday, 15 Aug 2019 

Aug 14 (Reuters) - Soros Fund Management Llc::SOROS FUND MANAGEMENT LLC TAKES SHARE STAKE IN ALLERGAN PLC OF 71,000 SHARES.SOROS FUND MANAGEMENT LLC TAKES SHARE STAKE IN VISA OF 44,944 CLASS A SHARES.SOROS FUND MANAGEMENT LLC REPORTS SHARE STAKE IN SLACK TECHNOLOGIES OF 498,771 CLASS A SHARES.SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN COTY INC.SOROS FUND MANAGEMENT LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2019.  Full Article

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

UPDATE 3-Coty sees revenue improving as turnaround plan takes shape; shares rise

Aug 28 Cosmetics maker Coty Inc raised its annual revenue forecast on Wednesday, as it embarks on a multi-year turnaround plan that involves cost cuts and increased investment in advertising, sending shares up 5%.