Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coty says sales in 2H will be roughly flat with previous year
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Coty Inc :CFO on conf call - Q1 is the lowest quarter of the year from a revenue standpoint‍​.It will take longer to get $1.53 in EPS which co previously expected to achieve in 2020.CEO - we believe that we should retain most shelf space for our key brands.CEO - we believe that our sales in the second half will be roughly comparable with previous year, roughly flat.Co to destock Covergirl inventory in the coming quarter, preparing for the arrival of all the new products.We expect net revenue trends of Consumer Beauty to improve as a trend over the year and in the next quarters, starting from Q2.Expects to see increased shelf space and location for Clairol in 2H of FY2018.  Full Article

Coty qtrly loss per share $‍0.03​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Coty Inc : :Coty Inc. Reports first quarter fiscal 2018 results.Coty Inc - qtrly loss per share $‍0.03​.Qtrly adjusted earnings per share $0.10 ‍​.Coty Inc qtrly ‍net revenues of $2,238.3 million increased 5% for combined company at constant currency​.Coty - ‍excluding positive contribution from deals of GHD and Younique, combined company organic net revenues declined 2% on a constant currency basis​.Coty - ‍"saw strong growth in luxury, continued positive momentum in professional and a reduced net revenue decline in consumer beauty division" in quarter​.Q1 earnings per share view $0.07, revenue view $2.24 billion -- Thomson Reuters I/B/E/S.Coty Inc - ‍as of Sept 1, have exited third and final TSA with P&G for Almea region and now have control of processes, systems and data across new Coty​.Coty - ‍looking ahead to remainder of fiscal 2018 expect to continue to deliver on announced synergies, finalize streamlining of brand portfolio​.Coty Inc- ‍looking ahead to remainder of fiscal 2018, also expect to relaunch several key brands​.Coty - ‍negative free cash flow of $120.3 million was impacted by acquisition & restructuring costs, and declined from $101.8 million for legacy-coty in quarter.  Full Article

Coty Inc declares quarterly dividend of $0.125 per common share​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Coty Inc :Coty Inc Declares quarterly dividend.Coty Inc - ‍Declared a quarterly cash dividend of $0.125 per common share​.  Full Article

Coty CEO Camillo Pane comments on non-core portfolio brand divestitures
Thursday, 9 Feb 2017 

Coty : CEO Camillo Pane says seek to divest non-core portfolio of brands that represent 6-8 percent of combined portfolio of revenue - media call Further company coverage: [COTY.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Jpmorgan chase reports 11.4 percent passive stake in Coty Inc
Friday, 7 Oct 2016 

Coty Inc :Reports 11.4 pct passive stake in Coty Inc as of Sept 30, 2016 - SEC filing.  Full Article

P&G - final proration factor of about 15 pct for shares tendered in specialty beauty brands exchange offer
Wednesday, 5 Oct 2016 

Procter & Gamble Co :Procter & Gamble announces final proration factor of 15.0123 pct for shares tendered in P&G specialty beauty brands exchange offer.  Full Article

SA's Competition Tribunal conditionally approves Coty-P&G deal
Tuesday, 27 Sep 2016 

SA's Competition Tribunal : Conditionally approved the merger of Coty and P&G (Procter and Gamble) (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Procter & Gamble Commences P&G Specialty Beauty Brands Exchange Offer
Thursday, 1 Sep 2016 

Procter & Gamble Co : Commencement of exchange offer for separation of global fine fragrances, salon professional, cosmetics, retail hair color businesses . Says P&G is offering to exchange shares of Galleria Co. Common stock for shares of P&G common stock . P&G expects to issue 409.7 million shares of Galleria Co. Common stock in exchange offer .Exchange offer designed to permit shareholders to exchange shares of P&G stock for shares of Galleria stock at a discount of 7 percent.  Full Article

Coty executive says co to divest all discontinued 6 pct to 8 pct of combined portfolio revenues - conf call
Tuesday, 16 Aug 2016 

: Coty executive - Now about 85% on way through global efficiency program, recognized about $230 million in savings through end of fiscal 2016 - conf call . Coty executive - Remain on track to recognize targeted $270 million in savings through fiscal 2017 - conf call . Coty executive - Co planning to divest all discontinued 6% to 8% of combined co's portfolio net revenues, timing still being determined - conf call Further company coverage: [COTY.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Coty reports Q4 adjusted earnings per share $0.13
Tuesday, 16 Aug 2016 

Coty Inc : Q4 net revenues $1.08 billion versus $1.02 billion in q4 2015 . Coty Inc reports fiscal 2016 fourth quarter and full year results . Q4 adjusted earnings per share $0.13 . Q4 loss per share $0.09 . Qtrly fragrances reported operating income of $288.9 million decreased 18% . Is targeting Coty stand-alone fiscal 2017 adjusted operating margin improvement on a constant currency basis . Says for Coty Stand Alone business,targeting net revenue momentum to improve, return to growth in 2h of fy 2017, excluding foreign currency . Closing of merger of P&G Beauty Brands into coty expected to occur in october 2016. . Says Brazil acquisition returned to profitability in quarter . Says Brazil acquisition integration with Coty's Brazil business expected to be completed by September 2016 .Q4 earnings per share view $0.06, revenue view $1.05 billion -- Thomson Reuters I/B/E/S.  Full Article


Starbucks deal gives Nestle more punch in fight with JAB

LONDON/ZURICH/LOS ANGELES Nestle's $7 billion licensing deal for Starbucks' retail business gives it a much-needed boost in its battle against JAB, the privately owned investment firm stirring up the coffee industry with a string of deals. JAB, the family office of Europe's billionaire Reimann clan, has built up the world's second-largest coffee business over the past five years.