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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

7.26USD
25 Nov 2020
Change (% chg)

$-0.29 (-3.84%)
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Latest Key Developments (Source: Significant Developments)

Coty To Complete $2.5 billion Wella Sale By November 2020
Thursday, 12 Nov 2020 

Nov 12 (Reuters) - Coty Inc ::COTY ANNOUNCES $2.5BN WELLA SALE TO COMPLETE BY NOVEMBER 30, 2020.COTY INC - CO, KKR HAVE AMENDED TRANSACTION AGREEMENTS WHICH REMAIN SUBSTANTIALLY SAME AS ORIGINAL AGREEMENTS.COTY INC - PRIMARY ADJUSTMENT IN DEAL INCLUDES REMOVAL OF SOME COMPLETION CONDITIONS, SALE & TRANSFER OF SOME ENTITIES TO WELLA.  Full Article

Coty Inc Says Qtrly Reported Net Revenue Of $1,690.5 Million, Down 13.0%
Friday, 6 Nov 2020 

Nov 6 (Reuters) - Coty Inc ::QTRLY EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.13; QTRLY ADJUSTED LOSS PER SHARE FROM CONTINUING OPERATIONS $0.02.QTRLY REPORTED EPS $0.26; QTRLY ADJUSTED EPS $0.11.QTRLY REPORTED NET REVENUE FROM CONTINUING OPERATIONS OF $1,124.1 MILLION, DECREASED 20.3%.IMPROVED OPERATIONAL Q1 RESULTS DRIVEN BY BETTER SALES TRENDS ACROSS ALL COTY CORE REGIONS IN PRESTIGE AND MASS BUSINESSES.TARGETS FINANCIAL NET DEBT TO EBITDA ABOUT 5X BY END OF CALENDAR 21.WELLA DIVESTITURE EXPECTED TO CLOSE AS PLANNED BY END OF CY20.Q1 ASIA PACIFIC NET REVENUE OF $123.1 MILLION, DECREASED 35.3% ON A REPORTED BASIS AND DECLINED 36.6% LFL.Q1 AMERICAS NET REVENUE OF $470.6 MILLION, OR 42% OF TOTAL COTY CONTINUING OPERATIONS, DECREASED BY 3.7%.Q1 EARNINGS PER SHARE VIEW $-0.06, REVENUE VIEW $1.08 BILLION -- REFINITIV IBES DATA.QTRLY REPORTED NET REVENUE OF $1,690.5 MILLION, DOWN 13.0%.  Full Article

Coty Says Committed To Reigniting Mass Color Cosmetics Business
Friday, 6 Nov 2020 

Nov 6 (Reuters) - Coty Inc ::COTY INC - COMMITTED TO REIGNITING MASS COLOR COSMETICS BUSINESS, ESPECIALLY COVERGIRL.COTY - WILL ACCELERATE PRESTIGE BUSINESS GROWTH THROUGH MAKEUP BY LEVERAGING DESIGNER BRANDS PORTFOLIO, INCLUDING GUCCI & BURBERRY, ESPECIALLY IN ASIA.COTY - CONTINUE LEVERAGING POTENTIAL OF SKINCARE BRANDS POWERED BY NEW DTC CAPABILITIES, STARTING WITH KYLIE SKINCARE.COTY - WILL CONTINUE BUILDING GROWTH ENGINES, LEVERAGING POTENTIAL OF SKINCARE BRANDS POWERED BY NEW DTC CAPABILITIES, STARTING WITH KYLIE SKINCARE.COTY - Q1 ASIA PACIFIC NET REVENUES DECLINE WAS DRIVEN BY CONTINUED SIGNIFICANT PRESSURE IN TRAVEL RETAIL CHANNEL.COTY - Q1 ASIA PACIFIC NET REVENUES DECLINE WAS DRIVEN BY CONTINUED ACTIVE REDUCTION OF SALES TO LOW VALUE CHANNELS, PARTICULARLY IN PRESTIGE BUSINESS.COTY INC - SELL-OUT TRENDS FOR PRESTIGE BRANDS IN ASIA PACIFIC REGION WERE VERY STRONG DURING QUARTER.  Full Article

Wella Company Names Annie Young-Scrivner As CEO
Thursday, 15 Oct 2020 

Oct 15 (Reuters) - KKR::WELLA COMPANY NAMES ANNIE YOUNG-SCRIVNER AS CEO.KKR - APPOINTMENT WILL BECOME EFFECTIVE UPON CLOSE OF WELLA DEAL.  Full Article

Coty Says Fiscal 2020 Total Compensation For CFO $15 Mln
Friday, 25 Sep 2020 

Sept 24 (Reuters) - Coty Inc ::COTY INC - FISCAL 2020 TOTAL COMPENSATION FOR CFO PIERRE-ANDRÉ TERISSE $15 MILLION VERSUS $5.3 MILLION IN 2019 - SEC FILING.COTY INC SAYS FORMER CEO, PIERRE LAUBIES' FY 2020 TOTAL COMPENSATION WAS $21.7 MILLION VERSUS $16.2 MILLION IN FY 2019 - SEC FILING.COTY INC - FISCAL 2020 TOTAL COMPENSATION FOR CFO PIERRE-ANDRÉ TERISSE OF $15 MILLION INCLUDES $10.1 MILLION IN STOCK AWARDS.  Full Article

Coty Files For Shelf Of Convertible Preferred Stock By Selling Stockholders
Friday, 28 Aug 2020 

Aug 27 (Reuters) - Coty Inc ::FILES FOR SHELF OF UP TO $1 BILLION SERIES B CONVERTIBLE PREFERRED STOCK BY SELLING STOCKHOLDERS - SEC FILING.FILES FOR SHELF OF UP TO $625 MILLION CLASS A COMMON STOCK BY SELLING STOCKHOLDERS.  Full Article

Coty Inc Reports Q4 Loss Per Share Of $1.01
Thursday, 27 Aug 2020 

Aug 27 (Reuters) - Coty Inc ::. REPORTS FISCAL 2020 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 AND FY20 SEVERELY IMPACTED BY COVID-19 PANDEMIC.SIGNIFICANT IMPROVEMENT EXPECTED IN Q1, WITH POSITIVE ADJUSTED OPERATING INCOME.WELLA DIVESTITURE ON TRACK TO CLOSE BY END OF CY20.Q4 REVENUE $560.4 MILLION.QTRLY ADJUSTED LOSS PER SHARE FROM CONTINUING OPERATIONS $0.46.ACTION PLANS SUPPORT OVER $200 MILLION OF FIXED COST SAVINGS IN FY21.QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.91.QTRLY REPORTED LOSS PER SHARE $1.01.TARGETING ADJUSTED OPERATING INCOME PROFITABILITY IN Q1 AND FOR FULL YEAR.QTRLY ADJUSTED LOSS PER SHARE $0.51.BEGUN BUILDING PLATFORMS TO ADDRESS UNDER-EXPOSURE IN SKINCARE, NORTHERN ASIA, AND E-COMMERCE.4Q20 LUXURY NET REVENUES OF $219.4 MILLION, OR APPROXIMATELY 39% OF COTY CONTINUING OPERATIONS, DECLINED 70.9% AS REPORTED.QTRLY COTY INC NET REVENUE $922.1 MILLION, DOWN 56% ON REPORTED BASIS.HAS SEEN GRADUAL SALES TREND IMPROVEMENT FROM APRIL THROUGH JUNE.MONTHLY SALES TRENDS IN CHINA CONTINUED TO IMPROVE WITH EACH MONTH FROM FEBRUARY TROUGH.QTRLY SALES IN CHINA WERE WEIGHED DOWN BY A HIGHER EXPOSURE TO BRICK & MORTAR RETAILERS.REPORTED SALES FOR AMERICAS SEGMENT IN QUARTER BENEFITED FROM CONTRIBUTION FROM KYLIE BEAUTY PARTNERSHIP.IN AMERICAS, CONTINUED TO SEE DEMAND SHIFT TO E-COMMERCE IN QUARTER.  Full Article

Coty Inc Says Newly Appointed CEO, Sue Y. Nabi, To Lead Executive Committee
Thursday, 9 Jul 2020 

July 9 (Reuters) - Coty Inc ::COTY STRENGTHENS EXECUTIVE COMMITTEE.COTY INC - NEWLY APPOINTED CEO, SUE Y. NABI, TO LEAD EXECUTIVE COMMITTEE.COTY INC - PRINCESS ANNA OF BAVARIA NAMED CHIEF CORPORATE AFFAIRS OFFICER AND MEMBER OF EXECUTIVE COMMITTEE.COTY INC - CHIEF LEGAL OFFICER AND GENERAL COUNSEL KRISTIN BLAZEWICZ PROMOTED TO EXECUTIVE COMMITTEE.  Full Article

Coty Names Sue Y. Nabi Chief Executive Officer
Thursday, 2 Jul 2020 

July 2 (Reuters) - Coty Inc ::COTY NAMES SUE Y. NABI CHIEF EXECUTIVE OFFICER.COTY INC - SUE Y. NABI, GLOBAL BEAUTY INDUSTRY ENTREPRENEUR, TO BECOME CEO OF COTY IN SEPTEMBER.COTY INC - PETER HARF, FOUNDER OF MODERN COTY, TO BE ELEVATED TO EXECUTIVE CHAIRMAN.COTY INC - SUE Y. NABI HAS BEEN APPOINTED CHIEF EXECUTIVE OFFICER, EFFECTIVE SEPTEMBER 1, 2020.COTY INC - PETER HARF WILL BE ELEVATED TO ROLE OF EXECUTIVE CHAIRMAN AND WILL WORK CLOSELY WITH NABI TO LEAD COTY'S TRANSFORMATION..  Full Article

KKR Rainbow Aggregator L.P Reports A 17.4% Stake In Coty As Of June 2
Saturday, 13 Jun 2020 

June 12 (Reuters) - Coty Inc ::KKR RAINBOW AGGREGATOR L.P REPORTS A 17.4% STAKE IN COTY AS OF JUNE 2 - SEC FILING.  Full Article