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Coty (COTY)
NYSE:COTY
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.21Last Year’s EPS
$0.25Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -5.25%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call indicates strong performance in online sales and the Prestige segment, with significant margin improvements and successful deleveraging efforts. However, challenges remain in China and Travel Retail Asia, along with potential impacts from retail adjustments and tariffs.Company Guidance
During Coty's Q1 2025 earnings call, the guidance highlighted several key metrics and strategic priorities. The management reiterated their medium-term outlook for the beauty market to grow between 3% and 5%. They emphasized Coty's aim to outperform these market growth levels, supported by a steady increase in gross margin, EBITDA margin, and EPS growth. The company projected a close to 100 basis points improvement in EBITDA margin for the current fiscal year, targeting 19%, which represents an increase of over 250 basis points in the last few years. Coty also outlined a deleveraging path, aiming for a leverage ratio below 3x by the end of calendar 2024 and close to 2.5x by the end of fiscal 2025. This financial strategy is bolstered by strong online channel performance, with growth rates of 40% for Rimmel and 80% for CoverGirl, and continued investment in new licenses, skincare, and mass fragrances, which are expected to drive future growth and shareholder returns.Robust Online Growth
Coty's online channel is becoming a significant growth driver, with Rimmel and CoverGirl achieving 40% and 80% growth, respectively.
Prestige Segment Performance
The Prestige segment showed a 7% growth in Q1, with continued strong performance expected in the fragrance category.
Strong Margin Improvement
Coty has improved its EBITDA margin close to 19%, representing an increase of approximately 250 basis points over the last 3-4 years.
Deleveraging Success
Coty is on track to exit calendar year with leverage below 3x and aims for a 2.5x leverage by the end of calendar 2024.
Cost Savings Initiatives
Coty has raised its cost savings target to $120 million, focusing on supply chain efficiencies and leveraging AI for demand planning.
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COTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $7.43 | $7.25 | -2.42% |
| Aug 20, 2024 | $9.53 | $10.13 | +6.30% |
| May 06, 2024 | $11.50 | $11.10 | -3.48% |
| Feb 07, 2024 | $12.18 | $11.88 | -2.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Coty (COTY) report earnings?
Coty (COTY) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Coty (COTY) earnings time?
Coty (COTY) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COTY EPS forecast?
COTY EPS forecast for the fiscal quarter 2025 (Q2) is $0.21.
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