NYSE:COTY

Coty Reports Strong Results Ahead of Beauty Market, with Double-Digit Growth FYTD

Retrieved on: 
Monday, May 6, 2024
Cosmetics, Retail, Online Retail, Other Retail, Lacoste, TSA, Consumer, CP, Social media, Depreciation, Burberry, CoverGirl, Coty Inc., Capital, Beauty, Conference, Collection, Euronext Paris, Weakness, Etro, Tax, LFL, Patent, EPS, FX, Share repurchase, Growth

Coty continues to benefit from this attractive market dynamic with momentum across its core categories, strong launch results and early wins in key white spaces.

Key Points: 
  • Coty continues to benefit from this attractive market dynamic with momentum across its core categories, strong launch results and early wins in key white spaces.
  • Consumer Beauty's Americas and EMEA regions delivered solid reported net revenue growth in the quarter, with strong double-digit percentage growth in Latin America and Canada.
  • Prestige reported net revenue growth in the region was driven by strong double-digit percentage reported growth in Asia excluding China and the regional Travel Retail channel.
  • On February 28, 2024, Coty announced the launch of Infiniment Coty Paris, its Coty-branded ultra-premium fragrance brand.

Coty and Lena Gercke Embark on New License Agreement

Retrieved on: 
Tuesday, May 7, 2024
Other Retail, Luxury, Cosmetics, Retail, Specialty, DACH, Coty Inc., Coty, COTY, Partnership, Empowerment, Leger, Woman, Skin, Life, Perfume

This agreement marks the beginning of a long-term partnership between Coty and German Television Presenter and Model, Lena Gercke.

Key Points: 
  • This agreement marks the beginning of a long-term partnership between Coty and German Television Presenter and Model, Lena Gercke.
  • The agreement is rooted in a mutual focus on empowerment, inspiration, and innovation.
  • The collaboration comes as Coty continues to elevate and diversify its portfolio, continuously bringing new products, brands, and innovations to the forefront.
  • Stefano Curti, Coty’s Chief Brands Officer Consumer Beauty, said: “We are delighted to be collaborating with Lena Gercke to bring our shared vision to life in the beauty space.

Sally Hansen Names Duke University Basketball Star Jared McCain as New Brand Ambassador

Retrieved on: 
Friday, April 12, 2024
Cosmetics, Retail, Basketball, Sports, Sport, Inc., Personality, Creativity, Senior, Individual, Name, Coty Inc., Partnership, COTY, Eye, Sally Hansen, Social media, Fear, NIL

Coty Inc. (NYSE: COTY) – Sally Hansen, leading nail color and care brand, announces its first groundbreaking sports partnership with college basketball sensation Jared McCain.

Key Points: 
  • Coty Inc. (NYSE: COTY) – Sally Hansen, leading nail color and care brand, announces its first groundbreaking sports partnership with college basketball sensation Jared McCain.
  • This collaboration marks a historic moment for the brand as it represents Sally Hansen’s first-ever NIL sponsorship deal with an athlete.
  • As part of the collaboration, McCain will serve as a brand ambassador for Sally Hansen, promoting inclusivity and self-expression both within the sports community and beyond.
  • Together, Sally Hansen and Jared McCain aim to redefine the boundaries of traditional sports sponsorships and inspire a new generation to embrace their individuality without fear.

Coty Wins this year’s Euronext Best listing Award in the Large Cap category

Retrieved on: 
Tuesday, March 19, 2024
Finance, Luxury, Cosmetics, Retail, Professional Services, Capital, Conference, Growth, Euronext Growth, Best, Trust, Beauty, Skin, Euronext Paris, COTY, Security (finance)

Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, has won this year’s Euronext Best Listing Award in the Large Cap category, at the 12th edition of the Euronext Annual Conference held on March 19, 2024 in Paris.

Key Points: 
  • Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, has won this year’s Euronext Best Listing Award in the Large Cap category, at the 12th edition of the Euronext Annual Conference held on March 19, 2024 in Paris.
  • The award recognizes the success of Coty's global offering, the largest to date on Euronext Growth®.
  • The secondary listing on Euronext Paris was a resounding success for the company, raising €339.2 million, making it the 47th listing on Euronext in 2023 and the 11th international listing.
  • Sue Nabi, CEO of Coty, said: "We are immensely proud to receive this award for the Best Listing Award of the year in the Large Cap category, at the Euronext Stock Market Awards.

Sally Hansen® Partners With HERSHEY’S KISSES Brand for an Indulgent New Nail Collection Almost Good Enough to Eat

Retrieved on: 
Monday, March 4, 2024
Cosmetics, Retail, Other Retail, Food, Beverage, Collection, COTY, Coty Inc., Sally, Creativity, Happiness, Inc., Nail, Partnership, Beauty salon

The NEW Sally Hansen® x HERSHEY’S KISSES Limited-Edition collection will give you a perfectly sweet manicure, just in time for Easter!

Key Points: 
  • The NEW Sally Hansen® x HERSHEY’S KISSES Limited-Edition collection will give you a perfectly sweet manicure, just in time for Easter!
  • The Sally Hansen® x HERSHEY’S KISSES Insta-Dri® polishes include 8 metallic and crème shades reminiscent of the various HERSHEY’S KISSES wrapper colors, perfect to wear during the Spring season.
  • The Sally Hansen® x HERSHEY’S KISSES collection comes at the perfect time to bring our customers new products that encourage fun, indulgence, and creativity.
  • The Sally Hansen® x HERSHEY’S KISSES collection will be available March 2024, in drugstore, food, and e-commerce retailers nationwide.

Calvin Klein Fragrances announces Idris and Sabrina Elba as the face of new Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign

Retrieved on: 
Friday, March 1, 2024
Cosmetics, Entertainment, Retail, Luxury, Consumer, Film & Motion Pictures, Hispanic, MEN, Multimedia, WOMEN, Panzer corps, Digital, Coty Inc., FKA, Heart, Silver, Face, COTY, Perfume

Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. (NYSE: PVH), and Calvin Klein Fragrances, a division of Coty Inc. (NYSE: COTY), today unveil actor and musician Idris Elba and his wife, model and human rights activist Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE, the newest addition to the ETERNITY fragrance portfolio.

Key Points: 
  • Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. (NYSE: PVH), and Calvin Klein Fragrances, a division of Coty Inc. (NYSE: COTY), today unveil actor and musician Idris Elba and his wife, model and human rights activist Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE, the newest addition to the ETERNITY fragrance portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20240301420936/en/
    Calvin Klein Fragrances announces Idris and Sabrina Elba as the face of new Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign (Photo: Business Wire)
    Shot by Mert Alas, the campaign offers a fresh and impactful take on ETERNITY’s timeless dream of eternal love, capturing Idris and Sabrina in moments of intimacy set to a bespoke cover of “Fever” by FKA twigs.
  • CALVIN KLEIN ETERNITY AROMATIC ESSENCE FOR MEN and FOR WOMEN are elevated and bold aromatic fragrances, connected by a unique coconut note.
  • ETERNITY AROMATIC ESSENCE FOR MEN is a highly contrasted aromatic gourmand, crafted by principal perfumers Daphné Bugey and Frank Voelkl of Firmenich.

Coty Completes First Phase of Share Buyback Program

Retrieved on: 
Thursday, February 22, 2024
Finance, Luxury, Cosmetics, Retail, Professional Services, Share repurchase, Skin, COTY

Today, Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to announce that it has completed the repurchase of 27 million shares at an attractive price relative to current market price as part of its share buyback program, announced on June 10th, 2022.

Key Points: 
  • Today, Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to announce that it has completed the repurchase of 27 million shares at an attractive price relative to current market price as part of its share buyback program, announced on June 10th, 2022.

Coty to Update on Market Beating Progress, Outlook, and White-Space Opportunities at CAGNY 2024 Conference

Retrieved on: 
Tuesday, February 20, 2024
Cosmetics, Retail, Luxury, Fashion, LFL, Marketing, Growth, Skin, Conference, Marni, Etro, Financial management, COTY

Coty will provide an update on its strategic and financial progress, its outlook for the future of the beauty market, significant white-space opportunities the Company is targeting, and its plans to create the must-have beauty products of tomorrow.

Key Points: 
  • Coty will provide an update on its strategic and financial progress, its outlook for the future of the beauty market, significant white-space opportunities the Company is targeting, and its plans to create the must-have beauty products of tomorrow.
  • Coty is building on these strong foundations with a market beating outlook for FY24 of +9-11% LFL revenue growth and +11-12% adjusted EBITDA growth, implying margin expansion of +10-30 bps.
  • Management’s impressive track record and the Company’s transformation underpins Coty confidence to deliver a best-in-class medium-term growth algorithm and drive leverage towards 2x exiting CY25.
  • Our recently announced licenses with two exciting luxury brands, Marni and Etro, reinforce Coty’s position as the go-to beauty partner.

Coty and Etro Embark on New License Agreement

Retrieved on: 
Tuesday, February 20, 2024
Cosmetics, Retail, Luxury, Fashion, Multimedia, Coty Inc., Skin, Life, Creativity, Coty, COTY, Partnership, Perfume

Coty and Etro will work together to explore new categories and innovations to grow the brand’s beauty portfolio.

Key Points: 
  • Coty and Etro will work together to explore new categories and innovations to grow the brand’s beauty portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20240219544270/en/
    This deal establishes a long-term partnership between Coty and Etro, one that is anchored in the companies’ shared values of innovation, exploration, community, and creativity.
  • Etro is an iconic brand with a long-standing heritage of excellence that is reflected across every facet of its business.
  • This agreement further underscores Coty’s focus on fashion driven licenses with significant multi category potential which resonate with consumers in our key markets.

Coty Delivers Strong Q2 and 1H24 Results with Growth Ahead of Beauty Market

Retrieved on: 
Wednesday, February 7, 2024
Cosmetics, Retail, Elixir, Coty Inc., EPS, CoverGirl, Holiday, Davidoff, Consumer, Common stock, Philosophy, Social media, COTY, FX, Record, Share repurchase, LFL, Growth, Science, Inc., Lacoste, Recycling, JAB, Skin, Beauty, Parental leave, Travel, Table, GAAP, Burberry, Marni, Music

The Company's strong sales growth ahead of the beauty market, profit growth, and operating and EBITDA margin expansion in Q2 marked the 14th consecutive quarter of results in-line to ahead of expectations.

Key Points: 
  • The Company's strong sales growth ahead of the beauty market, profit growth, and operating and EBITDA margin expansion in Q2 marked the 14th consecutive quarter of results in-line to ahead of expectations.
  • In Q2, Coty also saw double-digit percentage LFL revenue expansion in prestige cosmetics, with strong momentum in Kylie, Burberry and Gucci.
  • Coty's Consumer Beauty Q2 revenues grew by 7% as reported and 5% LFL, growing in-line with the global mass beauty market.
  • The performance was driven by strong double-digit percentage growth LFL in Prestige and high-single-digit percentage growth LFL in Consumer Beauty.