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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coty Announces Resignation Of Camillo Pane, Current CEO Of Coty For Family Reasons
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Coty Inc ::COTY ANNOUNCES NEW CEO AND BOARD CHANGES.ANNOUNCED RESIGNATION OF CAMILLO PANE, CURRENT CEO OF COTY, FOR FAMILY REASONS.RESIGNATION OF CAMILLO PANE, CURRENT CEO OF COTY,.APPOINTMENT OF PIERRE LAUBIES AS NEW CEO OF COTY, EFFECTIVE IMMEDIATELY.APPOINTMENT OF PIERRE LAUBIES AS NEW CEO OF COTY, EFFECTIVE IMMEDIATELY.BOARD HAS AGREED, STARTED PROCESS TO ADD TWO NEW INDEPENDENT BOARD MEMBERS.BOARD HAS AGREED AND STARTED A PROCESS TO ADD TWO NEW INDEPENDENT BOARD MEMBERS WITH DEEP COMMERCIAL AND FINANCIAL EXPERIENCE.PETER HARF IS TAKING OVER CHAIRMAN OF BOARD ROLE FROM BART BECHT EFFECTIVE IMMEDIATELY.BOARD DECIDED TO APPOINT ERHARD SCHOEWEL AS LEAD INDEPENDENT DIRECTOR.  Full Article

Coty Inc. Says Qtrly Adj SHR $0.11
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Coty Inc ::COTY INC. REPORTS FIRST QUARTER FISCAL 2019 RESULTS.COTY INC - QTRLY LOSS PER SHARE $0.02.COTY INC - QTRLY ADJUSTED EARNINGS PER SHARE $0.11.COTY INC - QTRLY NET REVENUES $2,031.3 MILLION DOWN 9.2 PCT.COTY INC - ENCOUNTERED SEVERAL TEMPORARY SUPPLY CHAIN-RELATED HEADWINDS IN QUARTER.COTY INC - 2Q19 YEAR-OVER-YEAR ADJUSTED EPS COMPARISON WILL BE PRESSURED BY $42 MILLION POSITIVE TAX SETTLEMENT RECORDED IN 2Q18.COTY - HURRICANE FLORENCE IN SEPT IMPACTED MANUFACTURING PLANT, DISTRIBUTION CENTER IN NORTH CAROLINA, IMPACTING LUXURY DIVISION IN QUARTER.COTY INC - DOES NOT EXPECT TO FULLY RECOVER 1Q19 FINANCIAL IMPACT IN BALANCE OF FY19.COTY - HAVE BEEN WORKING TO REMEDY SUPPLY CHAIN ISSUES AND EXPECT TO TEMPER HEADWINDS IN 2Q19, HAVE THEM BE SUBSTANTIALLY RESOLVED IN 3Q19.COTY INC - DECIDED TO MODIFY DISTRIBUTION CENTER CONSOLIDATION PLAN FOR REMAINDER OF YEAR TO MINIMIZE BUSINESS IMPACT.COTY - MODIFICATIONS SHOULD HAVE NO IMPACT TO COMMITMENT OF $225 MILLION OF SYNERGIES IN FY19 AND $750 MILLION TOTAL BY END OF FY20.COTY - EXPECT UNDERLYING YOY NET REVENUE TRENDS IN Q2 TO IMPROVE VERSUS Q1 ACROSS ALL 3 DIVISIONS, INCLUSIVE OF EXPECTED SUPPLY CHAIN HEADWINDS.COTY INC - EXPECT LUXURY AND PROFESSIONAL BEAUTY TO RETURN TO LFL NET REVENUE GROWTH IN Q2.COTY INC - DESPITE SUPPLY CHAIN HEADWINDS, CONTINUES TO EXPECT OPERATING PROFIT AND MARGIN GROWTH IN FY19.COTY INC SEES CONSUMER BEAUTY YOY TRENDS IMPROVE TO HIGH SINGLE DIGIT DECLINE IN Q2.  Full Article

Coty Announces CFO Transition
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Coty Inc ::COTY ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION.COTY INC - PATRICE WILL REMAIN CFO THROUGH MID SEPTEMBER 2018.COTY INC - COTY IS RETAINING AN EXECUTIVE SEARCH FIRM TO CONDUCT A SEARCH FOR A SUCCESSOR.COTY INC - PATRICE DE TALHOUËT, EXECUTIVE VICE PRESIDENT AND GLOBAL CHIEF FINANCIAL OFFICER, WHO IS LEAVING COTY.COTY INC - AYESHA ZAFAR, COTY'S SENIOR VICE PRESIDENT, GROUP CONTROLLER, WILL SERVE AS INTERIM CHIEF FINANCIAL OFFICER EFFECTIVE SEPTEMBER 15, 2018.  Full Article

Coty Sets Quarterly Cash Dividend Of $0.125 Per Share
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Coty Inc ::DECLARES QUARTERLY DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.125PER SHARE.  Full Article

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

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Cosmetics giant Coty replaces CEO, chairman

Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.