Nov 4, 4:31 PM ET
Coty reported fiscal first-quarter 2027 results for the three months ended September 30, 2026, with net revenue down 1% to $1,555.2 million and adjusted EBITDA down 7% to $274.2 million, while adjusted EPS rose to $0.16 from $0.12. The company guided second-quarter like-for-like revenue to a low-single-digit decline and adjusted EBITDA to a high-single-digit decline, and said FY27 will be a transition year.
- Net revenue of $1,555.2 million fell 1% on a reported basis and 2% like-for-like; adjusted EBITDA fell 7% to $274.2 million
- Reported EPS was $0.12 versus $0.07 a year earlier; adjusted EPS was $0.16 versus $0.12
- Free cash flow was $84.6 million versus $11.2 million in the prior-year period
- Q2 FY27 guidance: adjusted EPS of $0.16 to $0.18 per share, excluding the equity swap, with adjusted EBITDA expected to decline by a high-single-digit percentage
Read the filing on SEC.gov ↗
Sep 11, 5:10 PM ET
Coty said CFO Laurent Mercier stopped serving as Chief Financial Officer on September 1, 2026, in connection with the previously announced appointment of Soraya Benchikh as CFO. He will serve as Strategic CEO Advisor under a Transition Agreement through June 30, 2027, with pay and benefit terms that the filing details.
- Mercier ceased being CFO on September 1, 2026; Soraya Benchikh was previously announced as successor
- Mercier keeps a €825,000 annual base salary through June 30, 2027 for advisory services and will be released from active duties beginning November 1, 2026
- He will receive a fixed one-time bonus of €290,000 and no annual bonus or variable pay for fiscal 2026 or 2027
Read the filing on SEC.gov ↗
Aug 20, 5:15 PM ET
Coty Inc. said Soraya Benchikh, formerly Chief Financial Officer of British American Tobacco, will succeed Laurent Mercier as Chief Financial Officer effective September 1, 2026, with Mercier serving through August 31, 2026. The company said Mercier's departure is not the result of any disagreement on operations, policies or practices, and the filing also raises Interim Chief Executive Officer Markus Strobel's base salary to $1.6 million from $1.25 million.
- Mercier remains CFO through August 31, 2026; Benchikh takes over September 1, 2026.
- Benchikh's employment agreement sets annual gross fixed compensation of €1,165,000 and a $2.5 million sign-on RSU award.
- Strobel's base salary rises to $1.6 million from $1.25 million, effective September 1, 2026, with target bonus raised to 170% from 150%.
- Benchikh will join Coty's Executive Committee and report directly to Strobel, per the press release.
Read the filing on SEC.gov ↗
Aug 19, 4:31 PM ET
Coty reported fiscal fourth-quarter 2026 net revenues of $1,269.2 million, up 1% on a reported basis but down 1% like-for-like, with a reported net loss of $144.3 million versus $72.1 million a year earlier. For the full fiscal year, net revenues fell 2% to $5,806.6 million and the reported net loss was $618.0 million. For the first quarter of fiscal 2027, Coty guided to a like-for-like sales decline in the low- to mid-single digits and an adjusted EBITDA decline in the low teens, which points to weaker profit in the near term for shareholders.
- Q4 net revenues of $1,269.2 million rose 1% reported and fell 1% like-for-like; reported operating loss was $42.7 million versus $15.5 million operating income a year earlier
- Adjusted operating income fell to $39.5 million from $67.7 million, and adjusted EPS was a loss of $0.02 versus a $0.05 loss a year earlier
- FY26 reported net loss was $618.0 million; operating cash flow was $537.8 million and free cash flow was $348.2 million
- Q1 FY27 outlook: like-for-like revenue down low- to mid-single digits, adjusted EBITDA down low-teens, adjusted EPS of $0.11 to $0.13 per share, and first-half free cash flow above $300 million
Read the filing on SEC.gov ↗
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