Every material Form 8-K Coty has filed with the SEC since February 10, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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.
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
Coty Inc. said its Chief People and Purpose Officer, Priya Srinivasan, notified the company on June 30, 2026 that she is resigning effective August 31, 2026, and that the resignation is not due to any disagreement with the company. A July 2, 2026 press release attached to the filing also describes wider organizational changes, including the departures of two other senior executives and the hiring of Séverine Charbon as her successor effective September 1.
Priya Srinivasan's resignation as Chief People and Purpose Officer is effective August 31, 2026; the filing says it is not due to any disagreement with the company.
Séverine Charbon will join Coty as Chief People and Purpose Officer effective September 1, 2026.
The press release says Chief Scientific and Sustainability Officer Dr. Shimei Fan leaves at the end of August and Chief Commercial Officer Prestige Caroline Andreotti leaves at the end of September.
Executive Chairman and interim CEO Markus Strobel will directly oversee Prestige commercial operations; Graeme Carter, Chief Supply Chain Officer, will lead the combined R&D, sustainability and supply chain function on an interim basis.
Coty reported fiscal third-quarter 2026 results for the period ended March 31, 2026. Net revenue fell 1% to $1,281.6 million, and the reported net loss widened to $411.4 million, driven by a $362.8 million impairment charge on the Consumer Beauty business. The company guided to fiscal 2026 adjusted EBITDA of $838 million to $848 million and adjusted EPS of $0.33 to $0.35, excluding the equity swap.
Q3 net revenue was $1,281.6 million, down 1% reported and down 7% like-for-like; adjusted EBITDA fell 38% to $127.0 million.
Reported operating loss was $372.0 million, including the $362.8 million impairment charge; adjusted EPS was a loss of $0.03 versus $0.01 a year earlier.
Fiscal 2026 outlook: adjusted EBITDA of approximately $838 million to $848 million; fourth-quarter adjusted EBITDA of $85 million to $95 million.
Total debt rose to $3,216.2 million on March 31, 2026, from $3,038.1 million on December 31, 2025.
Coty's Board appointed five new independent directors on March 18, 2026, and expanded its size to 10 members as part of a Board refreshment. Three directors resigned effective immediately, Robert Singer will leave on June 30, 2026, and Gordon von Bretten stepped down from the Board while staying in his executive role. For shareholders, the filing changes the Board's makeup and committee leadership but does not report any financial results or guidance.
Five new independent directors appointed effective March 18, 2026: Carsten Fischer, Robert Kunze-Concewitz, Alia Gogi, Maria Carla Liuni and Stephanie Plaines
Carsten Fischer named Lead Independent Director; Stephanie Plaines chairs the Audit and Finance Committee; Robert Kunze-Concewitz chairs the Remuneration Committee
Beatrice Ballini, Isabelle Parize and Anna Adeola Makanju resigned effective immediately; Robert Singer resigns effective June 30, 2026
Coty reported fiscal second-quarter 2026 results, with net revenue up 1% on a reported basis but down 3% like-for-like, and a reported net loss of $126.9 million compared with net income of $20.4 million a year earlier. The company withdrew its prior fiscal 2026 EBITDA and free cash flow guidance and will give outlook only for the third quarter, under interim CEO Markus Strobel, which leaves shareholders with less visibility on full-year results.
Q2 net revenue of $1,678.6 million rose 1% reported and fell 3% like-for-like; adjusted EBITDA of $330.2 million fell 15%
Reported net loss of $126.9 million vs. net income of $20.4 million a year earlier; adjusted EPS of $0.14 vs. $0.11
FY26 EBITDA and free cash flow guidance withdrawn; Q3 adjusted EBITDA expected at $100 million to $110 million
Markus Strobel became Executive Chairman and Interim CEO effective January 1, 2026; Wella stake sold to KKR for $750 million upfront
Coty's board appointed Markus Strobel, a former Procter & Gamble executive, as Executive Chairman and Interim CEO effective January 1, 2026. Sue Nabi will leave the CEO role on December 31, 2025, and Peter Harf resigns as chairman on the same date, so the leadership transition affects shareholders directly.
Markus Strobel becomes Executive Chairman and Interim CEO effective January 1, 2026, with a base salary of $1,250,000 that drops to $1,000,000 once he is no longer interim CEO.
Sue Nabi ceases to be CEO effective December 31, 2025, and receives a lump sum of approximately $1,741,575 in lieu of notice, with about 2,083,333 restricted stock units vesting on January 2, 2026.
Peter Harf resigns as Chairman and director effective December 31, 2025, after serving as chairman since 2020.
Patricia Capel joins the board effective January 1, 2026, and the Remuneration and Nomination Committee on the same date.
On December 18, 2025, a Coty subsidiary agreed to sell its remaining 25.8% stake in Wella to KKR-affiliated buyers for $750 million in cash plus a consideration loan note, and the right to 45% of proceeds from any further sale or IPO after KKR's preferred return. Coty expects a preliminary non-cash impairment charge of approximately $200 million in the quarter ending December 31, 2025, and says it plans to use most of the upfront cash to pay down debt.
Buyer is Tides Holdco Limited, with KKR-affiliated entities; upfront consideration is $750 million in cash plus a consideration loan note.
Coty will hold 45% of the ordinary shares of the buyer and has consent rights and a non-voting board observer seat.
Coty expects a material non-cash impairment charge of approximately $200 million in the quarter ended December 31, 2025; the amount is preliminary.
Coty says the Wella proceeds and free cash flow are expected to reduce financial net leverage to about 3x by the end of calendar 2025.
Coty reported fiscal first-quarter results for the period ended September 30, 2025, with net revenue of $1,577.2 million, down 6% on a reported basis and 8% like-for-like. Reported operating income fell 22% to $185.0 million and reported EPS was $0.07, versus $0.09 a year earlier. The company said its prior outlook is unchanged, including a return to growth in the second half of fiscal 2026, which shareholders will need to see in later results.
Net revenue of $1,577.2 million, down 6% reported and 8% like-for-like; Consumer Beauty down 9% and Prestige down 4% on a reported basis
Reported operating income of $185.0 million versus $237.8 million; reported EPS of $0.07 versus $0.09
Adjusted EBITDA of $296.1 million, down 18%; Q2 like-for-like sales expected at the more favorable end of the prior decline range of 3% to 5%
Total debt of $4,069.3 million; retained 25.8% Wella stake valued at $1,003.0 million, which the company is pursuing to monetize
Coty Inc. and two wholly-owned subsidiaries completed a private offering of $900.0 million in 5.600% senior notes due January 15, 2031, on October 15, 2025. The notes are senior unsecured obligations and are not guaranteed by Coty's subsidiaries, so the filing adds $900.0 million of debt for shareholders to weigh.
Principal amount of $900.0 million; interest at 5.600% per year, paid semi-annually on January 15 and July 15, starting January 15, 2026
Notes are senior unsecured and not guaranteed by any Coty subsidiaries; they become secured guarantees only if they lose investment grade ratings from at least two of three agencies
Redemption possible before December 15, 2030 at par plus an applicable premium, and at par from December 15, 2030 onward
Change of control triggering events require an offer to repurchase at 101% of principal plus accrued interest
Coty reported fiscal 2025 net revenue of $5,892.9 million, down 4%, and a reported net loss of $381.1 million, compared with net income of $76.2 million a year earlier. The loss reflects a $212.8 million non-cash asset impairment and a $248.1 million equity swap mark-to-market hit. The company expects first-quarter fiscal 2026 LFL sales to decline 6% to 8% and adjusted EBITDA to fall in the mid-to-high teens percentage, with a return to growth in the second half.
FY25 reported net loss was $381.1 million, or $(0.44) per diluted share, versus net income of $76.2 million in FY24.
Q4 net revenue was $1,252.4 million, down 8%, and Q4 adjusted EBITDA was $126.7 million, down 23%.
Guidance: 1Q26 LFL sales decline of 6% to 8%; 1Q26 adjusted EBITDA decline in the mid-to-high teens percentage.
1H26 adjusted EPS expected at $0.33 to $0.36; free cash flow in 1H26 expected to exceed $350 million.
Coty's Vice Chair and Lead Independent Director, Johannes Huth, resigned from the board on July 14, 2025, after five years of service, and the company said the resignation was not due to any disagreement. On July 16, 2025, the board appointed director Beatrice Ballini as Lead Independent Director, effective immediately. The filing reports board leadership changes only and includes no financial results or guidance.
Johannes Huth resigned as director and Vice Chair on July 14, 2025, after five years on the board
Huth had served on the Audit and Finance Committee since 2022 and as Lead Independent Director since June 2023
Beatrice Ballini, a director since September 2019 and chair of the Remuneration and Nomination Committee, was appointed Lead Independent Director on July 16, 2025
The filing states Huth's resignation was not the result of any disagreement with the company on operations, policies or practices
Coty reported fiscal third-quarter results for the period ended March 31, 2025, with reported net revenue of $1,299.1 million, down 6% from a year earlier, and a reported net loss of $409.0 million, compared with net income of $0.5 million in the prior year. The loss includes a $212.8 million asset impairment charge, mainly in Consumer Beauty's color cosmetics business. The company now expects fiscal 2025 EPS of $0.49-0.50, near the low end of its prior range, which matters to shareholders because it signals weaker earnings and a sales decline in the fourth quarter.
Q3 reported net revenue of $1,299.1 million fell 6%; on a like-for-like basis, sales fell 3%.
Q3 reported net loss of $409.0 million, or $(0.47) per diluted share, versus net income of $0.5 million a year earlier; includes a $212.8 million asset impairment charge.
Fiscal 2025 EPS expected at $0.49-0.50, near the low end of prior guidance; free cash flow expected at approximately $300 million.
Fourth-quarter like-for-like sales expected to decline by a high single-digit percentage.
Coty reported fiscal second-quarter net revenue of $1,669.9 million, down 3% from a year earlier, with reported EPS of $0.02 versus $0.20, largely due to a $97 million equity swap mark-to-market hit. Adjusted operating income rose 8% to $333.7 million, and the company now expects FY25 adjusted EPS excluding the equity swap of $0.50-0.52, while forecasting reported FY25 sales to decline in the low single digits. A director also resigned on February 7, 2025, citing personal reasons.
Q2 reported net revenue of $1,669.9 million, down 3% year over year; like-for-like revenue down 1%
Q2 reported EPS of $0.02 versus $0.20 a year earlier; equity swap mark-to-market was a $0.11 negative impact
Q2 adjusted operating income of $333.7 million, up 8%; adjusted operating margin 20.0%
Board member Maria Asuncion Aramburuzabala Larregui resigned February 7, 2025, after four years, for personal reasons
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