Coty Q2 reported net loss of $126.9 million; withdraws FY26 EBITDA and cash flow guidance
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.
Key points
- 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- FY26 EBITDA and free cash flow guidance withdrawn; Q3 adjusted EBITDA expected at $100 million to $110 million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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.