Coty reports mixed Q4 results, guidance

NEW YORK - Coty Inc . (NYSE:COTY ) reported mixed fourth-quarter results and provided fiscal 2025 guidance generally in line with expectations, as shares slipped 1% following the announcement.

The beauty company posted Q4 adjusted earnings per share of -$0.03, missing analyst estimates of $0.05. Revenue for the quarter came in at $1.36 billion, slightly below the consensus of $1.38 billion but up 1% year-over-year on a reported basis and 5% on a like-for-like (LFL) basis.

For the full fiscal year 2024, Coty delivered 11% LFL revenue growth, exceeding its guidance range of 9-11%. Adjusted EBITDA grew 12% to $1.09 billion, also surpassing the company's outlook.

"Our FY24 results set a new milestone in Coty's sustained track record of top-notch execution and market outperformance," said CEO Sue Nabi. She highlighted the company's 11% LFL growth compared to 9% for the overall beauty market.

Looking ahead, Coty provided fiscal 2025 earnings per share guidance of $0.54-$0.57, largely in line with the $0.57 analyst consensus. The company expects results consistent with its medium-term targets of 6-8% LFL revenue growth and 9-11% adjusted EBITDA growth.

Coty's prestige fragrance revenues grew by a mid-teens percentage in FY24, outpacing the broader market's 10% growth. The consumer beauty segment saw 6% growth on both a reported and LFL basis for the year.

While Q4 results were mixed, Coty emphasized its full-year performance and outlook aligned with medium-term goals.

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Source: Investing.com