Coty Names New CFO, Guides FY27 EBITDA Decline and $300M+ H1 Cash Flow
COTY sits 54% above its 52-week low of $1.82.
Summary
Coty reported Q4 revenue of $1.27 billion, beating consensus by $80 million, but adjusted EPS missed and adjusted EBITDA fell 26% year-over-year. The company guided Q1 FY27 like-for-like revenue down low-to-mid single digits and adjusted EPS of $0.11-$0.13, while expecting over $300 million in free cash flow for the first half of FY27. Management also named Soraya Benchikh as CFO effective September 1, completing a leadership overhaul that began with three executive departures in July. Coty is looking to finish its strategic review. The stock slid on the outlook, which signals a transition year with EBITDA expected to decline.
At the time of this announcement, COTY was trading at $2.81 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $1.82 to $5.03. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.