Coty Inc. Files 10-Q for Q2 FY2025
Ticker: COTY · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 1024305
| Field | Detail |
|---|---|
| Company | Coty Inc. (COTY) |
| Form Type | 10-Q |
| Filed Date | Feb 10, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, cosmetics
TL;DR
COTY 10-Q filed for Q2 FY25. Financials are in.
AI Summary
Coty Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of fiscal year 2025, detailing financial performance and operational updates. Key financial figures and business segments are presented for the reporting period.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Coty Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings inherently carry medium risk due to the detailed financial information and potential for market-moving disclosures.
Key Players & Entities
- COTY INC. (company) — Filer of the 10-Q
- 2024-12-31 (date) — End of the reporting period
- 2025 (date) — Fiscal year
- 2024-07-01 (date) — Start of the reporting period
- 2024-10-01 (date) — Start of the fiscal quarter
- 2024-12-31 (date) — End of the fiscal quarter
FAQ
What is the specific fiscal quarter and year covered by this 10-Q filing?
This 10-Q filing covers the second quarter of fiscal year 2025, which ended on December 31, 2024.
What is the filing date of this 10-Q report?
This 10-Q report was filed on February 10, 2025.
What is Coty Inc.'s Central Index Key (CIK)?
Coty Inc.'s Central Index Key is 0001024305.
What is the SEC file number for Coty Inc.'s filings?
The SEC file number for Coty Inc. is 001-35964.
What is Coty Inc.'s primary business classification according to the SIC code?
Coty Inc.'s Standard Industrial Classification (SIC) code is 2844, which corresponds to 'Perfumes, Cosmetics & Other Toilet Preparations'.
Filing Stats: 4,766 words · 19 min read · ~16 pages · Grade level 7 · Accepted 2025-02-10 16:14:51
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value COTY New York Stock Exchange
Filing Documents
- coty-20241231.htm (10-Q) — 2346KB
- exhibit311-certificationof.htm (EX-31.1) — 13KB
- exhibit312-certificationof.htm (EX-31.2) — 13KB
- exhibit321-certificationof.htm (EX-32.1) — 5KB
- exhibit322-certificationof.htm (EX-32.2) — 5KB
- 0001024305-25-000007.txt ( ) — 11793KB
- coty-20241231.xsd (EX-101.SCH) — 77KB
- coty-20241231_cal.xml (EX-101.CAL) — 110KB
- coty-20241231_def.xml (EX-101.DEF) — 398KB
- coty-20241231_lab.xml (EX-101.LAB) — 941KB
- coty-20241231_pre.xml (EX-101.PRE) — 671KB
- coty-20241231_htm.xml (XML) — 1809KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 60 Item 4.
Controls and Procedures
Controls and Procedures 60 Part II: OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 61 Item 1A.
Risk Factors
Risk Factors 61 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 61 Item 5. Other Information 61 Item 6. Exhibits 62
Signatures
Signatures 63 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements COTY INC. & SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data ) (Unaudited ) Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 Net revenues $ 1,669.9 $ 1,727.6 $ 3,341.4 $ 3,369.0 Cost of sales 555.7 603.5 1,132.6 1,203.0 Gross profit 1,114.2 1,124.1 2,208.8 2,166.0 Selling, general and administrative expenses 797.3 833.4 1,605.3 1,600.8 Amortization expense 47.3 48.3 95.4 96.9 Restructuring costs 1.4 5.7 2.1 34.1 Operating income 268.2 236.7 506.0 434.2 Interest expense, net 54.4 60.1 116.2 129.9 Other expense (income), net 157.2 ( 80.8 ) 200.5 ( 4.2 ) Income before income taxes 56.6 257.4 189.3 308.5 Provision for income taxes 26.0 71.4 68.0 112.3 Net income 30.6 186.0 121.3 196.2 Net income attributable to noncontrolling interests 1.6 0.5 3.7 1.6 Net income attributable to redeemable noncontrolling interests 5.3 4.6 11.0 12.1 Net income attributable to Coty Inc. $ 23.7 $ 180.9 $ 106.6 $ 182.5 Amounts attributable to Coty Inc. Net income attributable to Coty Inc. 23.7 180.9 106.6 182.5 Convertible Series B Preferred Stock dividends ( 3.3 ) ( 3.3 ) ( 6.6 ) ( 6.6 ) Net income attributable to common stockholders $ 20.4 $ 177.6 $ 100.0 $ 175.9 Earnings per common share: Earnings per common share - basic 0.02 0.20 0.11 0.20 Earnings per common share - diluted 0.02 0.20 0.11 0.20 Weighted-average common shares outstanding: Basic 871.4 892.8 869.6 873.6 Diluted 875.2 922.8 875.2 883.3 See notes to Condensed Consolidated Financial Statements. 1 Table of Contents COTY INC. & SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (In millions) (Unaudited ) Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 Net income $ 30.6 $ 186.0 $ 121.3 $ 196.2 Other comprehensive income (loss): Foreign currency translation adjustment ( 282.0 ) 171.5 (