COTY Files 8-K on Results of Operations & Financial Condition
Ticker: COTY · Form: 8-K · Filed: 2024-02-07T00:00:00.000Z
Sentiment: neutral
Topics: earnings, financial-results, 8-K, corporate-filing
TL;DR
**Coty just dropped its latest earnings report, time to see how they're doing!**
AI Summary
Coty Inc. filed an 8-K on February 7, 2024, to report its latest financial results and condition. This filing, under Item 2.02, indicates that the company is disclosing its 'Results of Operations and Financial Condition,' which typically includes earnings and other key financial metrics. For investors, this matters because it provides crucial, up-to-date information on Coty's financial health and performance, directly impacting their investment decisions and the stock's valuation.
Why It Matters
This filing signals that Coty Inc. has released its latest financial performance data, which is essential for investors to assess the company's profitability and growth prospects. Understanding these results helps shareholders determine if the company is meeting its financial targets and if their investment remains sound.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently introduce new risks.
Analyst Insight
A smart investor would immediately seek out the full financial statements and results that this 8-K refers to, likely filed as an exhibit, to understand Coty's recent performance, revenue, profit margins, and any forward-looking guidance. This information is critical for re-evaluating their investment thesis and making informed decisions.
Key Players & Entities
- Coty Inc. (company) — the registrant filing the 8-K
- February 7, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Coty Inc.
- 001-35964 (dollar_amount) — Commission File Number for Coty Inc.
- 13-3823358 (dollar_amount) — I.R.S. Employer Identification No. for Coty Inc.
- 350 Fifth Avenue New York, NY 10118 (company) — principal executive offices address for Coty Inc.
- (212) 389-7300 (dollar_amount) — telephone number for Coty Inc.
- COTY (company) — trading symbol for Coty Inc. Class A Common Stock
- New York Stock Exchange (company) — exchange where Coty Inc. Class A Common Stock is registered
FAQ
What is the purpose of Coty Inc.'s 8-K filing on February 7, 2024?
Coty Inc. filed this 8-K to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits,' as indicated by the 'ITEM INFORMATION' sections for Item 2.02 and Item 9.01, respectively.
What is the earliest event reported date in this 8-K filing?
The 'Date of Report (Date of earliest event reported)' for this filing is February 7, 2024.
Where are Coty Inc.'s principal executive offices located?
Coty Inc.'s principal executive offices are located at 350 Fifth Avenue, New York, NY 10118.
What is the trading symbol and exchange for Coty Inc.'s Class A Common Stock?
The trading symbol for Coty Inc.'s Class A Common Stock, $0.01 par value, is COTY, and it is registered on the New York Stock Exchange.
Is Coty Inc. classified as an emerging growth company according to this filing?
No, the filing indicates with a '☐' that Coty Inc. is not an emerging growth company, as the box for 'Emerging growth company' is unchecked.
Filing Stats: 559 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-02-07 16:35:21
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value COTY New York Stock Exchange
Filing Documents
- coty-20240207.htm (8-K) — 29KB
- exhibit991-earningsrelease.htm (EX-99.1) — 764KB
- 0001024305-24-000003.txt ( ) — 977KB
- coty-20240207.xsd (EX-101.SCH) — 2KB
- coty-20240207_lab.xml (EX-101.LAB) — 23KB
- coty-20240207_pre.xml (EX-101.PRE) — 12KB
- coty-20240207_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 7, 2024, Coty Inc. (the "Company") issued a press release announcing its financial results for its fiscal quarter ended December 31, 2023. The release also includes forward-looking statements about the Company's outlook. A copy of the press release is attached as Exhibit 99.1 and is incorporated in this report by reference. The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. The Company is making reference to non-GAAP financial information in both the press release and its earnings call. Reconciliation of these non-GAAP financial measures to the nearest comparable GAAP financial measures are contained in the press release attached as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits: Exhibit No. Description 99.1 Press release regarding financial results, dated February 7, 2024 , of the Company. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Coty Inc. (Registrant) Date: February 7, 2024 By: /s/Laurent Mercier Laurent Mercier Chief Financial Officer