Coty Inc. Files Q1 2025 10-Q Report
Ticker: COTY · Form: 10-Q · Filed: 2024-11-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, cosmetics
TL;DR
COTY Q1 2025 10-Q filed. Financials out.
AI Summary
Coty Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the first fiscal quarter of 2025. Key financial data and business operations for this period are detailed within the report.
Why It Matters
This report provides investors and analysts with the latest financial performance and operational updates for Coty Inc., crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial health or operational risks.
Key Players & Entities
- COTY INC. (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period
- 2025 Q1 (date) — Fiscal quarter covered by the report
- 2024-07-01 (date) — Start of the reporting period
- 2024-09-30 (date) — End of the reporting period
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended September 30, 2024.
What fiscal year does this 10-Q report pertain to?
This 10-Q report pertains to the first fiscal quarter of 2025.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on November 6, 2024.
What is Coty Inc.'s Standard Industrial Classification code?
Coty Inc.'s Standard Industrial Classification code is 2844, for Perfumes, Cosmetics & Other Toilet Preparations.
What is the SEC file number for Coty Inc.?
The SEC file number for Coty Inc. is 001-35964.
Filing Stats: 4,629 words · 19 min read · ~15 pages · Grade level 8.1 · Accepted 2024-11-06 16:46:55
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value COTY New York Stock Exchange
Filing Documents
- coty-20240930.htm (10-Q) — 1776KB
- 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
- 0001024305-24-000071.txt ( ) — 10518KB
- coty-20240930.xsd (EX-101.SCH) — 75KB
- coty-20240930_cal.xml (EX-101.CAL) — 105KB
- coty-20240930_def.xml (EX-101.DEF) — 405KB
- coty-20240930_lab.xml (EX-101.LAB) — 919KB
- coty-20240930_pre.xml (EX-101.PRE) — 671KB
- coty-20240930_htm.xml (XML) — 1473KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 49 Item 4.
Controls and Procedures
Controls and Procedures 49 Part II: OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 50 Item 1A.
Risk Factors
Risk Factors 50 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50 Item 5. Other Information 50 Item 6. Exhibits 51
Signatures
Signatures 52 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 September 30, 2024 2023 Net revenues $ 1,671.5 $ 1,641.4 Cost of sales 576.9 599.5 Gross profit 1,094.6 1,041.9 Selling, general and administrative expenses 808.0 767.4 Amortization expense 48.1 48.6 Restructuring costs 0.7 28.4 Operating income 237.8 197.5 Interest expense, net 61.8 69.8 Other expense, net 43.3 76.6 Income before income taxes 132.7 51.1 Provision for income taxes 42.0 40.9 Net income 90.7 10.2 Net income attributable to noncontrolling interests 2.1 1.1 Net income attributable to redeemable noncontrolling interests 5.7 7.5 Net income attributable to Coty Inc. $ 82.9 $ 1.6 Amounts attributable to Coty Inc. Net income attributable to Coty Inc. 82.9 1.6 Convertible Series B Preferred Stock dividends ( 3.3 ) ( 3.3 ) Net income (loss) attributable to common stockholders $ 79.6 $ ( 1.7 ) Earnings per common share: Earnings per common share - basic $ 0.09 $ — Earnings per common share - diluted 0.09 — Weighted-average common shares outstanding: Basic 867.9 854.3 Diluted 875.3 854.3 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 September 30, 2024 2023 Net income $ 90.7 $ 10.2 Other comprehensive income (loss): Foreign currency translation adjustment 120.6 ( 114.5 ) Net unrealized derivative gain (loss) on cash flow hedges, net of taxes of $ 0.4 and $( 0.7 ), during the three months ended, respectively ( 0.8 ) 1.5 Pension and other post-employment benefits adjustment, net of tax of $( 0.4 ) and $ 0.9 , during the three months ended, respectively 0.9 ( 2.1 ) Total other comprehensive income (loss), net of tax 120.7 ( 115.1 ) Comprehensive incom