Coty Inc. (NYSE:COTY) Q2 2022 Earnings Conference Call February 8, 2022 8:00 AM ET
Company Participants
Sue Nabi - Chief Executive Officer
Laurent Mercier - Chief Financial Officer
Conference Call Participants
Olivia Tong - Raymond James
Steph Wissink - Jefferies
Andrea Teixeira - JPMorgan
Rob Ottenstein - Evercore
Lauren Lieberman - Barclays
Operator
Good morning ladies and gentlemen. My name is Brittany and I will be your conference operator today. At this time, I would like to welcome everyone to Coty’s Second Quarter Fiscal 2022 Results Conference Call. As a reminder, this conference call is being recorded today, February 8, 2022.
On today’s call are Sue Nabi, Chief Executive Officer and Laurent Mercier, Chief Financial Officer. I would like to remind you that many of the comments today may contain forward-looking statements. Please refer to Coty’s earnings release and the reports filed with the SEC where the company lists factors that could cause actual results to differ materially from these forward-looking statements.
In addition, except where noted, the discussion of Coty’s financial results and Coty’s expectations reflect certain adjustments, as specified in the non-GAAP financial measures section of the company’s release.
Sue Nabi
Ladies and gentlemen, with the completion of the first half of fiscal 2022, it's clear that we are delivering on our short-term objectives, while simultaneously strengthening the foundations to achieve the medium term objectives we outlined during our November Investor Day.
As you recall, our objective is to make Coty into a true duty powerhouse which includes sustainably growing ourselves ahead of the beauty market, growing our profit ahead of sales, and steadily deleveraging our balance sheet.
The results of the last six months has confirmed that we are well on track with these ambitions as we enter the virtuous cycle where strong revenue growth combined with
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